HomeMy WebLinkAboutCCRes_91-37
No R-91-37
CITY OF FALCON HEIGHTS
C O U N C I L R E S O L U T I O N
Date 6/19/91
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A RESOLUTION AMENDING THE CITY'S ASSESSMENT POLICY
RELATING TO HARDSHIP DEFERRALS
WHEREAS, the City Council of the City of Falcon Heights has
determined it is necessary to amend the Hardship Deferral
Section of the City's present assessment policy;
NOW, THEREFORE, be it resolved by the City Council of the
City of Falcon Heights that the assessment policy be amended
as follows:
VI. HARDSHIP DEFERRAL OF ASSESSMENTS
A. Eligibility for Deferral
1. The City Council may approve deferral of payments
• for homestead property as authorized by Minnesota
Statutes Sec. 435.193 if the owner;
(1) is at least 65 years old or on permanent total
disability retirement,
(2) has annual gross income from all sources, 50
percent or less than the latest median income
as determined by the U.S. Department of
Housing and Urban Development, and
(3) is a person for whom it would be a hardship to
make payments.
2. The deferral will last for not more than ten years
and will terminate before ten years if the owner
dies and the spouse is not eligible or the property
is sold or the property is no longer homestead or
the City Council determines there is no longer
hardship to require immediate or partial payment.
3. The City may determine the amount of interest on
the deferred assessment, whether it will be simple
interest or compound interest, and the time that
interest payments are to be made.
•
•
B. Procedures
1. An application is made to the City Council on a
form prescribed by the Ramsey County Auditor (as
required by Minnesota Statutes Sec. 435.194) and
provided by the City.
2. The City Council, by resolution, determines whether
to grant the request.
3. City staff may from time to time request
verification of continued eligibility.
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Moved by Wallin Approved by ~ ~~•fi~---ti
Mayor
June 19 1991
a e
r
YEAS NAYS
BALDWIN '
CIERNIA 5 In Favor Attested by __
GEHRZ G y C er
WALLIN 0 Against
JACOBS June 19 1991
Da e
Adopted by Council _June 19, 1991