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<br /> MINUTES <br /> CITY COUNCIL <br /> SEPTEMBER 9, 2009 <br /> Mr. McGraw introduced the following resolution and moved its adoption: <br /> RESOLUTION NO. 2009-9-219 - APPROVING ANAMENDMENT <br /> TO THE PERSONNEL POLICY INCREASING THE NUMBER OF <br /> EMERGENCY LEAVE DAYS THAT CAN REAPPROVED BYTHE <br /> CITYADMINISTRATOR TO TEN <br /> The foregoing resolution was duly seconded by Blesener. <br /> Ayes (4). <br /> Nays (0). Resolution declared adopted. <br /> DETERMENT 'I•he City Administrator reported that the Canabury Square Condominium <br /> OF HIA FEES project improvements total approximately $4.9 million. The City has <br /> received HIA payments from condominium owners of just under $2 <br /> million. Applications for deferral of HIA fees are just over $800,000. The <br /> Administrator noted that the HIA deferment applications were received <br /> from property owners over age 65 or on disability and meet low income <br /> guidelines. Additional applications arc from property owners who have <br /> special circumstances and meet low income guidelines. <br /> The Administrator indicated that the deferments based on special <br /> circumstances will require that the City periodically review each of these <br /> deferments to ensure that the special circumstances continue to exist. If <br /> not, the HIA fee would become active and would be either due for <br /> payment or put on property taxes. <br /> The Administrator recommended that the deferments be financed by the <br /> City as an Interfund Loan. The projected interest rate is 6.4%. <br /> Deferments would extend out indefinitely until the property owner dies, <br /> the property owner sells the property, the property loses its homestead <br /> status, or the special circumstances under which the deferment is granted <br /> no longer exist. <br /> McGraw asked how long a deferment would be spread on property taxes <br /> once the deferred HIA fee is activated. The City Administrator indicated <br /> that that would be up to the City to determine at the time. Options include <br /> accepting payment in full, spreading the HIA fee out over the remaining <br /> term of the bond issue, or establishing a fixed period for spreading the fee. <br /> 'I•he Administrator indicated that the City has flexibility on this issue, and <br /> the City Attorney agreed. <br /> Keis suggested that property owners have the option to pay the HIA fee in <br /> full once a deferment is no longer valid, or have the option of spreading <br /> the HIA fee on property taxes up to a maximum of I S years. <br /> 10 <br /> <br />