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SECTION IV <br />ASSESSMENT DEFERRAL POLICY <br />Deferral of Special Assessments <br />A. Purpose - To indicate in certain instances the City may <br />allow deferral of special assessments levied under this <br />policy. <br />B. Conditions of Deferral - Application for deferral of special <br />assessments under these provisions must be filed within <br />thirty (30) days from the date the assessment roll is <br />adopted. Applications granted shall continue in effect for <br />subsequent years until the property no longer qualifies. <br />Applications shall be filed with the City. <br />C. Situations of Discretionary Deferral: <br />1. Senior citizen /low income deferral. Pursuant to City <br />ordinance, the City may defer assessments against any <br />homestead property owned by a person 65 years of age or <br />older or retired by virtue of a permanent and total <br />disability and for whom it would be a hardship to make <br />the assessment payments. The standards and guidelines <br />governing what constitutes hardship are established by <br />City ordinance, Chapter 2901.020. <br />This deferral is subject to the provisions of Minnesota <br />Statutes 435.193 through 435.195. <br />2. Unimproved property deferral. The City may also defer <br />the assessments of improvements with respect to <br />property which is not directly and immediately affected <br />by the improvement for which the assessment is levied. <br />If applicable, at such time as extensions or <br />connections regarding the improvement directly benefit <br />such unimproved property, the City may require payment <br />of the deferred assessments as well as those relating <br />to the connection or extension. <br />In a case such as this, the property owner may, at the <br />discretion of the City Council, be given the option of <br />having a deferred assessment placed against a <br />"subdividable" piece of property or executing a <br />recordable deed restriction which would prohibit the <br />further subdivision of the parcel in question in return <br />for the elimination of a potential assessment against <br />the splitable portion. <br />Any such deferral shall be subject to such other items <br />and conditions including accrual of interest, and shall <br />be subject to termination, all as determined by City <br />Council. (See City Ordinance No. 372) <br />-12- <br />Page <br />h <br />