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Page 4 of 6 § 303.08 COUNCIL PROCEDURE AND FINANCING. The provisions of M.S. §§ 429.041 through 429.091, except for M.S. § 429.041, Subd. 7, as they may be amended from time to time, are adopted by reference and shall govern local improvements as if fully set out herein. (Prior Code, § 303.08) § 303.09 DETERMINATION OF ASSESSMENTS. All assessment of property under this chapter shall be pursuant to M.S. § 429.051, as it may be amended from time to time. Further, all properties, to the maximum extent allowed by this chapter and law, shall be included within the assessment district and assessed. All assessments within an assessment district shall be uniform for the assessment based upon benefits received. (Prior Code, § 303.09) § 303.10 DEFERMENT OF SPECIAL ASSESSMENTS. (1) The Council may defer the payment of any special assessments on homestead property owned • by a person who is 65 years of age or older, or who is retired by virtue of permanent and total disability, and the City Clerk is hereby authorized to record the deferment of special assessments where the following conditions are met; but nothing herein contained shall be construed to prohibit the determination of such a hardship on the basis of exceptional and unusual circumstances not covered by these standards and guidelines where the determination made by the City Council in a nondiscriminatory manner will give the applicant an unreasonable preference or advantage over other applicants: (a) Any applicant must be 65 years of age or older, or retired by virtue of permanent and total disability, and must own a legal or equitable interest in the property applied for which must be the homestead of the applicant. (b) The applicant and any other owner of the property who resides therein with the applicant shall not have an annual gross income in excess of the Section 8, low income limits in effect at the time of the application (as established by the Department of Housing and Urban Development). Income specified in the application should be the income of the year preceding the year in which the application is made, or the average income of the three years prior to the year in which the application is made. (c) The applicant and any other owner of the property who resides therein with the applicant shall not have gross assets (excluding the homestead property) in excess of $50,000. (d) The Assessor's Market Value of the applicant's homestead parcel shall not exceed $60,000. (e) The limitations on an applicant's assets and property market value may be adjusted on an . annual basis upon recommendation of the City Administrator and motion of the City Council. (f) Unless otherwise provided under the resolution adopting the assessment, all such deferred http : / /www.amlegal.com/alpscripts /get- content.aspx 12/16/2011