11-12-1996 CC - Laserfiche WebLink

Home Browse Search

Resolution No. 5043 CITY OF MOUNDS VIEW County of Ramsey State of Minnesota A resolution setting forth the terms and conditions for deferral of special assessments for senior citizens due to payments on said assessments causing a fmancial hardship. WHEREAS, State Statutes and the City Code Section 202.13 allow for the deferral of special assessments for anyone age 65 or older for whom it would be a financial hardship to make payments on said special assessments; and WHEREAS, City Code Section 202.13 states "... the City Council shall adopt a resolution establishing standards and guidelines for determining the existence of a hardship relative to any special assessment adopted under this Chapter..." and it does not appear that such a resolution has been adopted. NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of Mounds View, Minnesota that the following guidelines shall be used in determining whether a deferral of a special assessment shall be granted: 1. Ownership. The applicant must be the fee simple owner of the property or must be a contract vendee for fee simple ownership. An applicant must provide either a recorded deed or contract for deed with the application to establish a qualified ownership interest as required herein. 2. Homestead. The property must be the applicant's principal place of domicile and classified on the City's and County's real estate tax rolls as the applicant's homestead. 3. Net income. The average annual payment for all assessments levied against the subjected property exceeds one percent of the adjusted gross income of the applicant and all other joint tenants,tenants in common or contract vendees in title to the property during the preceding year from the assessment levy. Net income determinations shall be made using federal and state income tax forms. For purposes of this paragraph, the average annual payment shall be equal to the total amount of the assessment, interest not included, divided by the number of years over which it is to be assessed. BE IT FURTHER RESOLVED, that all deferred special assessments shall be subject to and charged simple interest at the prevailing interest rate applicable at the time the assessment was originally levied. Said interest shall be payable upon termination of the deferred status. BE IT FURTHER RESOLVED, that the City Council does hereby appoint the City Administrator or his/her designee to develop an application/form for requesting a deferral and to receive, review, and make recommendations to the City Council on all applications for deferral of any special assessment. Adopted this 12th day of November, 1996.