Laserfiche WebLink
RESOLUTION NO. 6127 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />Resolution 6127 Establishing a Policy for Deferral of Special Assessments by <br />Senior Citizens or Disabled Persons <br /> <br /> <br /> WHEREAS, Minnesota Statutes Chapter 435.193 provide that a city may at its <br />discretion defer the payment of a special assessment for any homestead property owned <br />by a person 65 years of age or older or retired by virtue of a permanent and total disability <br />for whom it would be a hardship to make the payments; and <br /> <br />WHEREAS, City Code Section 202.13 also references deferred payment of special <br />assessments by persons age 65 or older; and <br /> <br />WHEREAS, Both Minnesota Statutes and City Code call for the City Council to <br />adopt a resolution establishing standards and guidelines for determining the existence of a <br />hardship. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Mounds <br />View that the following guidelines are established for the deferral of payment of special <br />assessments: <br />1. Applicants must be age 65 or older or totally and permanently disabled as <br />determined by the Social Security Administration or similar authority. <br />2. The applicant must be the fee simple owner of the property or must be a contract <br />vendee for fee simple ownership. An applicant must provide either a recorded <br />deed or contract for deed with the application to establish ownership interest. <br />3. The property must be the applicant’s principal place of domicile and classified on <br />the City’s and the County’s real estate tax rolls as the applicants homestead. <br />4. All deferred special assessments shall be subject to and charged simple interest at <br />the prevailing interest rate applicable at the time the assessment was originally <br />levied. Said interest shall be payable upon the termination of the deferred status. <br />5. Special assessment payments deferred pursuant to the eligibility requirements set <br />forth by this resolution shall become payable effective upon the occurance of one <br />of the following events: <br />a) The subject property is sold, transferred, subdivided, or in any way <br />conveyed to another by the fee owner qualified for deferred status. <br />b) The death of the fee owner qualified for deferred status unless a surviving <br />joint tenant, tenant in common, or contract vendee is eligible for the deferral <br />benefit. <br />c) The subject property loses its homestead status for any reason. <br />d) The City Council determines that there is no longer a hardship to require <br />continuation of the deferred special assessment.