HomeMy WebLinkAboutResolution 5043
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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 financial 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 statcs "... 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.
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.
Net income. The average annual payment for all assessments levicd against thc
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 titlc to the propcrty
during the preceding year from the assessmcnt levy. Net income determinations shall be
made using federal and statc income tax forms. For purposes of this paragraph, the
average annual payment shall be equal to the total amount of the assessmcnt. interest not
included. divided by the number of years over which it is to bc assessed.
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BE IT FURTHER RESOLVED, that all deferred special assessments shall be subjcct to and
charged simple intcrest at thc prevailing interest rate applicable at the time the assessment was
originally levied. Said interest shall be payablc 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,
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Resolution 5043
Page 2
ATTEST:
(SEAL)
-Administrator