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Under Minn. Stat. 435.193 to 435.195, the City Council may, in its discretion, defer the payment of this special <br />assessment for any homestead property owned by a person 65 years of age or older for whom it would be a <br />hardship to make the payments. When deferment of the special assessment has been granted and is terminated <br />for any reason provided in that law, all amounts accumulated plus applicable interest become due. Any <br />assessed property owner meeting the requirements of this law and the resolution adopted under it may, within <br />30 days of the adoption of the assessment, apply to the City Clerk for the prescribed form for such deferral of <br />payment of this special assessment on his property. <br />Dated this 61' day of September, 2016 <br />Ronald J. Otkin <br />Finance Director <br />651762-6314 <br />Enclosures: <br />Assessment Roll <br />