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Resolution 2024- <br /> <br /> <br /> <br />3. Accordingly, the City approves a deferment of the assessment for the <br />subject property until such time as the property is improved through the construction of <br />a dwelling. <br /> <br />4. Interest on Deferred Assessment. The deferred special assessment shall not <br />be subject to interest, and all interest accrued to the date of this resolution is hereby <br />forgiven. <br /> <br />5. Termination of Deferral Status. The deferral of the assessment shall end upon <br />the improvement of the parcel and the assessment be payable in full at the time the <br />improvement is approved through City Council action or with the approval of a building <br />permit. <br /> <br />WHEREUPON, said Resolution was declared duly passed and adopted by the City <br />Council for the City of Hugo this 18th day of November 2024 <br /> <br /> <br /> <br />Tom Weidt, Mayor <br /> <br /> <br />ATTEST: <br /> <br /> <br /> <br />Michele Lindau, City Clerk <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />