HomeMy WebLinkAbout0518 Ord (Establish Procedure for Deferral of Special Assessments for Seniors)ORDINANCE NO. 518
AN ORDINANCE ESTABLISHING PROCEDURE FOR DEFERRAL OF SPECIAL ASSESSMENTS
FOR SENIOR CITIZENS.
THE CITY COUNCIL OF THE CITY OF STILLWATER DOES ORDAIN:
SECTION 1. PROVIDING FOR DEFERRAL OF ASSESSMENTS. From and after the adoption
of this Ordinance the City Council of the City of Stillwater may, in its discre-
tion, defer the payment of any special assessment heretofore or hereafter made
for local improvements constructed by the City within the City of Stillwater
when, in ite discretion, it determines by a three -fifths vote of the Council
that the property upon which said assessment is to be levied is homestead property,
that one of more of the owners of said property is sixty-five years of age or
over, and that payment of the assessment would be a hardship for the owner
thereof.
SECTION 2.'-`APPLICATION FOR DEFERRAL. Senior citizens seeking such deferral
shall make application for the sane on a form prescribed by the County Aasesor
of Washington County. In the event that such forms do not require the same, the
applicant shall in addition furnish to the City Council of the City of Stillwater,
a statement ":under oath setting forth applicant's income and assets at the time
of the making of the application.
SECTION 3. DETERMINATION OF INTEREST RATE. The City Council of the City of
Stillwater shall hereafter at the time of levying any special assessments,
determine in addition to the interest rate to be charged to property owners on
installments of said special assessments, the interest rate, if any, which will
be charged to the senior citizens seeking deferral of the collection of said
assessments in accordance with the provisions of this ordinance.
SECTION 4. TERMINATIONS OF RIGHT OF DEFERRED PAYMENT. Deferrals granted
hereunder shall terminate and the amount deferred, together with accumulated
interest, shall become due upon the occnrence of any, of the following events:
(a) the death of the owner, provided that the spouseis otherwise not eligible
for; the benefits hereunder; (b) the sale, transfer or subdivision of"the
property or any part thereof -.(c) if the property should for any reason lose
its homestead status, or (d) if for any reason the taxing authority deferring
the payments shall determine that there would be no hardship to require
immediate or partial payment.
At the time of the termination of the deferral,: the Council may, in its
discretion, provide for payment of said deferred sum in installment payments
in accordance with ` the terms of the original assessment.
SECTION 5. EFFECTIVE DATE. This ordinance shall be in full force and effect
trom and after its passage and publication.
Passed by the City Council this 8th day of October, 1974.
Published: October 16, 1974
Attes
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Mayor