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<br />';, <br /> <br />. ;I <br /> <br />. <br /> <br />D. In casas vlhere exceptional and unusual <br />circumstances exist, the City Council <br />may determine that a hardship exists <br />despite th~ fact that the minimum In- <br />come requl reman'fs of Section C (I) are <br />not met; such cases shall be decided by <br />the Councl I on a case by case basis. <br /> <br />3. Jnterest. Interest shall be charged on any assessment <br />deferred pursuant to this Resolution at a rate equal to the rate <br />charged on other assessments for the particular public Improvement <br />project the assessment Is finanCing. <br /> <br />4. Termination of Deferrment. The option to defer the pay- <br />ment of special assessments pursuant to this Resolution shall terminate <br />and a II I nsta II mant amounts previous I If de fe rred. p I us app II cab Ie <br />Interest, shal I become due upon the occurrence of any of the follow- <br />Ing events: <br /> <br />A. Request of property owner. <br /> <br />B. Death of property owner 65 yeal"s of age <br />or older. <br /> <br />C. Sale, transfer or subdivision of the <br />p roparty or any part the reof. <br /> <br />D. The CIty determines that 8 hardship <br />no longer exists. <br /> <br />of <br /> <br />dJ~sed tJ.} the Ardejl"J1i lis <br />..t1-U A , I 9:.t..::/.-. <br /> <br />City Councl I this <br /> <br />e:lfnt day <br /> <br /> <br />Attest: <br /> <br />~ {lI.'.M;7kWJ. 7fL....1 , <br /> <br />Charlotte McNlesh <br />Clerk Administrator <br />