CCP 05-17-2004 - Laserfiche WebLink

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. City of Arden Hills 2004 Assessment Policy HARDSHIP DEFERRALS Minnesota Statute No. 435.] 93 allows the City, at its own discretion, to defer the payment of any assessment for any homestead property, that is a primary place of residencc, owned by a person sixty-five (65) years of age or older, or retired by virtue of a permanent and total disability for which it would be a hardship to make the payments. In ordcr to rcceive such a deferment, the affected person must establish the economic hardship that would be incurred to the reasonable satisfaction of the Arden Hills City Council by providing documentation showing an annual gross incomc Icss than fifty percent (50%) of the Ramsey County median household income as determined by the most rcccnt census. A. Thc owncr of the prope dcfcrment; The property is sold; The property is no Ion The City Coun . immediately r .<,' ten (10) years, and will terminate 'tions is present: The deferral will last for a period of not before ten (10) years if anyone of the fo eligible for a . B. e. D. estead; that there is no longer hardship incurred in full or partial payment of the assessment. The City reserves th for a hardship defe ;odically request verification of continued eligibility It should be noted that g the term of the dcfcrral, interest will accrue. At the termination of the dcfcrral period, interest and principal will be due in a lump sum amount. An application for deferment of special assessments is available at the City Offices. It is the responsibility of the resident to submit a completed deferral form, along with tax documents, to the Finance Director for approval. TIle submission of a deferral form to the City does not automatically qualify a resident for the deferral. If a resident is approved for the deferral, thc City staff will notify thc rcsidcnt of thc approval. The City staff on a periodic basis may request the resident to verify their eligibility. . 2004 Assessmcnt Policy Manual - Page II