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CCP 08-23-2004
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CCP 08-23-2004
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<br />City of Arden Hills <br />2005 Assessment Policy <br /> <br />HARDSHIP DEFERRALS <br /> <br />. <br /> <br />Minnesota Statute No. 435.193 allows the City, at its own discretion, to defer the <br />payment of any assessment for any homestead property, that is a primary place of <br />residence, owned by a person sixty-five (65) years of age or older, or retired by virtue <br />of a permanent and total disability for which it would be a hardship to make the <br />payments. Under the hardship criteria, no payment amount is reduced or <br />eliminated, but deferred to a future date. Eventuallv, a payment in full with <br />interest will be due to the City/County. <br /> <br />The person filine: for a senior deferment must be sixty-five (65) of ae:e on or <br />before December 31 ,t of the assessment year. <br /> <br />In order to receive such a deferment, the affected person must cstablish the economic <br />hardship that would be incurred to the reasonable satisfaction of the Arden Hills City <br />Council by providing documentation showing an annual gross income Jess than fifty <br />percent (50%) of the Ramsey County median household income as detennined by the <br />most recent census. <br /> <br />The deferral will last for a period of not more than ten (l0) years, and will terminate <br />before ten (l0) years if anyone of the following conditions is present: <br /> <br />. <br /> <br />A. The owner of the property dies and the spouse is not eligible for a <br />defennent; <br />B. The property is sold; <br />C. The property is no longer homestead; <br />D. The City Council determines that there is no longer hardship incurred in <br />immediately requiring either full or partial payment of the assessment. <br /> <br />The City reserves the right to periodically request verification of continued eligibility <br />for a hardship deferral. <br /> <br />It should be noted that during the term of the deferral, interest will accrue. At the <br />termination of the deferral period, interest and principal will be due in a lump sum <br />amount. <br /> <br />An application for deferment of special assessments is available at the City Offices. <br />It is the responsibility of the resident to submit a completed deferral form, along with <br />tax documents, to the Finance Director for approval. This application must be filed <br />within 30 days of the assessment role. The submission of a deferral form to the City <br />does not automatically qualify a resident for the deferral. If a resident is approved for <br />the deferral, the City staff will nOlify the resident of the approval. The City staff on a <br />periodic basis may request the resident to verify their eligibility. <br /> <br />. <br /> <br />2005 Assessment Policy Manual - Page 12 <br />
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