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<br />. <br /> <br />Thc assessment process shall be carried out in accordance with Milmesota Statutes Chapter <br />429. The assessment rate shall be on a per-lot unit basis and shall be calculated and processed <br />in accordance with the currcnt Ardcn Hills Pavement Management Program and Assessment <br />Policy. <br /> <br />Hardship Deferrals <br />Mim1esota Statutc No. 435.193 allows the City, at its own discretion, to defer the payment of <br />any assessment for any homestead property, that is a primary place of residence, owned by a <br />person sixty-five (65) years of age or oldcr, or retired by virtue of a permanent and total <br />disability for which it would be a hardship to makc thc payments. Under the hardship criteria, <br />110 payment amount is rcduced or eliminated, but deferred to a future date. Eventually, a <br />payment in full with interest will be due to tbe City/County. <br /> <br />The person filing for a senior deferment must be sixty-five (65) of age on or before <br />Dccember 31st of the assessment year. <br /> <br />In order to receive such a deferment, the affected person must establish the economic <br />hardship that would be incurred to the reasonable satisfaction ofthe Arden Hills City Council <br />by providing documentation showing an annual gross income less than fifty percent (50%) of <br />the Ramsey County median household income as determined by the most recent census. <br /> <br />The deferral will last for a period of not more than ten (10) years, and will tcrminate before <br />. ten (10) years if anyone of the following conditions is present: <br /> <br />The owner of the property dies and the spouse is not eligible for a deferment; <br />The property is sold; <br />The property is no longer homcstead; <br />The City Council determines that there is no longer hardship incurred in ilmnediately <br />requiring either full or partial payment of the assessment. <br /> <br />Thc City reserves the right to periodically request verification of continued eligibility for a <br />hardship deferral. <br /> <br />It should bc noted that during the term of the deferral, interest will accrue. At the termination <br />of thc deferral period, interest and principal will be due in a lump sum amount. <br /> <br />An application for deferment of special assessments is available at the City Offices. It is the <br />responsibility ofthe resident to submit a completed deferral form, along with tax documents, <br />to the Finance Director for approval. This application must be filed within 30 days of the <br />assessment role. The submission of a deferral form to the City docs not automatically qualify <br />a resident for the deferral. If a resident is approved for the deferral, the City staff will notify <br />the resident of the approval. The City staff on a periodic basis may request thc resident to <br />verify their cligibility. <br /> <br />. <br /> <br />2004 Assessment Po&y - Page 11 <br />