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Gene Tal Inf ormation I <br />Deferred Payment on Special Assessment <br />A. The individual has in fact retired from employment; and <br />It would create a hardship-for the owner(s) of the property to pay the <br />Y <br />speclal assessment installments as the' become due. <br />A, A hardship exists if the annual average assessment exceeds 1% Of <br />the previous year's total adjusted gross income, for federal income <br />tax purposes, for all owners of the property. <br />1. In no event shall total adjusted gross income include: <br />19- Social security benefits <br />2, Railroad retirements <br />3. Retirement-benefits-at-tributable to-employee contributions <br />Disability benefits <br />S. Workmen's compensation benefits <br />cases where exceptional and unusual circumstances exist, the City <br />Council may determine'that �L hardship''exists despite the fact that thl-W <br />minimum income requirements. aria iiot met'. <br />