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Pursuant to NTinnesota Statute § 435.193 to § 435.195, the Council may, in its discretion, defer <br />the payment of this special assessment for any homestead properiy owned by a person 65 years of <br />age or older or retired by virtue of a permanent and total disability for whom it would be a <br />hardship to make the payments. When deferment of the special assessment has been granted and <br />is terminated for any reason provided in that law, a11 amounts accumulated plus applicable interest <br />becomes due. Any assessed properiy owner meeting the requirements of that law and the <br />resolution adopted under it may, within 30 days of the confirmation of the assessment, or upon <br />reaching the age to become eligible for the deferment, apply to the City Manager on the <br />prescribed form for such deferment of payment of this special assessment on his properiy. <br />Dated: August 27, 2001 BY ORDER OF THE CITY COLJNCIL <br />Neal Beets, City Manager <br />