Res 2013-70
RESOLUTION NO. 2013 - 70
A RESOLUTION DEFERRING SPECIAL ASSESSMENT PAYMENTS FOR THE
PROPERTY LOCATED AT 7569 JACKSON STREET IN REGARDS TO STREET
IMPROVEMENT PROJECT ST. 2013-01
WHEREAS, the City of Fridley received a request to defer the 2013 Street Improvement Project St.
2013-01 assessment for the property located at 7569 Jackson Street, and
WHEREAS, Minnesota State Statutes authorize cities to defer special assessment payments for
certain senior and disabled individuals, and
WHEREAS, the City Council by virtue of Resolution 14-1995 has established a list of factors as a
basis for granting special assessment deferments, and
WHEREAS, staff has reviewed the required factors and has determined the resident meets the
necessary factors and is therefore eligible for the deferment, and
WHEREAS, the deferral of this one assessment will not pose a financial burden on the Street
Capital Improvement Fund, and
WHEREAS, the applicant is also aware the during the deferral period interest at 5.25 percent
continues to accrue and will be added to the outstanding principal balance each year, and
WHEREAS, repayment of the assessment will begin once the property is no longer eligible for
deferment, such as but not limited to the sale of the property or the property no longer being
classified as a homestead property, and
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Fridley that the
special assessment payments are hereby deferred for the property located at 7569 Jackson Street in
regards to Street Improvement Project ST. 2013-01.
ND
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 2
DAY OF DECEMBER 2013.
______________________________
SCOTT J. LUND - MAYOR
ATTEST:
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DEBRA A. SKOGEN - CITY CLERK