Res 2018-63 Defer Spec Assessment 125 Alden CirRESOLUTION NO. 2018 - 63
A RESOLUTION DEFERRING SPECIAL ASSESSMENT PAYMENTS
FOR THE PROPERTY LOCATED AT: 125 ALDEN CIRCLE NE IN REGARDS
TO 2018 NUISANCE ABATEMENT
WHEREAS, the City of Fridley received requests to defer the 2018 Nuisance Abatement assessment
for the property located at 125 Alden Circle NE, and
WHEREAS, Minnesota Statute § 435.193 authorizes 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 reviewed the required factors and determined the resident meet the necessary
factors and are therefore eligible for the deferment, and
WHEREAS, the applicant is also aware the during the deferral period interest at 6.50 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 125 Alden Circle NE for 2018
Nuisance Abatement Project 9400-2018.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 10TH
DAY OF DECEMBER, 2018.
SCOTT J. LUND - MAYOR
ATTEST:
DEBRA A. SKOGEN - CITY CLERK