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CR- Approval of Special Assessment Deferral Requesdt at - Hariison Ave South (City Project - Street Improvements)October 9, 2013 Council Report 2013-104 Approval of Special Assessment Deferral Request 101 Harrison Avenue S City Project 2012-10 Street Improvement Proposed Action. Staff recommends that the Council approve the following motion: Adopt Resolution 2013-065 Approving the Deferral of Special Assessment Application for 101 Harrison Avenue S. Overview. The property owner of 101 Harrison Avenue S has completed an Application for Deferral of Special Assessments. She has provided documentation showing she meets the age and income requirement. Section 703.05 of the Hopkins City Code states "The City Council may in its discretion defer payment of special assessments upon request for any homestead property owned by a person 65 years of age or older or retired by virtue of a permanent and total disability in either instance of which the City Council determines it would be a hardship for said owners to make the payments." Because the property owner meets the age and income requirement, she is eligible for the Senior Citizen deferment. The City Council must take action on this request before the deferment can be recorded with Hennepin County. Recommendation. • Staff recommends adoption of Resolution 2013-065 that takes formal action to allow the recording of the Senior Citizen deferment request. Supporting Information. • Resolution 2013-065 Robin Robertson Special Assessment Clerk CITY OF HOPKINS HENNEPIN COUNTY RESOLUTION 2013-065 RESOLUTION APPROVING THE DEFERRAL OF SPECIAL ASSESSMENT REQUEST 101 HARRISON AVENUE S CITY PROJECT 2012-10 STREET IMPROVEMENT WHEREAS, the City Council approved the special assessment deferment request for the property located at 101 Harrison Avenue S on October 15, 2013, City Project 2012-10 Street Improvement. WHEREAS, the property owner has met the age and income requirements for the deferment as stated in City Code 703.05. The special assessment deferment shall be certified to the County Auditor. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HOPKINS, MINNESOTA: 1. Such deferred assessment, as may be amended and a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the land named herein, and such tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such deferred assessment shall accrue simple interest during the deferment period at the rate of 3.87% which was established at the time the assessment roll was adopted. 3. Such deferred assessment must be renewed annually during the term of the deferment and all required supporting documents or information must be delivered to the City not later than September 30 of each year. 4. Upon failure to renew the deferment certification or upon (a) the death of the owner, provided that the surviving or successor owner is otherwise not eligible for the deferment; (b) the sale, transfer or subdivision of the property or any part thereof; (c) if the property should for any reason lose its homestead status; or (d) if for any reason the City shall determine that there would be no hardship to require immediate or partial payment; the deferment shall terminate and the City Clerk shall promptly certify to the County auditor the amount of the deferred assessment including interest to be inserted on the tax assessment or in full if the property was sold or the period of time for repayment of the original assessment has expired. Adopted by the City Council this 15`" day of October, 2013. Eugene J. Maxwell, Mayor ATTEST: Kristine Luedke, City Clerk