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IV.7. Approval of Miller’s Application for Deferral of Special Assessment; Bishop CITY OF HOPKINS City Council Report 2023-054 To: Honorable Mayor and Council Members Mike Mornson, City Manager From: Ann M. Vidoloff, Deputy City Clerk, Special Assessments Date: June 06, 2023 Subject: Approve Miller’s Application for Deferral of Special Assessment _____________________________________________________________________ RECOMMENDED ACTION MOTION TO Approve Miller’s Application for Deferral of Special Assessment. OVERVIEW The City Council adopted special assessments for the 2023 Street & Utility Improvements project, namely Project 2022-10, on March 21, 2023. City Code § 2-120 of Article 5 allows for a discretionary deferral of a special assessment when a property owner mee ts the following requirements: is either 65 years of age or older, or retired by virtue of permanent disability; Is the owner of the property; Occupies the property as a principal source of residence; and the owner’s annual income does not exceed the low -income limit as established by the Department of Housing and Urban Development as used in determining eligibility for Section VIII housing. Virginia M. Miller, the resident and property owner of 125 – 15th AVE N, Hopkins, Minnesota, has applied for deferral of the special assessment against her property in the amount of $10,790.79. Staff has verified that Mrs. Miller is more than 65 years of age, owns the property listed above, has homestead status, and satisfies the income requirement. If granted, the assessment shall accrue simple interest at a rate of 5.71% until the assessment is paid. Further, if granted, a certification of deferment shall be reviewed and verified annually. The deferral shall terminate upon any of the following conditions: failure to renew the document certification; Death of the owner (here there is no surviving or successor owner that would be eligible for the deferral); Sale or transfer of the property or any part of the property; Loss of homestead status; or Determination there would be no hardship to require immediate or partial payment. Staff recommends the City Council approve the deferral as it has been verified that a hardship exists for Mrs. Miller and she meets the required conditions for deferral. SUPPORTING INFORMATION • Virginia M. Miller – Application for Deferral of Special Assessment (Attached) FINANCE DEPARTMENT