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. RESOLUTION NO. 06- STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON RESOLUTION DEFERRING ASSESSMENT FOR 2050 RICE CREEK ROAD WHEREAS, Public Improvement Project 05-1, Rice Creek Road Reconstruction, was ordered by the City Council of the City of New Brighton at a Public Improvement Hearing, noticed, and held as required by law; WHEREAS, special assessment 63051000 was adopted by the City Council at an Assessment Hearing to fund a portion of the project costs; WHEREAS, Minnesota Statute, Section 429.061, provides that cities may defer special assessments for qualifying senior citizens, and the New Brighton City Code, Chapter 2, Section 3, allows the City Council to defer special assessments for qualifying senior citizens; WHEREAS, the residents of the property at 2050 Rice Creek Road, Property Code 18-30-23-42-0087, New Brighton, Minnesota, have requested that special assessment 63051000 be deferred as described in Chapter 2, Section 3 of the New Brighton City Code; . WHEREAS, the applicant has meet all the conditions and qualify for a senior citizen deferment as described in the New Brighton City Code and the payment of the special assessment has been deemed a fmancial hardship; WHEREAS, the principal amount of the assessment to be deferred is $2,269.59; NOW THEREFORE BE IT RESOLVED by the City Council of the City of New Brighton, Minnesota that: 1. The special assessment 63051000 levied against the property at 2050 Rice Creek Road is hereby deferred as specified in the New Brighton City Code, Chapter 2, Section 3. 2. Interest shall accrue at an annual rate of six percent per year from the same date as applied to other properties assessed under assessment 63051000 and as described in Resolution 06-096, Resolution Adopting Assessment on Project 05-1, Rice Creek Road Reconstruction. 3. Payment of the deferred assessment will become due as stipulated in Section 7 of Chapter 2 of the New Brighton City Code. Adopted this 10th day of October, 2006. ATTEST: Steve Larson, Mayor Daniel A. Maiers Director of Finance and Support Services Jeanna Troha, Acting City Manage . (SEAL)