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<br />RESOLUTION NO <br />06-102 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION DEFERRING ASSESSMENT FOR 2050 RICE CREEK <br />ROAD <br /> <br />WHEREAS, Public Improvement Project 05-1, Rice Creek Road Reconstruction, was <br />ordered by the City Council of the City of New Brighton at a Public Improvement Hearing, <br />noticed, and held as required by law; <br /> <br />WHEREAS, special assessment 63051000 was adopted by the City Council at an <br />Assessment Hearing to fund a portion of the project costs; <br /> <br />WHEREAS, Minnesota Statute, Section 429.061, provides that cities may defer special <br />assessments for qualifying senior citizens, and the New Brighton City Code, Chapter 2, <br />Section 3, allows the City Council to defer special assessments for qualifying senior citizens; <br /> <br />WHEREAS, the residents ofthe property at 2050 Rice Creek Road, Property Code 18-30- <br />23-42-0087, New Brighton, Minnesota, have requested that special assessment 63051000 be <br />deferred as described in Chapter 2, Section 3 of the New Brighton City Code; <br /> <br />WHEREAS, the applicant has meet all the conditions and qualify for a senior citizen <br />defennent as described in the New Brighton City Code and the payment of the special <br />assessment has been deemed a fmancial hardship; <br /> <br />WHEREAS, the principal amount of the assessment to be deferred is $2,269.59; <br /> <br />NOW THEREFORE BE IT RESOLVED by the City Council of the City of New Brighton, <br />Minnesota that: <br /> <br />1. The special assessment 63051000 levied against the property at 2050 Rice Creek <br />Road is hereby deferred as specified in the New Brighton City Code, Chapter 2, <br />Section 3. <br /> <br />2. Interest shall accrue at an annual rate of six percent per year from the same date as <br />applied to other properties assessed under assessment 63051000 and as described <br />in Resolution 06-096, Resolution Adopting Assessment on Project 05-1, Rice <br />Creek Road Reconstruction. <br /> <br />3. Payment of the deferred assessment will become due as stipulated in Section 7 of <br />Chapter 2 of the New Brighton City Code. <br />