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HomeMy WebLinkAboutVIII-14 Adopt Deferred Assessment for the 2022 Neighborhood Infrastructure Improvements - Park LaneCITY OF HASTINGS COUNTIES OF DAKOTA AND WASHINGTON RESOLUTION NO. 11 - - 22 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HASTINGS ADOPTING THE DEFERRED ASSESSMENT FOR THE 2022-1 NEIGHBORHOOD INFRASTRUCTURE IMPROVEMENTS AT 1305 PARK LANE, HASTINGS, MINNESOTA Council member _____________ introduced the following Resolution and moved its adoption: Whereas, Minn. Stat. §435.193 allows a city to defer a special assessment for any homestead property owned by a person 65 age or order, or retired by virtue of a permanent and total disability for whom it would be a hardship to make the payments; and Whereas, the City adopted Resolution 01-19-22 authorizing a deferral of special assessments; and Whereas, the City assessed the 2022-1 Neighborhood Infrastructure Improvements Project (“Project”) at an assessment hearing held on April 6, 2022; and Whereas, Durwood Dean Peters and Mary E. Peters, husband and wife (“Owners”), the owners of real property located at 1305 Park Lane, Hastings, Minnesota, legally described as: Lot Seventeen (17), Block Five (5), Hastings Oak Park Addition Abstract Property PID: 19-32100-05-170 the (“Property”) were assessed at the assessment hearing in the amount of $5,248.80 with an interest rate of 4.35% and have made application for a deferment of their special assessment for the Project; and Whereas, the Finance Director has determined that the Owners meet all qualifications for such deferment of their assessment. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HASTINGS AS FOLLOWS: 1. The City Council hereby approves the deferment of the assessment for the Property owned by Durwood Dean Peters and Mary E. Peters at 1305 Park Lane, Hastings, Minnesota, in the amount of $5,248.80 with an interest rate of 4.35% until one of the following events: 1. The property is sold, transferred or conveyed, 2. Death of the owner, VIII-14 3. The property becomes non-homestead, or 4. The Council determines that there is no hardship. Following one of these events, the assessment shall be due and payable with interest accruing as of 30 days after adoption of the assessment. 2. The City Clerk is authorized to execute and the Finance Director is authorized to certify the deferred assessment certificate to the County Auditor pursuant to the attached form, which may be amended as necessary to perfect the deferral. Council member_________________ moved a second to this resolution and upon being put to a vote it was adopted by the Council Members present. Adopted by the Hastings City Council on ________________, 2022, by the following vote: Ayes: Nays: Absent: Mary Fasbender, Mayor ATTEST: Kelly Murtaugh, City Clerk (City Seal) VIII-14 Certificate to County Recorder for a Deferred Assessment This is to certify that the property located at 1305 Park Lane, Hastings, Minnesota, legally described as: Lot Seventeen (17), Block Five (5), Hastings Oak Park Addition Abstract Property PID: 19-32100-05-170 against which an assessment was levied by the Hastings City Council on April 6, 2022 for the 2022-1 Neighborhood Infrastructure Improvements Project, in the amount of $5,248.80, has been deferred by the Council pursuant to Minn. Stat. §435.193. The deferment will end upon one of the following events, at which time the assessment amount, with interest accruing as of 30 days after the assessment date, at an interest rate of 4.35%, shall be due and payable: 1. The property is sold, transferred or conveyed, 2. Death of the owner, 3. The property becomes non-homestead, or 4. The Council determines that there is no hardship. City Clerk Dated November 21, 2022. VIII-14