Laserfiche WebLink
iii. If the property should, for any reason, lose its homestead status; <br /> <br />iv. If for any reasor~ the City Council determines that there would be <br /> no hardship to require immediate or partial payment. <br /> <br />o <br /> <br />Those sums otherwise due and payable for the special assessments shall <br />accrue interest at the net interest rate of the 1998 G.O. Improvement <br />Bonds to be issued to finance this project, per annum, which interest <br />shall not be paid with property taxes during the deferral period, but <br />may be paid to the City on an annual basis. In any event, all unpaid <br />accrued interest shall be paid upon termination of deferral. <br /> <br />Passed and adopted by the City Council of the City of Elk River this 26th day of <br />October, 1998. <br /> <br />ATTEST: <br /> <br />Henry A. Duitsman, Mayor <br /> <br />Sandra A. Peine, City Clerk <br /> <br />This instrument was drafted by <br />The City of Elk River <br />13065 Orono Parkway <br />Elk River, Minnesota 55330 <br /> <br /> <br />