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(e) The deferral of payment <br />of special assessments may be <br />ordered by resolutiowof the city <br />council at the request of the <br />property owner at any time <br />following adoption of the <br />assessment roll. The property <br />owner shall immediately notify <br />the city finance department of <br />the existence of any change in <br />status which may affect eligi- <br />bility for deferral. <br />(f) The deferral may be <br />extended beyond the initial ten <br />years upon application of the <br />property owner and approval <br />by the city council. <br />Section 2. <br />That this ordinance shall <br />take effect upon publication as <br />provided by law. <br />Passed and adopted by the <br />City Council of the City of Elk <br />River this 18th day of August, <br />2008. <br />Stephanie Klinzing, <br />Mayor <br />ATTEST: <br />Tina Allard, <br />City Clerk <br />(Ag27) <br />