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RESOLUTION 98 - 118 <br /> <br /> RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLTUION APPROVING DEFERRED SPECIAL ASSESSMENT <br /> FOR THE 1998 LAKE ORONO SEDIMENT REMOVAL <br /> <br />WHEREAS, <br /> <br />the applicant has presented to the City Council an apphcation <br />for deferred special assessments pursuant to law; and, <br /> <br />WHEREAS, <br /> <br />the applicant is over 65 years of age and meets the financial <br />requirement for deferral of special assessments. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Elk River, Minnesota, as follows: <br /> <br />Lucille G. Lloyd is hereby granted deferral of special assessment for the <br />1998 Lake Orono Sediment Removal Project on Parcel #75-413-0320 on <br />the following conditions: <br /> <br />a. That the conditions described on the apphcation for deferral continue <br /> to exist. <br /> <br />b. This deferral shall terminate after a period of ten years unless <br /> extended pursuant to Section 1404 of the City Code of Ordinances. <br /> <br />c. This deferral shall terminate upon: <br /> <br />i. Applicant's death, provided that the spouse is not otherwise <br /> ehgible for the benefits hereunder; <br /> <br />ii. The sale, transfer, or subdivision of the property or any part <br /> thereof; <br /> <br /> <br />