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277990 WHITE - CITY CLERK . PINK - FINANCE COIlI1C11 � �����_o CANARY - 'OEPARTMENT G I T Y O F S A I N T PA U L �,a�` �� BLUE - MAYOR File N O. a . Ordin�cnce Ordinance N 0. / ID / / Presented By � Referred To Committee: Date Out of Committee By Date An AdministraCive Ordinance Amending Chapter 64 of the Saint Paul Administrative Code pertaining to the levying and collection of Special Assessments for Local Improvements. THE COUNCIL OF THE CITY OF SAIPIT PAUL D(?ES ORDAIN: , Section 1. That Section 64.04, Subdivision 1, of the Saint Paul Administrative Code, is hereby amended to read as follows: 64.04 Subdivision 1. Assesscr�nts shall bear interest at the rate of �en-E�s�-per-eenr twelve (12) per cent per annum. Assessments may be paid in wtu�le or in part to the City's Finance Department without interest being charged if done so within sixty (60) days after the adoption and publication of the assessment roll. In the event that less than the total assessment is paid within this sixty (60) day period, the Finance Department shall calculate the remaining outetanding principal balance and shall divide this balance into equal annual installix�nta extending over the period established by the assessment resolution. COUNC[LMEN Yeas Nays Requested by Department of: Hunt Finance and Management Services Levine In Favot Maddox McMahon showa�ter Against BY Tedesco wiso� �-ernr�� d by City Attorney Adopted by Council: Date Certified Passed by Council Secretary r �/f � By Approved by Mayor: Date Approved by Mayor for Submission to Council gy By ' �i+�-� Q p..�A:7� � Page 2. Section 2. That Section 64.07 of the Saint Paul Administrative Code is hereby amended to read as follows: 64.07 Deferred assessments; senior citizens. Pursuant to the authority granted by Minnesota Statutes, Section 435.193, any person 65 years of age or older, owning and homesteading property, which property is subject to the levying of a special assessment after the effective date of this section, and which person meets the quslifications of hardship as defined herein, may apply for and receive deferred payment of special assessments so levied by making application therefor to the Ramsey County Assessor in accordance with Minnesota Statutes, Section 435.194. A hardship shall be deemed to exist when the average annual payment for all assessments levied against the subject property exceeds one percent of the adjusted gross income of the applicant as evidenced by the applicant's most recenfi federal income tax return. Deferred assessments shall be subject to interest at the rate e€-e#x-pe�eeA�-per-aaan�-ea-�ke-rea�e���x� aape��-ba}anee, �ecified in Section 64.04, Subdivision 1 and as provided in Section 64.05, of this Administrative Code. The option to defer payment of special assessments shall terminate and all amounts accumulated, including accured interest, shall become due upon the occurrence of any of the following events: (a) the death of the owner, provided that the spouse is otherwise not eligible for the benefits hereunder; (b) the sale, transfer or subdivision of the property or any part thereof; or (c) if the property should for any reason lose its homestead status. _,�-�"%�Y1� � `i i-�'�- • �����J Page 3. Section 3. That Section 64.06 of the Saint Paul Administrative Code is hereby amended to read by adding the following additional paragraph: 64.06 Intereat; appeals. In the event an asseasment as to any piece of property in a public improvement is appealed from in the manner set forth in Section 14.01.4 of the city charter, and not set aside by the court, the date from which interest shall begin to run shall be the same as governs those assessments in the same public improvement not appealed from. Notwithstandin� any other provision in this Ordinance or any other law to the contrary, the payment of assessments. includin� assessments under appeal, shall be made immediatelv on the dates and in the manner as provided in Section 64.05. In the event an appealing party or appeal is successful in reducin� or eliminatinA the assessment the City shall reimburse the appealin� party by such reduction or elimination plus the interest the City is collectin� as part of that particular assessment.