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HomeMy WebLinkAbout1981 Resolution No. 026r .. • • • RESOLUTION NO. J_,~ SERIES OF 1981 7k A RESOLUTION SETTING STANDARDS FOR THE ELIGIBILITY OF PERSONS WHO APPLY FOR DEFERRAL OF PAYMENT OF SPECIAL ASSESSMENTS AGAINST THEIR PROPERTY OCCUPIED AS THEIR RESIDENCE PURSUANT TO '69 ENGLEWOOD MUNICIPAL CODE, TITLE XII, CHAPTER 1.5. WHEREAS, the City of Englewood has recognized that some of its citizen• have limited property and fixed incomes and as a result are unable to pay assessments established by special assessment diatricta without creating difficult burden upon those citizens; and WHEREAS, the City of Englewood has enacted an Ordinance No. Jf I , Series of 1981, to permit eligible persons to defer payment of special assessments against their property occupied as their residence until a later, more appropriate time; and WBBRBAS, pursuant to said Ordinance codified at Title XII, Chapter 1.5, of the '69 E.M.C., the City Council is required to eatabliah eligibility criteria for persons participating in the Englewood assessment deferral program; NOW, TllBREFORB, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ENGLEWOOD, COLORADO: l. That the income eligibility limitation for applicants who are senior persons, handicapped persons or disabled persons, or low income persons, for assessment deferral pursuant to Title XII, Chapter 1.5, of the '69 E.M.C., are: Number of Persons in Household 1 2 3 ' s 6 7 8 or more Income Limitations (Yearly) $7,600 8,700 9,750 10,850 11,700 12,600 13,450 14,300 2. That the asset limitation for eligibility of senior persons for assessment deferral pursuant to -Title XII, Chapter 1.5, of the '69 E.M.C., is $10,000 of nonexempt personal and real property per household. -• • • • 3. That the asset limitation for eligibility of disabled persons, handicapped persons, and low income persons for assess- ment deferral pursuant to Title XII, Chapter 1.5, of the '69 E.M.C., is $5,000 of nonexempt personal and real property per household. 4. That in the event a person's or household's assets exceed the allowable asset limitation but do not exceed the income limita- tion established for said eligible person's household, the person or household may be eligible for the assessment deferral program if sot of the value of nonexempt assets over said asset limitation added to the yearly income of said person or household results in said person or household being within the applicable income limitations. APPROVED AND ADOPTED this 1st day of June, 1981. c:P ./&fa £?~~· Euqe...-L. Otfs, Mayor Attest: <"" ~~L--~ tliO oftlclyl'ty crer7easurer I, Gary R. Higbee, ex officio City Clerk-Treasurer of the City of Englewood, Colorado, hereby certify that the above and foregoing is a true, accurate and complete copy of Resolution No. Cl~, Series of 1981. Cp<l~/r(~ -2-