01/10/1977 Meeting - Laserfiche WebLink

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deferral of assessments limit the income of the applicant to $4,000 . for an individual or $5,000 for a couple, with $400 allowed for each dependent. Assets in addition to the property of residents are lim- ited to $20,000. Extension or modification of payments for assessments are allowed if the income does not exceed $6,000 for an individual or $7,000 for a couple, or $400 for each dependent, and a $20,000 limit on assets. It is felt that as a result of inflation the assessments create hardships for property owners whose incomes or assets exceed the limits. In order to adjust the present income 1 imits to meet cur- rent needs and also to establish a scale of limitations which will re- flect changing economic conditions without repeated Council action, it is recommended that the income limits be expressed in percentages rather than flat dollar amounts. These percentages would be based on the Lane County median-family income figure reported by HUD in the Section 8 guidelines for housing assistance. As the median income reported by HUD changes the dollar amount limit- ing assessment referrals or payment modifications would automatically adj ust. He indicated that it is recommended that deferral of assess- ment payments be allowed for individuals with income of less than 35 percent of the Lane County median-family income, or Couples with an income of less than 40 percent of that median; and that an addi- tional 5 percent of the median-family income be allowed for each dependent. The age limitation of 62 would remain. The recommended change for income limitation on persons eligible for extension or modification of assessments payments would allow an individual in- come of 55 percent of the Lane County median-family income, and 60 it percent for a couple with an additional 8 percent for each dependent. The age limitation of 55 would remain. Councilman Haws asked if this assessment financial qualification would relate back to other assessments already levied under this City Code, to which Manager replied yes. Public hearing was held with with no testimony being presented. Council Bill 1308--Amending Eugene Code re: Deferral, ex- tension, or modification of payment of assessments-eligibility was read by Council Bill number and title only, there being no Council member present requesting that it be read in full. Mr. Haws moved, seconded by Mr. Hamel, that the Bill be read a second time by Council Bill number only, with unanimous consent by the Council, and that enactment be considered at this time. Motion carried unanimously and the bill was read the second time by the Council bill number only. Mr. Haws moved, seconded by Mr. Hamel, that the Bill be approved and given final passage. Roll call vote. All Council members present voting aye, the Bill was declared passed and numbered 17819. Jt Councilman Haws asked that media publicity be given to this Code change and thanked the staff for the financial assistance to citizens. 1/10/77 - 5 II