Ordinance No. 19784 - Laserfiche WebLink

Home Browse Search

vide: 7.I95 Local Im rovements -Deferral Extension or Modification of Pa meet of Assessment -Eli i bi l i t for Im ravement Assistance Pro rams. ~1} For purposes of the improvement assistance programs described in this section: ~a} A property owners} i s one or more natural persons wha reside on real property that i s assessed and who hold t i t1 a to the property in fee simple, by tenancy in common, by the entirety, for life or other similar estate, or wha are purchasing such title by 1 and sale contract. ~ b} Federal poverty 1 evel income i s the income established for an owner ~ s } with ar without dependents as set forth i n the pub- 1 i cati an of the U. S. Department of Health and Human Services en- titled #'Poverty Income Guidelines by Family Size" or any successor replacement publication . ~~} To the extent that resources are available in the fund for assistance with local improvements, deferral, extension, ar modification of payments on assessments for local improvements, for assessments under sections 1.055 and 1.I54 and for nuisance abatement 1 lens shall be accorded eligible real property owners. ~a} To be eligible for deferral of assessment payments under this subsection: 1. At least one of the property owner ~ s } shall be s i xty- twa X62} years of age or more; 2. A single property owners}'s annual income may nit exceed thirty-five percent ~35~} of the latest Lane County median family income recognized on July 1 of each year by the Department of Housing and Urban Development. If there i s more than one property owner, their combined annual income may not exceed forty percent ~40~} of that median family income. These maximum annual incomes may be increased by an additional five percent ~5~} of the lane County median family income for each dependent who i s not a property owner ~ s } and who resides on the property and i s related tv the property awner~s} by blood or marriage i n the first or second degree; 3. Nine of the property owners} may awn assets in addi- tion to the property of residence and its household furnish- i ngs worth mare than four ~4} times the allowable income under subpart ~ a } 2 of this subsection, except that assets producing any part of the income counted in subpart ~a}~. of this sub- secti on shat 1 be excluded i n determining the amount of assets owned; and 4 . None of the property owner ~ s } may own ar have a pos - sessory interest i n other real property which i s al 1 owed a deferral under this secti an. fib} To be eligible for an extension or modification of assessment payments: 1. At least one of the property owners} shall be f i fty- f i ve ~ 55 } years of age or mare; 2. A single property owners}'s annual income may not exceed fifty-five percent X5590} of the latest Lane County Drdinance - 2