Ordinance No. 19784 - Laserfiche WebLink

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median f ami 1 y income recagn i zed on July 1 of each year by the Department of Housing and Urban Development . I f there i s more than one property owner, their combined annual income may not exceed sixty percent ~60~'0} of that median family i ncame. These maximum annual incomes may be increased by an additional eight percent ~S'ti} 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 rei ated to the property owners} by blood or rnarri age i n the first or second degree, 3 . None of the property owner ~ s } may own assets i n add i - t i on to the property of residence and its household furnish - i ngs worth more than three ~3} times the al i owabl a income under subpart ~b}~. of this subsection, except that assets producing any part of the income counted i n subpart ~ b} ~ . of this subsection shall be excluded i n determining the amount of assets owned; and 4 . None of the property owner ~ s } may own or have a pos - sessory interest in other real property which is allowed a deferral under this section. ~3} To the extent that funds are avai l ab1 e i n the Sewer Assessment Deferral Loan Program, deferral of payments on assessments for 1 ateral con- struction, trunk levy, service connection fees, and other connection charges shall be accorded eligible property owners}. when in the judgment of the finance officer the projected demand for assessment deferral under this sub- secti on exceeds the avai 1 abl a funds, priority shall be given to those el igi - ble under part ~3} ~a} of this subsection, then to those eligible under part ~3}fib} of this subsection. ~a} To be eligible for deferral of payments on the full sani- tary sewer assessment, service connection fees, and other connec- tion charges, the property owners}'s household income may not exceed vne hundred fifty percent ~ 150%} of the latest federal poverty level income. fib} To be el igib1e for deferral of payments on the part of the sanitary sewer assessment attributable to the lateral sewer system, the property owner ~ s }' s household income may not exceed one hundred seventy-five percent ~ 115} of the 1 atest federal poverty level income . ~c} To be eligible for deferral of vne-half of the payments on the part of the sanitary sewer assessment attributable to the 1 ateral sewer system, the property owner ~ s }'s household income may not exceed two hundred percent X200%} of the 1 atest federal pov- erty 1 evel income. ~d} None of the property owners} may own or have a posses- sory interest i n other property which i s al 1 owed a deferral under this section. Section 4. The City Recorder, at the request of, or with the concur- rence of the City Attorney, may administratively correct any reference errors contained herein or i n other provisions of the Eugene Code, 1971, to the pro- Ordinance - 3