Ordinance No. 19555 - Laserfiche WebLink

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cluded in determining the amount of assets owned; and 4, The owner may not, or if the owner is husband and wife neither may, awn fee title or a possessory interest in other property which is allowed a deferral under this section. fib} To be eligible for an extension or modification of assessment payments: 1. The real property owner shall be fifty-five €55j years of age yr more or, Tf a husband and wife, one shall be sv; 2. The owner's annual income may not exceed fifty-five percent X55°°/~j of the latest Lane County median family income recognized on July 1 of each year by the Department of Hauling and•Urban Development, or sixty percent X60%j of that median family income ~f the owner is a husband and wife; plus an additional eight percent ~S%j of the Lane County median family income for each dependent residing on the property and related to the owner by blood or marriage in the first or second degree. 3. The owner may not, or if the owner is husband and wife neither may, own assets in addition to the property of residence and its household furnishings worth more than three ~3} times the allowable income under subpart ~b}2, of this subsection, except that assets producing any part of the inw come counted in subpart ~b}z, of this subsection shall be ex- cluded in determining the amount of assets awned; and 4. The owner may not, or if the owner is husband and wife neither may, own fee title or a possessory interest in other real property which is allowed a deferral under this section. ~3j Ta the extent that funds are available in the Sewer Assess- ment Deferral Loan Program, deferral of payments on assessments for lateral construction, trunk levy, service connection fees, and other connection charges shall be accorded eligible real property owners who connect to the qty's sanitary sewerage system. When in the judgment of the finance officer the projected demand far assessment deferral under this subsection exceeds the avai 1 ab1 a funds, priority shal 1 be given to those el i i bl a under art 3 a of thi g p ~ } ~ } ~ s subsect~ on, then to those el ~ g~ bl a under art 3 b of thi s p ~j~} subsection, raj To be eligible for deferral of payments an the full sani- tary sewer assessment, service connection fees, and other connec- t~on charges,.the property owner's household income may not exceed one hundred fifty percent ~ 150%} of the 1 atest federal poverty i evel income . fib} To be eligible for deferral of payments on the part of the sanitary sewer assessment attributable to the ]ateral sewer system, the property owner's household income may not exceed one hundred seventy-five percent X115%j of the latest federal povert Y level income. ~cj To be eligible for deferral of one-half of the payments on the part of the sanitary sewer assessment attributable to the lateral sewer system, the property owner's household income may not exceed two hundred percent X200%} of the latest federal pov- erty level income. ~dj The owner may not, or i f the owner i s husband and wife Ordinance - 2