Item 7: Resolution to Amend Low-Income Subsidy Program for Crest Drive Assessments

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income on April 11, 2011, if a property owner(s) has income on any day during April, 2011 that, when extrapolated, exceeds the income limits of sections 6.1.1 – 6.1.3 the property owner is ineligible for the Program. Section 2 . Notwithstanding Section 7 of Resolution No. 4281, property owner(s) who wants to qualify for the Program under Section 1 of this Resolution has ten (10) days from the date the City sends notice to all property owners subject to assessment for the Crest Area Street Improvement Project to apply to the City to participate in the Program. Section 3 . Notwithstanding Section 8 of Resolution No. 4281, the decision of the City Manager or Manager’s designee regarding whether a property owner(s) qualifies to participate in the Program under Section 1 of this Resolution shall be final. Section 4 . Except as explicitly amended by this resolution, all other provisions of the Street Subsidy Program adopted by Resolution No. 4281 apply, including, but not limited to the asset ownership limitations in sections 6.1.1 – 6.1.3. Section 5 . This Resolution shall become effective immediately upon its adoption. The foregoing Resolution adopted the ____ day of April, 2011. _____________________________________ Deputy City Recorder Resolution -- Page 2 of 2 {00028044;1 }