§ 2-329. Administrative hardship deferment.

(a)

Annually upon application of the owner of a tax parcel subject to the assessments contemplated herein, the Assessment Coordinator may grant a hardship deferment, in which case the tax parcel in question will receive a deferral. The owner shall be required to execute a binding agreement encumbering the tax parcel and otherwise assure the city that payment in full of the assessment and any recording cost, plus interest at an estimated cost of City funds compounded annually, shall be due over a period of time or upon sale or transfer of the property. Such agreement or a memorandum thereof shall be recorded in the Official Records of Pinellas County, Florida. Depending upon the volume or demand for such deferment, the City Council may determine to release such deferments in the future.

(b)

However, all funding for such hardship deferment, or the consequences of the deferment or any future release, shall be from legally available funds other than direct proceeds of the assessments. The Assessment Coordinator is authorized to use sound public administration judgment in applying this authority and considering such applications.

(c)

This provision serves to promote a public purpose and the general welfare, morals and contentment of the inhabitants and residents of the City.

(Ord. No. 34-H, § 2.14, 7-12-2012)