A. To the extent that City funds are available and the requirements of BC 3.04.010 through 3.04.055 are met, a property owner may request deferred payment of special assessments for local improvements levied by the City.

B. To be eligible for a deferment, the applicant must meet guidelines adopted by council resolution.

C. The property owner shall file an application to pay the assessments in installment payments pursuant to the Bancroft Bonding Act and BC 3.02.010 through 3.02.235 or their counterpart; submit an application for deferred payment privileges to the finance director within 30 days after the assessment is entered in the City lien docket or within such time as the finance director may establish; and enter into a contract with the City to pay the assessment when the deferment is terminated.

D. If it appears from the property owner’s application that the property owner would qualify for deferral of special assessments for local improvements under the State of Oregon, Department of Revenue rules or ORS Chapter 311.702 through 311.735, then the finance director may forward the application to the State for deferral.

E. If a property owner cannot meet all the eligibility requirements established by the council, the property owner may apply for a special one-year deferment according to any requirements established by council resolution.

F. A special deferment granted pursuant to subsection E shall commence on the date of timely application and shall terminate one calendar year thereafter, and is subject to all the terms and conditions of BC 3.04.010 through 3.04.055. Failure of the property owner to receive notice for any reason shall not constitute a defense or otherwise invalidate a suit, action or other legal proceeding to collect delinquent assessments in a court of competent jurisdiction.