Staff recommends approval of the Satisfaction of Mortgage and acknowledgement of full payment of said note.
received a Community Development Block Grant (CDBG) Rehabilitation Program
Deferred Payment Loan of $24,585.00 on January 8, 2001. Ms Lovings was awarded
the funding to rehabilitate her home based on program criteria and a commitment
to stay in the home during the
5 year deferment
the loan period ended January 8, 2006. Therefore, Ms. Loving
s’ family is
requesting a satisfaction of mortgage. Staff has determined that the loan
obligations have been fulfilled.
1. Approve resolution accepting; or
2. Such alternative action as the Commission may deem appropriate
Department: Housing & Eco. Dev.
Prepared by: Tracie Hodge
Attachments: Yes_X_ No ______
Advertised: X__Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY
COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY
CLERK TO EXECUTE
AN AGREEMENT WITH MS. INES L. LOVINGS
PROVIDE A SATISFACTION OF MORTGAGE
GIVEN TO SECURE A HOUSING REHABILITATION LOAN; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the Mayor and City Clerk are hereby authorized to
n agreement with Ines
L. Lovings whose address is 906 Beecher
Street, for a
satisfaction of mortgage
the bid or RFP number if applicabl e.
THAT this resolution shall become effective immediately.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the 12th day of June 2006.