the City Commission approv e
the Satisfaction of Mortgage and acknowledge full payment of said note.
received a Community Development Block Grant (CDBG) Rehabilitation Program
Deferred Payment Loan of $9,808.00 on March 14, 2001. Ms Whitehead was awarded the funding to rehabilitate her home
based on program criteria and a commitment to stay in the home during the
the loan period ended March 14, 2006. Therefore, Ms. Whitehead
’s family is
requesting a satisfaction of mortgage. Staff has determined that the loan
obligations have been fulfilled.
1. Approve Resolution accepting the Satisfaction of Mortgage; or
2. Such alternative action as the Commission may deem appropriate
Department: Housing & Econ Dev.
Prepared by: Tracie Hodge
Attachments: Yes__X_ No ______
Advertised: ____Not Required __X___
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 A
WITH MARIAN E.
WHITEHEAD TO PROVIDE A SATISFACTION OF
MORTGAGE GIVEN TO SECURE A HOUSING REHABILITATION LOAN; AND PROVIDING AN
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 Marian E.
Whitehead, whose address is 1305 Seminole Avenue, Leesburg, FL 34748, for the purpose of satisfying a mortgage given to
secure a housing rehabilitation loan .
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