Staff recommends the City Commission approve the Resolution authorizing the Mayor and City Clerk to execute a Satisfaction of Mortgage and acknowledge full payment of said note.
Mr. Booker & Mrs. Daisy Williams received a Community Development Block Grant (CDBG) Rehabilitation Program Deferred Payment Loan Of $46,105.00 on March 14, 2001. Mr. & Mrs. Williams were awarded the funding to rehabilitate their home based on program criteria and a commitment to stay in the home during the five-year deferment period.
1. Approve Resolution authorizing execution of 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 SATISFACTION OF MORTGAGE FOR THE MORTAGE GIVEN TO BOOKER & DAISY WILLIAMS 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 execute a Satisfaction of Mortgage to Mr. Booker & Mrs. Daisy Williams, whose address is 1012 McNamee Street, Leesburg, Florida 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 24th day of July 2006.