Staff recommends approval of the Satisfaction of Mortgage for Ms. Lena Scott and acknowledges full payment of said note.
Ms. Lena Scott received a Community Development Block Grant (CDBG) Rehabilitation Program Deferred Payment Loan of $31,068.80 December 1, 2000. Ms. Lena Scott was awarded the funding to rehabilitate her home based on program criteria and a commitment to stay in the home during the five-year deferment period. Ms. Scott has fulfilled this commitment.
1. Approve the resolution accepting the Satisfaction of Mortgage; or
2. Such alternative action as the Commission may deem appropriate
Department: Housing & Economic Dev
Prepared by: Tracie Hodge _____
Attachments: Yes____ No ______
Advertised: ____Not Required __X____
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. ___________JB_____
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 LENA SCOTT FOR THE PURPOSE OF SATISFYING A 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 execute a Satisfaction of Mortgage for Lena Scott whose address is 2116 Parkview 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 9th day of February 2009.