Staff recommends approval of the Satisfaction of Mortgage for Ms. Diane Ferguson and acknowledges full payment of said note.
Ms. Diane Ferguson received a Community Development Block Grant (CDBG) Rehabilitation Program Deferred Payment Loan of $22,980.00 on September 8, 1998. Ms. Ferguson 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. Ferguson has fulfilled this commitment.
1. Approved 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_X___ No ______
Advertised: ____Not Required __X___
Attorney Review : Yes_X__ No ____
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. _____EFS___________
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 DIANE FERGUSON 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 an agreement with Diane Ferguson whose address is 107 Georgia 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 March 2009.