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Agenda 11/13/2018 Item #16D1211/13/2018 EXECUTIVE SUMMARY Recommendation to approve one (1) satisfaction of mortgage for the State Housing Initiatives Partnership (SHIP) Loan Program in the amount of $9,602.77. OBJECTIVE: To support the affordability of housing in Collier County through SHIP down payment, emergency repair, and/or rehabilitation assistance programs. CONSIDERATIONS: SHIP, a state affordable housing program, provides assistance to first-time homebuyers for use toward a portion of the required down payment toward the newly acquired home. As a condition of award, the homeowner must repay the assistance provided upon sale, refinance, or loss of homestead exemption. Community and Human Services (CHS) staff recently received a payoff request and payment for one (1) property listed below. The mortgage has been paid in full and the loan is satisfied. File # Name Date Mortgage/ Subordination Signed Recording Date Mortgage OR Book & Page Mortgage Amount Payoff Amount 05-026 Adrian B. Hunsucker 01/27/2006 02/02/2006 3976/1363 $10,000 $9,602.77* Total $10,000 $9,602.77 *NOTE: The total amount stated on the mortgage was not dispersed to the client. Property owners are required to pay the amount they received which is less that the amount stated on the mortgage. Approval of this item will authorize the Chairman to sign the satisfaction of mortgage and the executed document shall be recorded in the Public Records of Collier County, Florida. FISCAL IMPACT: The repaid amount of $9,602.77 satisfies the mortgage amount due to the recapture provision as noted above. The repayments are considered program income. $9,602.77 was deposited in SHIP Grant Fund (791), Project 33569. Deposited funds will be used for eligible SHIP activities. The $10 recording fee was paid by the homeowner. LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote for Board of County Commissioners (Board) approval -JAB GROWTH MANAGEMENT IMPACT: SHIP housing programs help the County meet some of the goals and objectives of the Housing Element of the Growth Management Plan. RECOMMENDATION: To approve and authorize the Chair to sign the satisfaction of mortgage for the SHIP Loan Program in the amount of $9,602.77. Prepared By: Susan Golden, Sr. Grants and Housing Coordinator, Community and Human Services Division ATTACHMENT(S) 1. Original mortgage - AHunsucker (PDF) 2. SAP SOM $9602.77 - AHunsucker (PDF) 3. AHunsucker SOM w-CAO stamp & initials (PDF) 16.D.12 Packet Pg. 1778 11/13/2018 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.12 Doc ID: 7123 Item Summary: Recommendation to approve one (1) satisfaction of mortgage for the State Housing Initiatives Partnership (SHIP) Loan Program in the amount of $9,602.77. Meeting Date: 11/13/2018 Prepared by: Title: – Community & Human Services Name: Susan Golden 10/22/2018 11:29 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 10/22/2018 11:29 AM Approved By: Review: Community & Human Services Leslie Davis Additional Reviewer Completed 10/22/2018 11:38 AM Community & Human Services Cormac Giblin Additional Reviewer Completed 10/23/2018 11:25 AM Community & Human Services Maggie Lopez Additional Reviewer Completed 10/23/2018 11:51 AM Community & Human Services Kristi Sonntag CHS Review Completed 10/23/2018 2:15 PM Public Services Department Kimberley Grant Level 1 Reviewer Completed 10/24/2018 10:50 AM Public Services Department Todd Henry Level 1 Division Reviewer Completed 10/24/2018 11:46 AM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 10/24/2018 1:28 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 10/25/2018 2:00 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 10/25/2018 2:18 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 10/26/2018 8:06 AM County Attorney's Office Emily Pepin CAO Preview Completed 10/26/2018 8:44 AM Budget and Management Office Ed Finn Additional Reviewer Completed 10/29/2018 2:53 PM County Manager's Office Heather Yilmaz Level 4 County Manager Review Completed 10/31/2018 5:08 PM Board of County Commissioners MaryJo Brock Meeting Pending 11/13/2018 9:00 AM 16.D.12 Packet Pg. 1779 16.D.12.a Packet Pg. 1780 Attachment: Original mortgage - AHunsucker (7123 : SHIP Satisfaction of Mortgage) 16.D.12.a Packet Pg. 1781 Attachment: Original mortgage - AHunsucker (7123 : SHIP Satisfaction of Mortgage) 16.D.12.a Packet Pg. 1782 Attachment: Original mortgage - AHunsucker (7123 : SHIP Satisfaction of Mortgage) 16.D.12.a Packet Pg. 1783 Attachment: Original mortgage - AHunsucker (7123 : SHIP Satisfaction of Mortgage) 16.D.12.b Packet Pg. 1784 Attachment: SAP SOM $9602.77 - AHunsucker (7123 : SHIP Satisfaction of Mortgage) 16.D.12.cPacket Pg. 1785Attachment: AHunsucker SOM w-CAO stamp & initials (7123 : SHIP Satisfaction of Mortgage)