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Agenda 01/22/2019 Item #16D 901/22/2019 EXECUTIVE SUMMARY Recommendation to approve three (3) satisfactions of mortgage for the State Housing Initiatives Partnership (SHIP) loan program in the amount of $37,250. OBJECTIVE: To support the affordability of housing in Collier County through the 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 and emergency repairs to the newly acquired home. As a condition of the award, the homeowner must repay the assistance provided upon sale, refinance, or loss of homestead exemption. Community and Humans Services (CHS) staff received payoff request and payments for three (3) properties listed below. The mortgages have been paid and the loans are satisfied. File # Name Date Mortgage Signed Recording Date Mortgage OR Book & Page Mortgage Amount Payoff Amount 03-303 Shimer, Kim L. 12/3/2004 12/9/2004 3693/2181 $10,000 $10,000 04-121 Natan, Asecour & Mauronise 5/26/2004 7/28/2004 3615/0751 $ 2,500 $2,500 08-040 Beaumont, Sarah J. 5/15/2008 5/19/2008 4361/2034 $24,750 $24,267.64* Total $37,250 $36,767.64 *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 than the amount stated on the mortgage. Approval of this Item will authorize the Chairman to sign the satisfactions of mortgage and the executed documents shall be recorded in the Public Records of Collier County, Florida. FISCAL IMPACT: The repaid amount of $36,767.64 satisfies the mortgage amounts due to the recapture provision as noted above. The repayments are considered program income. $36,767.64 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 three (3) parties. LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote for 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 three (3) satisfactions of mortgage for the State Housing Initiatives Partnership (SHIP) loan program in the amount of $37,250. Prepared By: Susan Golden, Sr. Grants and Housing Coordinator, Community and Human Services Division ATTACHMENT(S) 1. CAO stamped initial 3-SOMs (PDF) 16.D.9 Packet Pg. 873 01/22/2019 2. SAP SOM $36767.64 (DOCX) 3. 3-Second Mortgages (PDF) 16.D.9 Packet Pg. 874 01/22/2019 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.9 Doc ID: 7621 Item Summary: Recommendation to approve three (3) satisfactions of mortgage for the State Housing Initiatives Partnership (SHIP) loan program in the amount of $37,250. Meeting Date: 01/22/2019 Prepared by: Title: – Community & Human Services Name: Susan Golden 12/20/2018 4:22 PM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 12/20/2018 4:22 PM Approved By: Review: Community & Human Services Cormac Giblin Additional Reviewer Completed 12/20/2018 4:23 PM Community & Human Services Leslie Davis Additional Reviewer Completed 12/27/2018 11:00 AM Community & Human Services Kristi Sonntag CHS Review Completed 12/28/2018 3:02 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 12/31/2018 8:48 AM Public Services Department Joshua Hammond Level 1 Reviewer Completed 12/31/2018 9:40 AM Public Services Department Todd Henry Level 1 Division Reviewer Completed 12/31/2018 10:07 AM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 12/31/2018 10:24 AM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 12/31/2018 10:38 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 12/31/2018 1:57 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 01/03/2019 10:46 AM Budget and Management Office Ed Finn Additional Reviewer Completed 01/04/2019 10:10 AM County Manager's Office Heather Yilmaz Level 4 County Manager Review Completed 01/14/2019 4:55 PM Board of County Commissioners MaryJo Brock Meeting Pending 01/22/2019 9:00 AM 16.D.9 Packet Pg. 875 16.D.9.aPacket Pg. 876Attachment: CAO stamped initial 3-SOMs (7621 : SHIP Satisfactions of Mortgage) 16.D.9.aPacket Pg. 877Attachment: CAO stamped initial 3-SOMs (7621 : SHIP Satisfactions of Mortgage) 16.D.9.aPacket Pg. 878Attachment: CAO stamped initial 3-SOMs (7621 : SHIP Satisfactions of Mortgage) 16.D.9.b Packet Pg. 879 Attachment: SAP SOM $36767.64 (7621 : SHIP Satisfactions of Mortgage) 16.D.9.c Packet Pg. 880 Attachment: 3-Second Mortgages (7621 : SHIP Satisfactions of Mortgage) 16.D.9.c Packet Pg. 881 Attachment: 3-Second Mortgages (7621 : SHIP Satisfactions of Mortgage) 16.D.9.c Packet Pg. 882 Attachment: 3-Second Mortgages (7621 : SHIP Satisfactions of Mortgage) 16.D.9.c Packet Pg. 883 Attachment: 3-Second Mortgages (7621 : SHIP Satisfactions of Mortgage) 16.D.9.c Packet Pg. 884 Attachment: 3-Second Mortgages (7621 : SHIP Satisfactions of Mortgage) 16.D.9.c Packet Pg. 885 Attachment: 3-Second Mortgages (7621 : SHIP Satisfactions of Mortgage) 16.D.9.c Packet Pg. 886 Attachment: 3-Second Mortgages (7621 : SHIP Satisfactions of Mortgage) 16.D.9.c Packet Pg. 887 Attachment: 3-Second Mortgages (7621 : SHIP Satisfactions of Mortgage) 16.D.9.c Packet Pg. 888 Attachment: 3-Second Mortgages (7621 : SHIP Satisfactions of Mortgage)