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Agenda 05/14/2019 Item #16D 1 (Satisfaction of Mortgage)05/14/2019 EXECUTIVE SUMMARY Recommendation to approve one (1) satisfaction of mortgage for the State Housing Initiatives Partnership Loan Program in the amount of $2,500. OBJECTIVE: To support the affordability of housing in Collier County through State Housing Initiatives Partnership (SHIP) down payment, emergency repair, and/or rehabilitation assistance programs. CONSIDERATIONS: SHIP, a state affordable housing program, provides assistance to first-time home buyers for use towards a portion of the required down-payment and emergency repairs to 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 received payoff request and payment for the property listed below. The mortgage has been paid and the loan is satisfied. File # Name Date Mortgage Signed Recording Date Mortgage OR Book & Page Mortgage Amount Payoff Amount 02-023 FRANCISCA DE LA CRUZ 08.30.2001 OR:2884, PG:0178 $2,500 $2,500 Total $2,500 $2,500 Approval of this Item will authorize the Chairman to sign the satisfaction of mortgage and the executed documents shall be recorded in the Public Records of Collier County, Florida. FISCAL IMPACT: The repaid amount of $2,500 satisfies the mortgage amount due to the recapture provision as noted above. The repayment is considered program income. $2,500 was deposited in SHIP Grant Fund (791), Project 33569. Deposited funds will be used for eligible SHIP activities. The $10 recording fee for De La Cruz was paid by the homeowner. LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote for Board of 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 one (1) satisfaction of mortgage for the State Housing Initiatives Partnership Loan Program in the amount of $2,500. Prepared By: Jason Rummer, Operations Analyst, Community and Human Services Division ATTACHMENT(S) 1. EXSUM SHIP SOM CAO REVIEWED DE LA CRUZ 04.24.2019 (PDF) 2. SAP backup for DeLaCruz LISA CARR 04.11.2019 (PDF) 3. PAYOFF LETTER De La Cruz 04.22.19 (PDF) 4. ORIGINAL MORT OR 2884 PG 0178 SHIP DE LA CRUZ 04.24.2019 (PDF) 5. SOM CAO REVIEWED SHIP DE LA CRUZ 04.24.2019 (PDF) 16.D.1 Packet Pg. 1373 05/14/2019 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.1 Doc ID: 8702 Item Summary: Recommendation to approve one (1) satisfaction of mortgage for the State Housing Initiatives Partnership Loan Program in the amount of $2,500. Meeting Date: 05/14/2019 Prepared by: Title: Operations Analyst – Public Transit & Neighborhood Enhancement Name: Jason Rummer 04/18/2019 2:35 PM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 04/18/2019 2:35 PM Approved By: Review: Community & Human Services Kristi Sonntag CHS Review Completed 04/23/2019 10:00 AM Community & Human Services Leslie Davis Additional Reviewer Completed 04/23/2019 10:09 AM Community & Human Services Lisa Carr Additional Reviewer Completed 04/23/2019 10:10 AM Community & Human Services Cormac Giblin Additional Reviewer Completed 04/23/2019 1:59 PM Public Services Department Kimberley Grant Level 1 Reviewer Completed 04/23/2019 5:14 PM Public Services Department Todd Henry Level 1 Division Reviewer Completed 04/24/2019 8:52 AM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 04/24/2019 12:58 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 04/29/2019 10:59 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 04/29/2019 11:06 AM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 04/30/2019 5:17 PM Budget and Management Office Ed Finn Additional Reviewer Completed 05/01/2019 4:55 PM County Manager's Office Heather Yilmaz Level 4 County Manager Review Completed 05/07/2019 7:14 AM Board of County Commissioners MaryJo Brock Meeting Pending 05/14/2019 9:00 AM 16.D.1 Packet Pg. 1374 16.D.1.a Packet Pg. 1375 Attachment: EXSUM SHIP SOM CAO REVIEWED DE LA CRUZ 04.24.2019 (8702 : SHIP SATISFACTION OF MORTGAGE) 16.D.1.b Packet Pg. 1376 Attachment: SAP backup for DeLaCruz LISA CARR 04.11.2019 (8702 : SHIP SATISFACTION OF MORTGAGE) March 20, 2019 Judith Wise Threkleld & Cetrangelo, Attorneys at Law 3003 Tamiami Trail N. Suite 200 Naples, FL 34103 Re: Payoff Letter-Francisca De La Cruz 5242 Texas Ave, Naples, FL 34113 File #02-023 Mortgage Type Date Recorded OR Book/Page Total Amount Due Collier County SHIP Mortgage 08/30/2001 2884/0178 $2,500.00 No payment will be required until the property is sold, transferred, refinanced, no longer Homesteaded, or is no longer the primary residence of the homebuyer. At that time the balance of the loan is due and payable. Payment should be made to “Collier County Board of County Commissioners” and delivered to: Community & Human Services Division Attn: SHIP Payoff 3339 E. Tamiami Trail, Suite 211 Naples, FL 34112 Please include a separate check in the amount of $10.00 for each payoff amount made payable to: Collier County Board of County Commissioners for the cost of recording. Thank you. Sincerely, Lisa N. Carr Lisa N. Carr Senior Grants Coordinator Community and Human Services Making Our Community Stronger; One life, One Home, One Project a Time lisa.carr@colliercountyfl.gov 16.D.1.c Packet Pg. 1377 Attachment: PAYOFF LETTER De La Cruz 04.22.19 (8702 : SHIP SATISFACTION OF MORTGAGE) 16.D.1.d Packet Pg. 1378 Attachment: ORIGINAL MORT OR 2884 PG 0178 SHIP DE LA CRUZ 04.24.2019 (8702 : SHIP SATISFACTION OF MORTGAGE) 16.D.1.d Packet Pg. 1379 Attachment: ORIGINAL MORT OR 2884 PG 0178 SHIP DE LA CRUZ 04.24.2019 (8702 : SHIP SATISFACTION OF MORTGAGE) 16.D.1.d Packet Pg. 1380 Attachment: ORIGINAL MORT OR 2884 PG 0178 SHIP DE LA CRUZ 04.24.2019 (8702 : SHIP SATISFACTION OF MORTGAGE) 16.D.1.e Packet Pg. 1381 Attachment: SOM CAO REVIEWED SHIP DE LA CRUZ 04.24.2019 (8702 : SHIP SATISFACTION OF MORTGAGE)