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Agenda 05/28/2019 Item #16D 1 (SHIP Mortgage Satisfaction - Berrette)05/28/2019 EXECUTIVE SUMMARY Recommendation to approve and sign one mortgage satisfaction 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 and emergency repair and/or rehabilitation assistance programs. CONSIDERATIONS: The SHIP Program, a state affordable housing program, offers assistance to first - time homebuyers for use towards a portion of the required down-payment and emergency repairs to the newly acquired home, and rehabilitation assistance to homeowners for rehabilitation to their homesteaded property. As a condition of award, the homeowner must repay the assistance provided upon sale, refinance, or loss of homestead exemption. The following table provides details regarding the associated mortgage that has been repaid in full. As such, satisfaction of mortgage is required. File # Name Security Instrument Mortgage Amount Payoff Amount Public Record 00-387 Renel Berrette & Betie Berrette, SHIP DPCC Mortgage $2,500 $2,500 OR2681/PG1117 Total $2,500 $2,500 Approval of this Item will authorize the Chairman to sign the aforementioned satisfaction of mortgage and the executed document shall be recorded in the Public Records of Collier County, Florida. FISCAL IMPACT: The repaid amount of $2,500 satisfies the payoff amount. This repayment is considered program income and has been deposited in SHIP Grant Fund (791), Project 33569, and may be reused for eligible SHIP activities. The $10 recording fee will be paid by SHIP Grant Fund (791), Project 33569. LEGAL CONSIDERATIONS: This Item is approved for form and legality and required a majority vote for Board approval. -JAB GROWTH MANAGEMENT IMPACT: There is no Growth Management impact. RECOMMENDATION: To approve and sign one mortgage satisfaction for the State Housing Initiatives Partnership loan program in the amount of $2,500. Prepared By: Elizabeth Hernandez, GCU Operations Analyst, Community & Human Services Division ATTACHMENT(S) 1. Satisfaction of Mortgage BERRETTE (PDF) 2. MORTGAGE - BERRETTE (PDF) 3. SAP Backup, Satisfaction of Mortgage, Down Payment Assistance, Berrette (PDF) 16.D.1 Packet Pg. 878 05/28/2019 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.1 Doc ID: 8743 Item Summary: Recommendation to approve and sign one mortgage satisfaction for the State Housing Initiatives Partnership Loan Program in the amount of $2,500. Meeting Date: 05/28/2019 Prepared by: Title: – Community & Human Services Name: Elizabeth Hernandez 04/24/2019 9:10 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 04/24/2019 9:10 AM Approved By: Review: Community & Human Services Leslie Davis Additional Reviewer Completed 04/24/2019 9:22 AM Community & Human Services Cormac Giblin Additional Reviewer Completed 04/29/2019 2:01 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 04/30/2019 8:09 AM Community & Human Services Kristi Sonntag CHS Review Completed 04/30/2019 2:27 PM Public Services Department Kimberley Grant Level 1 Reviewer Completed 05/03/2019 9:03 AM Public Services Department Todd Henry Level 1 Division Reviewer Completed 05/03/2019 12:15 PM Grants Erica Robinson Level 2 Grants Review Completed 05/06/2019 1:21 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 05/14/2019 10:54 AM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 05/14/2019 11:37 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 05/15/2019 1:22 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 05/15/2019 4:59 PM Budget and Management Office Ed Finn Additional Reviewer Completed 05/17/2019 12:57 PM Grants Therese Stanley Additional Reviewer Completed 05/17/2019 1:18 PM County Manager's Office Geoffrey Willig Level 4 County Manager Review Completed 05/20/2019 8:55 AM Board of County Commissioners MaryJo Brock Meeting Pending 05/28/2019 9:00 AM 16.D.1 Packet Pg. 879 16.D.1.a Packet Pg. 880 Attachment: Satisfaction of Mortgage BERRETTE (8743 : Satisfaction of Mortgage - SHIP Berrette) 16.D.1.b Packet Pg. 881 Attachment: MORTGAGE - BERRETTE (8743 : Satisfaction of Mortgage - SHIP Berrette) 16.D.1.b Packet Pg. 882 Attachment: MORTGAGE - BERRETTE (8743 : Satisfaction of Mortgage - SHIP Berrette) 16.D.1.b Packet Pg. 883 Attachment: MORTGAGE - BERRETTE (8743 : Satisfaction of Mortgage - SHIP Berrette) 16.D.1.cPacket Pg. 884Attachment: SAP Backup, Satisfaction of Mortgage, Down Payment Assistance, Berrette (8743 : Satisfaction of Mortgage - SHIP Berrette)