Loading...
Agenda 06/11/2019 Item #16D 9 (Satisfaction of Mortgage)06/11/2019 EXECUTIVE SUMMARY Recommendation to approve one (1) satisfaction of mortgage for a State Housing Initiatives Partnership Loan Program and authorize a Budget Amendment recognizing program income in the amount of $20,250. 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 toward 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 a payoff request 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 06-072 Hickel Blaise and Witnie Garcon, Husband and Wife 4/20/2007 04/27/2007 OR 4220 PG 1882 $20,250 $20,250 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 $20,250 satisfies the mortgage amount due to the recapture provision as noted above. The repayment is considered program income. $20,250 was deposited in SHIP Grant Fund (791), Project 33569. Deposited funds will be used for eligible SHIP activities. The Budget Amendment recognizes $20,250 in program income (of which five percent (5%) will be used as Administrative funds) and is available in SHIP Grant Fund (791), Project 33569. The $10 recording fee was paid by the 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 Chairman to sign one (1) satisfaction of mortgage for a State Housing Initiatives Partnership Loan Program and authorize a Budget Amendment recognizing program income in the amount of $20,250. Prepared By: Jason Rummer, Operations Analyst, Community and Human Services Division. 16.D.9 Packet Pg. 1452 06/11/2019 ATTACHMENT(S) 1. SHIP 2ND MORTG LOAN HICKEL BLAISE & WITNIE GARCON 05.03.19 BCC 06.25.19 (PDF) 2. SOM SHIP HICKEL GARCON BCC 06.11.2019 (PDF) 3. SHIP PAYOFF CHECK HICKEL BLAISE & WITNIE GARCON 05.03.19 BCC 06.25.19 (PDF) 4. SAP Blaise Leslie bw BCC 06.11.2019 (PDF) 16.D.9 Packet Pg. 1453 06/11/2019 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.9 Doc ID: 9001 Item Summary: Recommendation to approve one (1) satisfaction of mortgage for a State Housing Initiatives Partnership Loan Program and authorize a Budget Amendment recognizing program income in the amount of $20,250. Meeting Date: 06/11/2019 Prepared by: Title: Operations Analyst – Public Transit & Neighborhood Enhancement Name: Jason Rummer 05/15/2019 12:08 PM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 05/15/2019 12:08 PM Approved By: Review: Community & Human Services Susan Golden Additional Reviewer Completed 05/20/2019 1:25 PM Community & Human Services Kristi Sonntag CHS Review Completed 05/20/2019 1:37 PM Community & Human Services Cormac Giblin Additional Reviewer Completed 05/20/2019 1:48 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 05/21/2019 11:26 AM Public Services Department Kimberley Grant Level 1 Reviewer Completed 05/21/2019 12:08 PM Public Services Department Todd Henry Level 1 Division Reviewer Completed 05/21/2019 2:19 PM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 05/28/2019 8:18 AM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 05/31/2019 2:10 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 05/31/2019 2:23 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 05/31/2019 2:48 PM Grants Therese Stanley Additional Reviewer Completed 06/01/2019 8:38 AM Budget and Management Office Ed Finn Additional Reviewer Completed 06/02/2019 12:27 PM County Manager's Office Heather Yilmaz Level 4 County Manager Review Completed 06/03/2019 12:23 PM Board of County Commissioners MaryJo Brock Meeting Pending 06/11/2019 9:00 AM 16.D.9 Packet Pg. 1454 16.D.9.a Packet Pg. 1455 Attachment: SHIP 2ND MORTG LOAN HICKEL BLAISE & WITNIE GARCON 05.03.19 BCC 06.25.19 (9001 : SHIP Satisfaction of Mortgage) 16.D.9.a Packet Pg. 1456 Attachment: SHIP 2ND MORTG LOAN HICKEL BLAISE & WITNIE GARCON 05.03.19 BCC 06.25.19 (9001 : SHIP Satisfaction of Mortgage) 16.D.9.a Packet Pg. 1457 Attachment: SHIP 2ND MORTG LOAN HICKEL BLAISE & WITNIE GARCON 05.03.19 BCC 06.25.19 (9001 : SHIP Satisfaction of Mortgage) 16.D.9.bPacket Pg. 1458Attachment: SOM SHIP HICKEL GARCON BCC 06.11.2019 (9001 : SHIP Satisfaction of Mortgage) 16.D.9.c Packet Pg. 1459 Attachment: SHIP PAYOFF CHECK HICKEL BLAISE & WITNIE GARCON 05.03.19 BCC 06.25.19 (9001 : SHIP Satisfaction of Mortgage) 16.D.9.d Packet Pg. 1460 Attachment: SAP Blaise Leslie bw BCC 06.11.2019 (9001 : SHIP Satisfaction of Mortgage)