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Agenda 10/22/2019 Item #16D 3 (Satisfaction of Mortgage)10/22/2019 EXECUTIVE SUMMARY Recommendation to approve one (1) Satisfaction of Mortgage for the State Housing Initiatives Partnership loan program in the amount of $4,500. (Net Fiscal impact of $4,500) OBJECTIVE: To support the affordability of housing in Collier County through the 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 homebuyers 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 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 09-393 Jose R. Portillo and Rhina E. Diaz August 18, 2011 August 29, 2011 OR4714/PG531 $4,500 $4,500 Total $4,500 $4,500 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 $4,500 satisfies the mortgage amount due to the recapture provision as noted above. The repayment was deposited in SHIP Grant Fund (791), Project 33569. These funds are considered program income and may be used for eligible SHIP activities. This program income was previously recognized (Action Item 8663 at the May 14, 2019 Board of County Commissioners (Board) meeting). The $10 recording fee was paid by the party. 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 one (1) satisfaction of mortgage for the State Housing Initiatives Partnership loan program in the amount of $4,500. Prepared By: Susan Golden, Senior Grants and Housing Coordinator, Community and Human Services Division ATTACHMENT(S) 1. Corrected SOM support docs 10.15.19 (PDF) 16.D.3 Packet Pg. 2240 10/22/2019 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.3 Doc ID: 10246 Item Summary: Recommendation to approve one (1) Satisfaction of Mortgage for the State Housing Initiatives Partnership (SHIP) loan program in the amount of $4,500. (Net Fiscal Impact of $4,500). Meeting Date: 10/22/2019 Prepared by: Title: – Community & Human Services Name: Susan Golden 09/23/2019 3:35 PM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 09/23/2019 3:35 PM Approved By: Review: Community & Human Services Lisa Carr Additional Reviewer Completed 09/23/2019 4:34 PM Community & Human Services Leslie Davis Additional Reviewer Completed 09/24/2019 12:55 PM Community & Human Services Kristi Sonntag CHS Review Completed 09/24/2019 1:14 PM Community & Human Services Cormac Giblin Additional Reviewer Completed 09/25/2019 12:49 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 10/01/2019 6:03 PM Public Services Department Kimberley Grant Level 1 Reviewer Completed 10/08/2019 9:30 AM Public Services Department Todd Henry Level 1 Division Reviewer Completed 10/08/2019 12:29 PM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 10/08/2019 2:09 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 10/10/2019 9:05 AM Office of Management and Budget Laura Wells Level 3 OMB Gatekeeper Review Completed 10/10/2019 9:30 AM County Attorney's Office Scott Teach Level 3 County Attorney's Office Review Completed 10/10/2019 10:53 AM Grants Therese Stanley Additional Reviewer Completed 10/10/2019 3:47 PM Budget and Management Office Ed Finn Additional Reviewer Completed 10/10/2019 5:58 PM County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 10/14/2019 10:57 AM Board of County Commissioners MaryJo Brock Meeting Pending 10/22/2019 9:00 AM 16.D.3 Packet Pg. 2241 16.D.3.a Packet Pg. 2242 Attachment: Corrected SOM support docs 10.15.19 (10246 : Satisfaction of SHIP Mortgage) 16.D.3.a Packet Pg. 2243 Attachment: Corrected SOM support docs 10.15.19 (10246 : Satisfaction of SHIP Mortgage) 16.D.3.a Packet Pg. 2244 Attachment: Corrected SOM support docs 10.15.19 (10246 : Satisfaction of SHIP Mortgage) 16.D.3.a Packet Pg. 2245 Attachment: Corrected SOM support docs 10.15.19 (10246 : Satisfaction of SHIP Mortgage) 16.D.3.a Packet Pg. 2246 Attachment: Corrected SOM support docs 10.15.19 (10246 : Satisfaction of SHIP Mortgage) 16.D.3.a Packet Pg. 2247 Attachment: Corrected SOM support docs 10.15.19 (10246 : Satisfaction of SHIP Mortgage) 16.D.3.a Packet Pg. 2248 Attachment: Corrected SOM support docs 10.15.19 (10246 : Satisfaction of SHIP Mortgage) 16.D.3.a Packet Pg. 2249 Attachment: Corrected SOM support docs 10.15.19 (10246 : Satisfaction of SHIP Mortgage) 16.D.3.a Packet Pg. 2250 Attachment: Corrected SOM support docs 10.15.19 (10246 : Satisfaction of SHIP Mortgage)