Loading...
Agenda 06/09/2020 Item #16D 2 (Three (3) SHIP Mortgage Satisfactions)06/09/2020 EXECUTIVE SUMMARY Recommendation to approve and authorize the chairman to sign three (3) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $30,500 and approve the associated Budget Amendment. OBJECTIVE: To support the affordability of housing in Collier County through the State Housing Initiatives Partnership (SHIP) down payment and emergency repair and/or rehabilitation assistance programs. CONSIDERATIONS: SHIP, a state affordable housing program, offers assistance to first-time homebuyers for use toward 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. Resolution No. 18-58 provides that in the event of the death of the borrowers, all debt will be forgiven for all affordable housing programs administered by Collier County Community and Human Services Division (CHS). A Certificate of Death for Ms. Kristin Heddy has been provided to CHS. The following table provides details regarding the associated mortgages that have been repaid in full and those that have been forgiven. As such, satisfactions of mortgages are required. File # Name Public Record Mortgage Amount Payoff Amount 04-069 Kristin Heddy (Deceased) OR 3487/PG0416 $7,500 $0 09-288 Michael D. Drum and Breanne L. Drum OR 4615 PG3416 $3,000 $3,000 11-030 Micheline Olibrice OR 4859 PG 1601 $20,000 $20,000 Total $30,500 $23,000 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 $23,000 satisfies the payoff amounts. These repayments are considered program income and have been deposited in SHIP Grant Fund (791), Project 33613. Deposited funds will be used for SHIP eligible activities. The Budget Amendment recognizes $23,000 in program income, of which five percent (5%) will be used as Administrative funds. Recording fees of $10 per Satisfaction of Mortgage have been paid by the homeowners. The additional $10 paid for the Drum mortgage will be refunded to the homeowner. The $10 recording fee for the forgiven loan will be paid by SHIP Grant Fund (791), Project 33613. 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 authorize the Chairman to sign three (3) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $3 0,500 and approve the associated Budget Amendment. 16.D.2 Packet Pg. 1035 06/09/2020 Prepared By: Lisa N. Carr, Senior Grants Coordinator, Community & Human Services Division ATTACHMENT(S) 1. Three (3) Satisfactions of Mortgage (PDF) 2. Backup Docs-Heddy (Deceased) - flat (PDF) 3. Backup Docs-Drum (PDF) 4. Backup Docs-Olibrice (PDF) 16.D.2 Packet Pg. 1036 06/09/2020 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.2 Doc ID: 12356 Item Summary: Recommendation to approve and authorize the chairman to sign three (3) mortgage satisfactions for the State Housing Initiatives Partnership loan program in the amount of $30,500 and approve the associated Budget Amendment. Meeting Date: 06/09/2020 Prepared by: Title: Grants Coordinator – Community & Human Services Name: Lisa Carr 05/08/2020 9:34 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 05/08/2020 9:34 AM Approved By: Review: Community & Human Services Leslie Davis Additional Reviewer Completed 05/11/2020 2:18 PM Community & Human Services Cormac Giblin Additional Reviewer Completed 05/14/2020 3:09 PM Community & Human Services Kristi Sonntag CHS Review Completed 05/15/2020 4:06 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 05/19/2020 11:23 AM Operations & Veteran Services Kimberley Grant Level 1 Reviewer Completed 05/19/2020 4:00 PM Public Services Department Todd Henry Level 1 Division Reviewer Completed 05/20/2020 3:25 PM Grants Erica Robinson Level 2 Grants Review Completed 05/20/2020 3:45 PM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 05/23/2020 10:43 AM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 05/27/2020 2:23 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 05/27/2020 2:36 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 05/27/2020 2:40 PM Budget and Management Office Ed Finn Additional Reviewer Completed 05/28/2020 5:25 PM Grants Therese Stanley Additional Reviewer Completed 06/01/2020 12:10 PM County Manager's Office Geoffrey Willig Level 4 County Manager Review Completed 06/01/2020 1:20 PM Board of County Commissioners MaryJo Brock Meeting Pending 06/09/2020 9:00 AM 16.D.2 Packet Pg. 1037 16.D.2.a Packet Pg. 1038 Attachment: Three (3) Satisfactions of Mortgage (12356 : SHIP SOM) 16.D.2.a Packet Pg. 1039 Attachment: Three (3) Satisfactions of Mortgage (12356 : SHIP SOM) 16.D.2.a Packet Pg. 1040 Attachment: Three (3) Satisfactions of Mortgage (12356 : SHIP SOM) 16.D.2.b Packet Pg. 1041 Attachment: Backup Docs-Heddy (Deceased) - flat (12356 : SHIP SOM) 16.D.2.b Packet Pg. 1042 Attachment: Backup Docs-Heddy (Deceased) - flat (12356 : SHIP SOM) 16.D.2.b Packet Pg. 1043 Attachment: Backup Docs-Heddy (Deceased) - flat (12356 : SHIP SOM) 16.D.2.b Packet Pg. 1044 Attachment: Backup Docs-Heddy (Deceased) - flat (12356 : SHIP SOM) 16.D.2.c Packet Pg. 1045 Attachment: Backup Docs-Drum (12356 : SHIP SOM) 16.D.2.c Packet Pg. 1046 Attachment: Backup Docs-Drum (12356 : SHIP SOM) 16.D.2.c Packet Pg. 1047 Attachment: Backup Docs-Drum (12356 : SHIP SOM) 16.D.2.c Packet Pg. 1048 Attachment: Backup Docs-Drum (12356 : SHIP SOM) 16.D.2.c Packet Pg. 1049 Attachment: Backup Docs-Drum (12356 : SHIP SOM) 16.D.2.c Packet Pg. 1050 Attachment: Backup Docs-Drum (12356 : SHIP SOM) 16.D.2.d Packet Pg. 1051 Attachment: Backup Docs-Olibrice (12356 : SHIP SOM) 16.D.2.d Packet Pg. 1052 Attachment: Backup Docs-Olibrice (12356 : SHIP SOM) 16.D.2.d Packet Pg. 1053 Attachment: Backup Docs-Olibrice (12356 : SHIP SOM) 16.D.2.d Packet Pg. 1054 Attachment: Backup Docs-Olibrice (12356 : SHIP SOM) 16.D.2.d Packet Pg. 1055 Attachment: Backup Docs-Olibrice (12356 : SHIP SOM) 16.D.2.d Packet Pg. 1056 Attachment: Backup Docs-Olibrice (12356 : SHIP SOM) 16.D.2.d Packet Pg. 1057 Attachment: Backup Docs-Olibrice (12356 : SHIP SOM) 16.D.2.d Packet Pg. 1058 Attachment: Backup Docs-Olibrice (12356 : SHIP SOM)