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Agenda 02/23/2021 Item #16D 6 (SHIP Mortgage Satisfactions)02/23/2021 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 $38,000 and the associated Budget Amendment. (Net Fiscal Impact $13,332) 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: 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). The Certificate of Death for the deceased has been provided to CHS. The following table provides details regarding the associated mortgages that have been repaid and thos e that have been forgiven. As such, satisfaction of mortgages is required. File # Name Public Record Mortgage Amount Payoff Amount N/A Daisy Cannon OR 2724/PG 1442 $15,000 $0 09-328 Ana C. Villegas Villagomez OR 4661/PG 1850 $3,000 $0 (deceased) 11-005 Katerine Rendon & Yeison Vargas-Lopez OR 4807/PG 2873 $20,000 $13,332* Total $38,000 $13,332 *Mortgage provides that loan is forgivable in 3 equal parts of 5 years each. 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 $13,332 satisfies the payoff amount. This repayment is considered program income and has been deposited in SHIP Grant Fund (791), Project 33686. Deposited funds will be used for SHIP eligible activities. The Budget Amendment recognizes $13,332 in program income, of which five percent (5%) will be used as Administrative funds and will be signed following board approval. A Recording fee of $10 has been paid by the homeowners. The $10 recording fees for Cannon and Villegas will be paid by SHIP Grant Fund (791), Project 33686. 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 $38,000 and approve the 16.D.6 Packet Pg. 955 02/23/2021 associated Budget Amendment. Prepared By: Lisa N. Carr, Senior Grants Coordinator, Community & Human Services Division ATTACHMENT(S) 1. SOM-Cannon (PDF) 2. SOM-Villagomez (PDF) 3. SOM-Vargas Lopez (PDF) 4. Backuo Docs SOM - Cannon (PDF) 5. Backup Docs SOM - Villegas (PDF) 6. Backup Docs SOM - Rendon & Vargas (PDF) 7. SAP $13,332 02.23.21 (PDF) 16.D.6 Packet Pg. 956 02/23/2021 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.6 Doc ID: 14869 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 $38,000 and the associated Budget Amendment. Meeting Date: 02/23/2021 Prepared by: Title: Grants Coordinator – Community & Human Services Name: Lisa Carr 01/27/2021 5:03 PM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 01/27/2021 5:03 PM Approved By: Review: Community & Human Services Leslie Davis Additional Reviewer Completed 01/28/2021 8:40 AM Community & Human Services Kristi Sonntag CHS Review Completed 01/28/2021 9:25 AM Community & Human Services Maggie Lopez Additional Reviewer Completed 01/28/2021 10:17 AM Operations & Veteran Services Kimberley Grant Additional Reviewer Completed 01/28/2021 12:11 PM Public Services Department Todd Henry Public Services Deapartment Completed 01/28/2021 12:31 PM Public Services Department James C French PSD Dept Head Review Completed 01/28/2021 3:12 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 01/28/2021 3:28 PM Grants Erica Robinson Level 2 Grants Review Completed 02/01/2021 1:18 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 02/01/2021 1:41 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 02/01/2021 2:58 PM Budget and Management Office Ed Finn Additional Reviewer Completed 02/01/2021 4:13 PM Grants Therese Stanley Additional Reviewer Completed 02/03/2021 12:33 PM County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 02/06/2021 2:06 PM Board of County Commissioners MaryJo Brock Meeting Pending 02/23/2021 9:00 AM 16.D.6 Packet Pg. 957 16.D.6.a Packet Pg. 958 Attachment: SOM-Cannon (14869 : SHIP SOM) 16.D.6.b Packet Pg. 959 Attachment: SOM-Villagomez (14869 : SHIP SOM) 16.D.6.c Packet Pg. 960 Attachment: SOM-Vargas Lopez (14869 : SHIP SOM) 16.D.6.d Packet Pg. 961 Attachment: Backuo Docs SOM - Cannon (14869 : SHIP SOM) 16.D.6.d Packet Pg. 962 Attachment: Backuo Docs SOM - Cannon (14869 : SHIP SOM) 16.D.6.d Packet Pg. 963 Attachment: Backuo Docs SOM - Cannon (14869 : SHIP SOM) 16.D.6.e Packet Pg. 964 Attachment: Backup Docs SOM - Villegas (14869 : SHIP SOM) 16.D.6.e Packet Pg. 965 Attachment: Backup Docs SOM - Villegas (14869 : SHIP SOM) 16.D.6.e Packet Pg. 966 Attachment: Backup Docs SOM - Villegas (14869 : SHIP SOM) 16.D.6.e Packet Pg. 967 Attachment: Backup Docs SOM - Villegas (14869 : SHIP SOM) 16.D.6.e Packet Pg. 968 Attachment: Backup Docs SOM - Villegas (14869 : SHIP SOM) 16.D.6.e Packet Pg. 969 Attachment: Backup Docs SOM - Villegas (14869 : SHIP SOM) 16.D.6.f Packet Pg. 970 Attachment: Backup Docs SOM - Rendon & Vargas (14869 : SHIP SOM) 16.D.6.f Packet Pg. 971 Attachment: Backup Docs SOM - Rendon & Vargas (14869 : SHIP SOM) 16.D.6.f Packet Pg. 972 Attachment: Backup Docs SOM - Rendon & Vargas (14869 : SHIP SOM) 16.D.6.f Packet Pg. 973 Attachment: Backup Docs SOM - Rendon & Vargas (14869 : SHIP SOM) 16.D.6.f Packet Pg. 974 Attachment: Backup Docs SOM - Rendon & Vargas (14869 : SHIP SOM) 16.D.6.f Packet Pg. 975 Attachment: Backup Docs SOM - Rendon & Vargas (14869 : SHIP SOM) 16.D.6.f Packet Pg. 976 Attachment: Backup Docs SOM - Rendon & Vargas (14869 : SHIP SOM) 16.D.6.f Packet Pg. 977 Attachment: Backup Docs SOM - Rendon & Vargas (14869 : SHIP SOM) 16.D.6.f Packet Pg. 978 Attachment: Backup Docs SOM - Rendon & Vargas (14869 : SHIP SOM) 16.D.6.gPacket Pg. 979Attachment: SAP $13,332 02.23.21 (14869 : SHIP SOM)