Agenda 05/23/2017 Item #16D 205/23/2017
EXECUTIVE SUMMARY
Recommendation to approve four mortgage satisfactions for the State Housing Initiatives
Partnership (SHIP) loan program in the combined amount of $72,556.10.
OBJECTIVE: To support the affordability of housing in Collier County through SHIP down payment,
emergency repair, and rehabilitation assistance programs.
CONSIDERATIONS: The SHIP, 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 the award, the homeowner must repay the assistance provided upon sale, refinance, or loss of
homestead exemption.
The following table provides details regarding the associated mortgages that have been repaid in full. As
such, satisfactions of mortgages are required. Ms. Garcia and Ms. Pena were required to repay the loan
because they lost their homestead exemption. Mr. and Mrs. Stone refinanced their home. Ms. Sidbury
sold her home.
File # Name Security Instrument Mortgage
Amount
Payoff
Amount
Public Record
00-322 Araceli Garcia SHIP DPCC Mortgage $2,500.00 $2,500.00 OR2669PG2645
08-147 Mariela Pena SHIP DPCC Mortgage $20,250.00 $20,250.00 OR4402PG1496
11-089 Vance Howard
& Xantippi
Rebecca Stone
SHIP DPCC Mortgage $20,000.00 $20,000.00 OR4896PG461
08-005R Lori Sidbury SHIP Owner Occupied
Rehab Mortgage
$29,806.10 $19,880.67* OR4411PG1738
TOTAL $72,556.10 $62,630.67
*On May 30, 2008, OR Book 4365 Page 2484 a mortgage was recorded to Lori S. Sidbury, in the amount of
$30,000.00 for Owner Occupied Rehabilitation. On November 10, 2008, OR Book 4411, Page 1738 a
mortgage modification was recorded for $29,806.10 to reflect actual expenditure. The term of the loan is
fifteen years, and one-third of the loan is forgiven every five years. Therefore, the payment received is
$19,880.67.
Approval of this item will authorize the Chairman to sign the attached satisfactions of mortgage, and
the executed documents shall be recorded in the Public Records of Collier County, Florida.
FISCAL IMPACT: The repaid amount of $62,630.67 satisfies the mortgage amount due to the recapture
provision as noted above and emergency rehabilitation funds expended. These repayments are considered
program income and were deposited in SHIP Grant Fund 791 , Project 33467, and may be reused for
eligible SHIP activities. Two $10 recording fees will be paid by Habitat for Humanity, one by the
homeowner, and one by the administrative account.
GROWTH MANAGEMENT IMPACT: There is no growth management impact.
LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote
16.D.2
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for Board approval.-JAB
RECOMMENDATION: To approve and authorize the Chairman to sign four mortgage satisfactions
for owner-occupied affordable housing units for which repayment in full has been provided to Collier
County.
Prepared By: Elizabeth Hernandez, SHIP Grant Support Specialist, Community & Human Services
Division
ATTACHMENT(S)
1. SATISFACTION OF MORTGAGE (4) (PDF)
2. Mortgages (4) (PDF)
3. Lori S. Sidbury Mortgage BK4365PG2484 (PDF)
4. SAP BACKUP SOM BCC 5.23.17 (PDF)
16.D.2
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05/23/2017
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.2
Doc ID: 3148
Item Summary: Recommendation to approve four mortgage satisfactions for the State Housing
Initiatives Partnership (SHIP) loan program in the combined amount of $72,556.10.
Meeting Date: 05/23/2017
Prepared by:
Title: – Community & Human Services
Name: Elizabeth Hernandez
05/03/2017 9:19 AM
Submitted by:
Title: Division Director - Cmnty & Human Svc – Public Services Department
Name: Kimberley Grant
05/03/2017 9:19 AM
Approved By:
Review:
Community & Human Services Leslie Davis Additional Reviewer Completed 05/03/2017 2:45 PM
Public Services Department Joshua Hammond Additional Reviewer Completed 05/08/2017 8:37 AM
Public Services Department Kimberley Grant Additional Reviewer Completed 05/08/2017 10:06 AM
Community & Human Services Maggie Lopez Additional Reviewer Completed 05/08/2017 11:08 AM
Public Services Department Sean Callahan Additional Reviewer Completed 05/08/2017 12:06 PM
Public Services Department Hailey Margarita Alonso Level 1 Division Reviewer Completed 05/09/2017 10:49 AM
Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 05/09/2017 11:05 AM
County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 05/09/2017 11:40 AM
Grants Erica Robinson Level 2 Grants Review Completed 05/09/2017 1:31 PM
Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 05/10/2017 9:52 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 05/11/2017 7:29 AM
Budget and Management Office Ed Finn Additional Reviewer Completed 05/11/2017 4:38 PM
Grants Therese Stanley Additional Reviewer Completed 05/12/2017 5:12 PM
County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 05/14/2017 10:54 PM
Board of County Commissioners MaryJo Brock Meeting Pending 05/23/2017 9:00 AM
16.D.2
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16.D.2.a
Packet Pg. 634 Attachment: SATISFACTION OF MORTGAGE (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 635 Attachment: SATISFACTION OF MORTGAGE (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 636 Attachment: SATISFACTION OF MORTGAGE (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 637 Attachment: SATISFACTION OF MORTGAGE (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 638 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 639 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 640 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 641 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 642 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 643 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 644 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 645 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 646 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
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Packet Pg. 647 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
16.D.2.b
Packet Pg. 648 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
16.D.2.b
Packet Pg. 649 Attachment: Mortgages (4) (3148 : SHIP SOM (4) BCC 5/23/17)
16.D.2.c
Packet Pg. 650 Attachment: Lori S. Sidbury Mortgage BK4365PG2484 (3148 : SHIP SOM (4) BCC 5/23/17)
16.D.2.c
Packet Pg. 651 Attachment: Lori S. Sidbury Mortgage BK4365PG2484 (3148 : SHIP SOM (4) BCC 5/23/17)
16.D.2.c
Packet Pg. 652 Attachment: Lori S. Sidbury Mortgage BK4365PG2484 (3148 : SHIP SOM (4) BCC 5/23/17)
16.D.2.d
Packet Pg. 653 Attachment: SAP BACKUP SOM BCC 5.23.17 (3148 : SHIP SOM (4) BCC 5/23/17)