Staff recommends the City Commission approve the Satisfaction of Mortgage and acknowledge full payment of said note.
& Mrs. Wright
received a Community Development Block Grant (CDBG) Rehabilitation Program
Deferred Payment Loan of $43,400.00 on November 30, 2000. Mr. &
Mrs. Wright were awarded the funding to rehabilitate their home based on
program criteria and a commitment to stay in the home during the 5
the loan period ended November 30,
Mr. & Mrs.
family is requesting a satisfaction of mortgage.
1. Approve Resolution accepting the Satisfaction of Mortgage; or
2. Such alternative action as the Commission may deem appropriate
Department: Housing & Eco. Dev.
Prepared by: Tracie Hodge
Attachments: Yes X No ______
Advertised: ____Not Required X
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF No. ______________________
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
LEESBURG, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE A
LEROY AND MARGARET WRIGHT TO PROVIDE A
SATISFACTION OF MORTGAGE GIVEN TO SECURE A HOUSING REHABILITATION
LOAN; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the Mayor and City Clerk are hereby authorized to
n agreement with
Wright whose address is 504 Goss Avenue,
Leesburg, Florida, for the
purpose of satisfying a mortgage given to secure a housing rehabilitation loan.
THAT this resolution shall become effective immediately.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the 12th day of June 2006.