Memorandum

City of Lawrence

Planning and Development Services

TO:	Thomas M. Markus,  City Manager
FROM:	Danelle Dresslar, Community Development Manager, Planning and Development Services
CC:	Scott McCullough, Director, Planning and Development Services
DATE:	June 20, 2016
RE:	Mortgage Release

Background:

The following individual(s) participated in a Community Development Division loan program. 

1) Shirley Mae Walker, 2735 Maverick Lane, participated in the Emergency Loan Program in 2005.

2) Kendra E. Hatfield, 1603 Bullene Avenue, participated in the Homeowners Out of Tenants (HOOT) Program in 2005.

3) Roger A. Thomas and Irene H. Thomas, Ethel D. Unfred, Stephen C. Thomas and Virginia L. Thomas, 706 Lincoln Street, participated in the Comprehensive Rehabilitation Program in 1987.

Based on the program the individual(s) participated in, a mortgage was placed on the property.  The balance is due when the property is no longer owner-occupied, however individuals have the option to pay off the loan at any time.  There is also a forgiveness period that, if reached, forgives this balance.  Staff has determined that the forgiveness period has passed for the above loan(s) that has resulted in a zero balance due to the City.

Staff Recommendation:

The mortgage provisions have been satisfied and the mortgage(s) should be released.

Action:

Authorize the Mayor to sign the Release of Mortgage for Shirley Mae Walker, 2735 Maverick Lane.

Authorize the Mayor to sign the Release of Mortgage for Kendra E. Hatfield, 1603 Bullene Avenue.

Authorize the Mayor to sign the Release of Mortgage for Roger A. Thomas and Irene H. Thomas, Ethel D. Unfred, Stephen C. Thomas and Virginia L. Thomas, 706 Lincoln Street.

The City Clerk’s office will have the documents ready for the Mayor's signature.  If you have further questions, please let me know.