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CITY COMMISSION
AGENDA ITEM |
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Department: |
Community Development (PDS) |
Commission Meeting
Date: 05/02/2017 |
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Staff Contact: |
Danelle Dresslar, Community Development Manager |
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Recommendations/Options/Action
Requested: |
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Authorize the Mayor to sign a Release of Mortgage for Noah Rodenbeek & Renee Rodenbeek, 1920 Tennessee. |
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Executive Summary: |
Noah
Rodenbeek & Renee Rodenbeek, 1920 Tennessee, participated in the Comprehensive Housing
Rehabilitation Program in 2011. 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 a portion of this balance. Staff has determined that the appropriate
forgiveness period has passed and all payments have been received for the
above loan(s) that has resulted in a zero balance due to the City. Staff has verified that the mortgage provisions have been
satisfied and the mortgage(s) should be released. |
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Strategic Plan
Critical Success Factor |
Safe, Healthy, and Welcoming Neighborhoods |
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Fiscal Impact
(Amount/Source): |
The fiscal impact to the City is $___0_____. This is a CDBG/HOME Mortgage Note repayment/reassignment
that the City places back into the CDBG/HOME program for future allocation
and use. |
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Attachments: |
None. |
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Reviewed By: (for CMO use only) |
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