Resolution 224-2007
RESOLUTION NO. 224 - 2007
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY,
FLORIDA, RELEASING KENNEm R. SMIm
FROM REPAYMENT OF SIDP HOMEOWNER
REHABILITATION LOAN FUNDS EXPENDED;
APPROVING THE REPAYMENT OF mE FUNDS
EXPENDED FROM mE SHIP HOMEOWNER
REHABILITATION LOAN FROM MONROE
COUNTY HOUSING AUTHORITY
ADMINISTRATION FUNDS, AND APPROVAL
FOR THE MAYOR TO EXECUTE A
SATISFACTION OF MORTGAGE AND
PROMISSORY NOTE TO CANCEL THE $35,000
MORTGAGE AND PROMISSORY NOTE
ERRONEOUSLY RECORDED ON MARCH 20, 2007
IN THE OFFICIAL RECORDS OF MONROE
COUNTY, FLORIDA.
wm:REAS, on July 14, 2006, after being approved and issued a commitment from the
Monroe County SHIP Program for SHIP Homeowner Rehabilitation Loan Funds, the Applicant,
Kenneth R. Smith, executed a Mortgage and Promissory Note in the amount of $35,000 for 100
Palm Lane, Islamorada; and
WHl!:REAS, on July 6, 2006, Check No. 506743 was issued to Thomas Radicchi by
Monroe County in the amount of $275.00 as payment for a complete home inspection requested
by the Monroe County SHIP Program; and
WHEREAS, on July 26, 2006, Check No. 507625 was issued to Keys Roofing, Inc. by
Monroe County in the amount of$311.34 as payment for roof plans; and
WHEREAS, the applicant, Kenneth R. Smith, received a $15,000 grant from CDBG and
no longer required the SHIP Homeowner Rehabilitation Loan funds; and
WHEREAS, a total of $586.34 was expended from this SHIP Homeowner Rehabilitation
Loan; and
WHEREAS, said Mortgage and Promissory Note was erroneously recorded on March
20, 2007, approximately eight months later, in the Official Records of Monroe County, Doc
#1633376, Book #2280, Page #1851-1857; and
WHEREAS, the Monroe County Housing Authority has agreed to re-pay the $586.34
expended from the SHIP Homeowner Rehabilitation Loan from Monroe County Housing
Authority Administration Funds and release Kenneth R. Smith from any obligation related to this
Mortgage; and
WHI~REAS, it is the desire of the Monroe County Board of County Commissioners and
the Monroe County Housing Authority to cancel/satisfy a Mortgage and Promissory Note that
was erroneously recorded in the Official Records of Monroe County, Florida on behalf of
applicant, Kenneth R. Smith, located at 100 Palm Lane, Islamorada, Florida for SHIP
Homeowner Rehabilitation Loan Funds; and
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Monroe County, Florida, that:
1. Kenneth R. Smith is hereby released from re-payment of the funds expended from
the SHIP Homeowner Rehabilitation Loan totaling $586.34.
2. The Monroe County Housing Authority is hereby authorized to re-pay the funds
expended from the SHIP Homeowner Rehabilitation Loan totaling $586.34 from
Monroe County Housing Authority administrative funds.
3. The Mayor is hereby authorized to execute a Satisfaction of Mortgage and
Promissory Note to be prepared by the Monroe County Housing Authority to
cancel the $35,000 Mortgage and Promissory Note that was erroneously recorded
on March 20, 2007 in the Official Records of Monroe County, Florida, Doc
#1633376, Book #2280, Page #1851-1857, thereby releasing Kenneth R. Smith
from any obligation thereto.
4. The Monroe County Housing Authority shall be responsible for the timely
recording of the Satisfaction of Mortgage and Promissory Note in the Official
Records of Monroe County, Florida.
5. The Monroe County Housing Authority shall provide Kenneth R. Smith with a
copy of the recorded Satisfaction of Mortgage and Promissory Note for his
records.
PASSED AND ADOPTED, by the Board of County Commissioners of Monroe County,
Florida at a regular meeting on said Board on the 20th day of June, AD., 2007.
..,.. .....
o 0 ~ ....,
-- :t.-.. ......
;0 ~'" ;:a. r....
Mayor Mario Di Gennaro ..hlL gP z c:: L::J
Mayor Pro Tem Dixie M. Spehar Yes OAi-~ ~ .'']
Commissioner Charles "Sonny" McCoy Yes :~~;_ CXl ::3
C mmissioner George Neugent Yes -'!c.: ~ ?;~
o'f5. . 'ioner Sylvia Murphy Yes :,.;:-'~ z:- g
I ~~: ~A{2Jil :(~ ;: JC~: ~ ~
j/- ./is~ ~r':r.~~ BOARD OF COUNTY COMMISSIONERS
',' \ ~iI<, OF MONROE COUNT';{LORIDA
':y;~~~~RK : ~t}& )
, Deputy Clerk MONROE COUNTY ATTORN~ Mayor Mario DiGennaro
p. OVED AS T F.
SUZANNE A. H TON
Date .C~Jn~EY
Prepared by:
MC SHIP Program
Monroe County Housing Authority
1400 Kennedy Drive
Key West, FL 33040
305/292-1221
SATISFACTION OF MORTGAGE
SPACE ABOVE THIS LINE FOR PROCESSING DATA
SPACE ABOVE THIS LINE FOR RECORDING DATA
Satisfaction of Mortgage
Know All Men By These Presents, that Monroe County, the owner(s) and holder(s) ofa certain Mortgage Deed,
executed by KENNETH R. SMITH to Monroe County, Florida bearing the date June 8, 2005, recorded on March 20. 2007 in Official
Records Book 2280, Page 1851 . in the office of the Clerk of the Circuit Court of Monroe County, State of Florida. securing certaill Note
ill the principal sum of THIRTY FIVE THOUSAND DOLLARS AND NO CENTS ($35,000.00) and certain promises alld obligations
set forth in said Mortgage Deed, upon the property situate in said State and County described as follow, to-wit:
PLANTATION BEACH, LOTS ll-I5, BLOCK 6, PB-2-76, PLANTATION KEY
which has the address of 100 Palm Lane, Islamorada, Florida, 33036
hereby acknowledges JfJ,1l payment and satisfaction of said Note and Mortgage Deed, and surrender the same as canceled, and hereby
direct Danny L. Ko/hage, the Clerk a/the said Circuit Court, to cancel the same afrecord.
In Witness;, We set our hallds this 20thdayof June
d ivered in the presence of
.(
Witness Signature (as to first Mortgagee)
Mortgagee Signature
Mayor Mario DiGennaro. Monroe County Board of
Printed Name County COIIIIIlissioners
Printed Name
Witness Signature (as t() fjrst Mortgagee)
500 Whitehead Street. Key West. FL 33040
Post Office Address (SEAl)
ATTEST: DANNY l. KOlHAGE, QERK
Printed Name
Witness Signature (as to Co-Mortgagee, if any)
Printed Name
Printed Name SIJZA. E A. HUTTON
COUNTY ATTORNEY
Post Office Ackmis.,-.----
1'1t 7107
I I
Witness Signature (as to Co-Mortgagee, jf any)
Printed Name
STATE OF FLORIDA
COUNTY OF MONROE
I HEREBY CERTIFY that on this day, before me, an officer duly authorized to administer oaths and take acknowledgments, personally appeared
}f.uio DiGennaro . known to
me to be the personls described herein and who executed the foregoing instrument, who acknowledged before me that he/she executed the same, and
who did not take an oath. (Check one: 0 Said person(s) isle personally known to me.Xl. Said person(s) provided the following type of
identitication:
SEAL
Witness my hand and official seal in the County and State last aforesaid
thisa
1/& ....
Notary Ignature
.~u~::~ ~ Z"7
Printed Name:
Commission No:
Commission Expires:
ORIGINAL
.......~.
~..~,.. '--.p PAMElAG. HANCOCK
{.i ,.\ MY COIIMiSSION, DO 256075
. . i EXPIRES: February 7 2008
',Rf... BondedThnlNalllyPltlllc~fI