K. Housing Authority
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: June 20,2007
Division: MOlioe County Housing Authoritv
Bulk Item:
Yes-L
No
Department: SHIP PROGRAM
AGENDA ITEM WORDING: A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA APPROVING THE SATISFACTION OF A $35,000.00 SHIP
REHABILIT ATION MORTGAGE THAT WAS RECORDED IN ERROR
ITEM BACKGROUND: SHIP Rehabilitation Notes and Mortgages are recorded upon acceptance of the
SHIP loan by the homeowner. This particular homeowner elected not to participate in the SHIP Rehabilitation
program however the SHIP Coordinator had already scheduled an inspection and requested roof plans that wlll be
charged to the program and paid out of administration fees. No other funds were disbursed for this homeowner.
PREVIOUS RELEVANT BOCC ACTION: N/A
CONTRACT/AGREEMENT CHANGES:
N/A
STAFF RECOMMENDATION:
Approval
TOT AL COST:
$-0-
BUDGETED: Yes
No
COST TO COUNTY:
$-0-
SOURCE OF FUNDS:
N/A
AMOUNT PER: Month Year
OMBlPurchasing ~ Risk Management ~
DOCUMENT ATION:
Included - X - To Follow
Not Required_
DISPOSITION:
AGENDA ITEM #
*
_ MONROE COUNTY HOUSING AUTHORITY
To: CONNIE CYR
AIDE TO THE CO. ADMINISTRATOR
From: MARIE BROUILLETTE
MC SIllP COORDINATOR
Cc:
Date: June 1, 2007
Re: Agenda Item Request - Satisfaction of Mortgage
Kenneth R. Smith
Connie,
Attached please find Agenda Item for the Monroe County SHIP
Program requesting approval by the BOCC to Satisfy a mortgage by Kenneth R.
Smith to Monroe County in the amount of $35,000.00.
Please call if you need any other documentation. Thank you. Marie
RESOLUTION NO.
- 2007
A RESOLUTION OF THE BOARD OF COUNTY
COMl\flSSIONERS OF MONROE COUNTY,
FLORIDA, RELEASING KENNETH R. SMITH
FROM REPAYMENT OF SHIP HOMEOWNER
REHABILITATION LOAN FUNDS EXPENDED;
APPROVING THE REPAYMENT OF THE FUNDS
EXPENDED FROM THE 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.
WHEREAS, 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
WHEREAS, 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 Homeowtler 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 Kermeth R. Smith from any obligation related to this
Mortgage; and
WHEREAS, 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 SIDP Homeowner Rehabilitation Loan totaling $586.34.
2. The Monroe County Housing Authority is hereby authorized to re-pay the funds
expended from the SIllP 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 day of , AD., 2007.
Mayor Mario Di Gennaro
Mayor Pro Tern Dixie M. Spehar
Commissioner Charles "Sonny" McCoy
Commissioner George Neugent
Commissioner Sylvia Murphy
(SEAL)
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
Deputy Clerk
Mayor Mario DiGennaro
SUZANNE A. H TON
:~jYb~EY
Date