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Satisfaction of Second Mortgage for John R. Camuglia and Maria R. Camuglia Through State Housing Initiative Partnership Down Payment Assistance Program
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BRIEF OVERVIEW
Attached is the following satisfaction of mortgage for Hernando County’s State Housing Initiatives Partnership Program (SHIP) - Down Payment Assistance loan:
• John R. Camuglia and Maria R. Camuglia - 5510 Moongate Road, Spring Hill - $12,500.00
Payment has been received in full.
FINANCIAL IMPACT
Revenue in the amount of $12,500.00 to:
Fund: 1271 - State Housing Initiatives Partnership Program, Department: 35051 - SHIP Grant - Account: 3699030 - Miscellaneous Revenue Down Payment Reimbursement
Expenses in the amount of $10.00 to satisfy the cost of recording to:
Fund: 1271 - State Housing Initiatives Partnership Program, Department: 35051 - SHIP Grant, Account: 5304935 - Fees/Costs-Admin
LEGAL NOTE
The Board has the authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached satisfaction of mortgage.