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Various Satisfactions of Second Mortgages Through State Housing Initiative Partnership Program
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BRIEF OVERVIEW
The recipients below received a second mortgage loan funded through Hernando County’s State Housing Initiatives Partnership (SHIP) Program for either down payment assistance or housing rehabilitation. Payments were received to satisfy the conditions of the loans and a Satisfaction of Mortgage for each is presented for Board approval.
• Richard Block - 11710 Linden Dr., Spring Hill - in the amount of $19,893.50
• Marie Gotay - 4112 Thunderbird Ave., Spring Hill - in the amount of $4,488.75
• Ashley L. Muzika - 6364 Post Court, Spring Hill - in the amount of $19,744.00
• Ruthe Nadine Weikel - 10412 Timbercrest Rd., Spring Hill - in the amount of $8,647.10
Funds totaling $40.00 were received by recipients to satisfy the mortgage and deposited with finance.
STRATEGIC PLAN INITIATIVES
N/A
FINANCIAL IMPACT
Revenue in the amount of $52,773.35 to:
Revenue:
Fund: State Housing Initiatives Partnership - B133, Department: Health & Human Service - 150 Account: Miscellaneous Revenue Other - 369900
Expenses in the amount of $40.00 to satisfy the cost of recording to:
Expense:
Fund: State Housing Initiatives Partnership - B133, Department: Health & Human Service - 150, Group: Undefined -00000; Area of Operation: Housing and Supportive Services- 20, Account: 202000- Accounts Payable
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 Satisfactions of Mortgage