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Satisfactions of Second Mortgages for Brittany C. Guarneri and Patricia A. Herzog Through State Housing Initiative Partnership Down Payment Assistance Program
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BRIEF OVERVIEW
Attached are the following satisfactions of mortgage for Hernando County’s State Housing Initiatives Partnership Program (SHIP) - Down Payment Assistance loans:
• Brittany C. Guarneri - 12510 Maginn Court, Weeki Wachee - $15,000
• Patricia A. Herzog - 5461 Colchester Avenue, Spring Hill - $19,350
FINANCIAL IMPACT
Revenues:
Revenue in the amount of $34,350.00 to:
Fund: 1271 - State Housing Initiatives Partnership Program, Department: 35051 - SHIP Grant - Housing Auth, Account: 3699030 - Miscellaneous Revenue Down Payment Reimbursement
Expenses:
Expenses in the amount of $20.00 to satisfy the cost of recording to:
Fund: 1271 - State Housing Initiatives Partnership Program, Department: 35051 - SHIP Grant - Housing Auth, Account: 5304934 - 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 satisfactions of mortgage.