TITLE
title
Satisfactions of Second Mortgages for Benjamin F. Rice, Jr., and Timothy J. Rogers Through State Housing Initiative Partnership for Down Payment Assistance Program
body
BRIEF OVERVIEW
Attached are the following satisfactions of mortgage for Hernando County’s State Housing Initiatives Partnership Program - Down Payment Assistance.
• Benjamin F. Rice, Jr. in the amount of $10,000.00
• Timothy J. Rogers in the amount of $15,000.00
FINANCIAL IMPACT
Revenues:
Revenue in the amount of $25,000.00 to:
Fund: 1271 - State Housing Initiatives Partnership Program, Department: 35051 - SHIP Grant, 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 Authority, Account: 5304934 - Fees/Costs-Admin
LEGAL NOTE
The Board has the authority to act on this matter pursuant to Chapter 125, Florida Statutes.
recommendation
RECOMMENDATION
It is recommended that the Board approve and authorize the Chairman’s signature on the attached satisfactions of mortgages.