Memorandum
City of Lawrence
Planning and Development Services
TO: |
David L. Corliss, City Manager |
FROM: |
Danelle Dresslar, Community Development Manager, Planning and Development Services |
CC: |
Scott McCullough, Director, Planning and Development Services |
DATE: |
December 8, 2014 |
RE: |
Mortgage Release |
Background:
The following individuals participated in a Community Development Division loan program.
1) Terri L. Faunce, 1808 Mississippi Street, participated in the Furnace Loan program in 2009.
2) Opal F. Marshall, 1322 Maple Lane, participated in the Comprehensive Rehabilitation program in 1993 and the Emergency Loan Program in 2006.
Based on the program the individual participated in, a mortgage was placed on the property. The balance is due when the property is no longer owner-occupied, however individuals have the option to pay off the loan at any time. Staff has determined that all of the required monthly payments have been received for the above loans that have resulted in a zero balance due to the City.
Staff Recommendation:
The mortgage provisions have been satisfied and the mortgage(s) should be released.
Action:
Release the mortgage for Terri L. Faunce, 1808 Mississippi Street and Opal F. Marshall, 1322 Maple Lane.
The City Clerk will have the documents ready for the Mayor's signature. If you have further questions, please let me know.