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 15, 2014
RE:	Mortgage Release

Background:

The following individual participated in a Community Development Division loan program. 

1) Teresa L. Guenther, 3201 West 24^th Street, participated in the Comprehensive Rehabilitation Loan program in 2003.

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 Teresa L. Guenther, 3201 West 24^th Street, if appropriate.

The City Clerk will have the documents ready for the Mayor's signature.  If you have further questions, please let me know.