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: |
May 11, 2015 |
RE: |
Mortgage Release |
Background:
The following individual(s) participated in a Community Development Division loan program.
1) Daryl L. Jones, 2732 Maverick Lane, participated in the Homeowners Out of Tenants (HOOT) program in 1998.
2) Jamie Edwards, 3315 West 18th Street, participated in the Emergency Loan Program in 2010.
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 Daryl L. Jones, 2732 Maverick Lane, if appropriate.
Release the mortgage for Jamie Edwards, 3315 West 18th Street, if appropriate.
The City Clerk’s office will have the documents ready for the Mayor's signature. If you have further questions, please let me know.