Memorandum
City of Lawrence
Planning and Development Services
TO: |
Diane Stoddard, Interim City Manager |
FROM: |
Danelle Dresslar, Community Development Manager, Planning and Development Services |
CC: |
Scott McCullough, Director, Planning and Development Services |
DATE: |
July 1, 2015 |
RE: |
Mortgage Release |
Background:
The following individual(s) participated in a Community Development Division loan program.
1) Marjorie E. Borom, 818 Maple Street, participated in the Comprehensive Rehabilitation program in 2010.
Based on the program the individual(s) 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 loan(s) 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:
Authorize the Mayor to sign the Releases of Mortgage for Marjorie E. Borom, 818 Maple Street.
The City Clerk’s office will have the documents ready for the Mayor's signature. If you have further questions, please let me know.