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:	August 7, 2015
RE:	Mortgage Release

Background:

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

1) Julie Julius, 613 Eldridge Street, participated in the Homeowners Out of Tenants program in 2003.

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 Release of Mortgage for Julie Julius, 613 Eldridge 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.