Laserfiche WebLink
7 809K 9 PAGE 916 <br />Entry <br />Number Funds/Department/Account Name <br />Account Number <br />Increase <br />Decrease <br />7. <br />EXPENSE <br />GENERAL FUND/BCC <br />Other Professional Services <br />001-101-511-033.19 <br />$15,000 <br />$0 <br />Surety Bonds <br />001-101-511-03454 <br />$1,413 <br />$0 <br />Reserve for Contingency <br />001-199-581-099.91 <br />$0 <br />$16,413 <br />K. Partial Satisfaction of Mortgage <br />The Board reviewed the following memo dated February 23, 1994: <br />TO: The Board of County Commissioners <br />FROM: ktSC_-William G. Collins II - Deputy County Attorney <br />DATE: February 23, 1994 <br />SUBJECT: Partial Satisfaction of Mortgage <br />On December 20, 1993 the County loaned William Earle Hughes $7,575.00 for <br />rehabilitation of Affordable Housing under the SHIP Program. It was <br />subsequently determined that some of the work performed on the Hughes <br />residence did not qualify for SHIP funding. Thus, since the County has not <br />in fact loaned the full amount of $7,575.00, a Partial Satisfaction of Mortgage <br />should be recorded to revise the outstanding balance due Indian River <br />County down to $3,825.00. <br />RECOMMENDATION: <br />Authorize the Chairman to execute the attached Partial Satisfaction of <br />Mortgage, for recording by this office. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Bird, the Board unanimously approved <br />the Partial Satisfaction of Mortgage, as set forth <br />in the above staff's memorandum. <br />PARTIAL SATISFACTION OF MORTGAGE IS RECORDED IN THE <br />PUBLIC RECORDS OF INDIAN RIVER COUNTY <br />14 <br />