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H. Lakewood Village Mobile Home Park - Assumption of Impact Fee Agreement <br />The Board reviewed a Memorandum dated June 3, 1997: <br />TO: Board of County Commissioners <br />FROM: Terrance G. Pinto,i e or <br />Utility Services Depa ent <br />DATE: June 3,1997 <br />RE: LAKEWOOD VILLAGE ASSUMPTION <br />OF IMPACT FEE AGREEMENT <br />In 1991 the County entered into an impact fee agreement with the owners of <br />Lakewood Village Mobile Home Park for the payment of certain utility fees over <br />time. The standard County policy is that on the sale of the liened property the <br />entire amount is due and owing. The Homeowners' Association has now <br />contracted to purchase the park from the park owner and is requesting that the <br />County let the homeowners assume the impact fee agreements to take advantage <br />of the time payment plan and to subrogate the County's lien to the new purchase <br />money mortgage so that the financing lien will still have first priority and the <br />County's lien will still have secondary priority. <br />The Utilities Department has no objection to this assumption and subrogation <br />since it will assist in having the residents of the park become the owners of the <br />park. <br />Recommended Action: Staff recommends that the Board authorize the <br />Chairman of the Board of County Commissioners to execute the attached <br />assumption and subrogation agreement. <br />ON MOTION by Commissioner Adams, SECONDED BY <br />Commissioner Tippin, the Board unanimously authorized the <br />Chairman to execute the assumption and subrogation agreement <br />presented in the backup, as recommended in the Memorandum. <br />ASSUMPTION AGREEMENTS (2) HAVE BEEN PLACED ON FILE <br />IN THE OFFICE OF THE CLERK TO THE BOARD <br />L Budget Adjustment, Broward County Inmate Revenue <br />The Board reviewed a Letter dated June 3, 1997: <br />13 <br />June 10, 1997 FC'�Y - UI uI-,F a �� <br />