Items Types:
For Meeting of:
January 23, 2017
District: 6 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: Yes

Release of Mortgage and Restrictive Covenant executed by Life Concepts, Inc. d/b/a Quest, Inc. in 2009

The City of Orlando entered into an agreement with Life Concepts, Inc. d/b/a  Quest, Inc. on March 25, 2009, to provide One Hundred Twenty Four Thousand Eight Hundred and Ninety Eight Dollars ($124,898) in Community Development Block Grant funds to the Quest South vocational training facility located at 1600 Aaron Avenue, Orlando, Florida, 32811.  The City recorded the executed Mortgage and Restrictive Covenant on March 24, 2009.  Quest, Inc. has fulfilled the requirements of the agreement by using the property for the past five (5) years as a vocational training facility to provide job opportunities for severely disabled adults.  Staff is requesting City Council's approval to cancel the note, release and discharge Quest, Inc.'s property from the lien and operation of said mortgage and restrictive covenant.  

Fiscal & Efficiency Data:

Recommended Action:
Approve and authorize the Mayor and City Clerk to cancel the note, execute the Release of Mortgage, and release of Restrictive Covenant after review of the documents by the City Attorney's office.  

Agenda Item attachment(s) on file in the City Clerks Office.

Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.

Contact: Sonia Carnaval, Housing & Community Development Manager, x 3326.
Approved By:

Department Date and Time
Budget Outside Routing Approval 1/17/2017 10:25 AM
Grants 1/17/2017 10:25 AM
City Clerk 1/17/2017 10:25 AM

Name: Description: Type:
Covenant_Release_of_RC_$124_898.doc Covenant Release Backup Material
Quest_-_$124_898_Satisfaction_.doc Mortgage Satisfaction Backup Material

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