CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:
Housing
For Meeting of:
September 25, 2017
District: ALL From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: Yes

Subject:
Lien Satisfactions - Aspire Health Partners d.b.a. Center for Drug Free Living, Inc. and SP Crossroads LP

Summary:

HOPWA - The City of Orlando entered into an agreement with Aspire Health Partners d.b.a. Center for Drug Free Living, Inc. to provide Housing Opportunities for Persons With AIDS (HOPWA) grant funds in the amount of $1,273,797 for the acquisition and rehabilitation of six individual properties, listed below, that collectively created a single facility based housing operation.  The City recorded the executed Mortgage and Promissory Note on the dates indicated below.  Center for Drug Free Living, Inc. has fulfilled the requirements of the Agreement for the past 10 years as a housing facility serving low-income persons living with HIV/AIDS. 

 

ADDRESS

RECORD DATE

PROMISSORY NOTE AMOUNT

1402 25th Street

05/01/2006

$233,779

1414 25th Street

09/10/2007

$250,334

1418 25th Street

05/01/2006

$202,124

1420 25th Street

05/01/2006

$223,472

1422 25th Street

05/23/2006

$179,585

1506 25th Street

09/10/2007

$184,503

 

HOME – The City of Orlando entered into an agreement with SP Crossroads LP, to provide HOME Partnership funds in the amount of $300,000 to rehabilitate 94 affordable housing units at Crossroads Apartments located at 4270 Crossroads Court. The City recorded the executed Mortgage and Promissory Note on 6/27/2011. SP Crossroads LP has fulfilled the requirements under the agreement. 


Fiscal & Efficiency Data: No Fiscal Impact

Recommended Action:

Approval to cancel the note and release and discharge Center for Drug Free Living, Inc.’s property from the lien and operation of said mortgage under HOPWA.

Approval to cancel the note and release and discharge SP Crossroads LP's property from the lien and operation of said mortgage under HOME. 



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: Oren J, Henry, Director, Alfred Arzuaga
Approved By:

Department Date and Time
Budget Outside Routing Approval 9/13/2017 4:40 PM
Grants 9/13/2017 4:44 PM
City Clerk 9/14/2017 6:41 AM

ATTACHMENTS:
Name: Description: Type:
Center_for_Drug_Free_Living_$233_7999__1402_25TH_ST.doc HOPWA 1 Backup Material
Center_for_Drug_Free_Living_$250_334__1414_25TH_STREET.doc HOPWA 2 Backup Material
Center_for_Drug_Free_Living_$202_124__1418_25TH_ST.doc HOPWA 3 Backup Material
Center_for_Drug_Free_Living_$223_472__1420_25TH_ST.doc HOPWA 4 Backup Material
Center_for_Drug_Free_Living_$179_585__1422_25TH_STREET.doc HOPWA 5 Backup Material
Center_for_Drug_Free_Living_$184_503__1506_25TH_ST.doc HOPWA 6 Backup Material
Mortgage_Satisfaction_for_SP_Crossroads_LP.pdf HOME - Crossroads Backup Material

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