CITY OF ORLANDO
COUNCIL AGENDA ITEM


Items Types:
Housing
For Meeting of:
November 12, 2018
District: 5 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: Yes

Subject:
Release of Mortgage and Restrictive Covenant executed by Health Care Center for the Homeless, Inc. in 2011

Summary:
The City of Orlando entered into an agreement with the Health Care Center for the Homeless, Inc. to provide One Hundred Seventy-Seven Thousand One Hundred Eighty Six Dollars (177,186.00) in Community Development Block Grant funds to rehabilitate the health care center facility located at 232 North Orange Blossom Trail, Orlando, Florida, 32805.  The City recorded the executed Mortgage and Restrictive Covenant on January 11, 2012.  The Health Care Center for the Homeless, Inc. has fulfilled the requirements of the agreement by using the property to provide medical and health care services for low-income persons for at least five (5) years.  Staff is requesting City Council's approval to cancel the note, release and discharge the Health Care Center for the Homeless, Inc.'s property from the lien and operation of said mortgage and restrictive covenant.

Fiscal & Efficiency Data: No Fiscal Impact

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, sonia.carnaval@cityoforlando.net, 407-246-3326
Approved By:

Department Date and Time
Budget Outside Routing Approval 10/31/2018 2:34 PM
Grants 11/1/2018 10:00 AM
City Clerk 11/1/2018 10:11 AM

ATTACHMENTS:
Name: Description: Type:
MORTGAGE_RELEASE_Health_Care_Center_for_the_Homeless_$177_186___10-24-2018.doc Mortgage Release Backup Material
RELEASE_Covenant-Health_Care_Center_for_the__Homeless__$177_186__10-22-2018.doc Covenant Release Backup Material

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