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HomeMy WebLinkAbout[04e] Mortgage Satisfaction Council Agenda Item 4e MEETING DATE: April 20, 2020 AGENDA ITEM: Mortgage Satisfaction SUBMITTED BY: Finance BOARD/COMMISSION/COMMITTEE RECOMMENDATION: None PREVIOUS COUNCIL ACTION: Council accepted MN Small Cities Housing Rehab grant from DEED and contracted with Central MN Housing Partnership to administer the grant. BACKGROUND INFORMATION: The 2013 housing grant award was completed in 2016. One of the homeowners paid their forgivable loan and requires a Satisfaction of Mortgage to be recorded. Upon council approval, staff will forward the agreement. BUDGET/FISCAL IMPACT: none ATTACHMENTS: Request for Council Action – Mortgage Satisfaction Mortgage Satisfaction th REQUESTED COUNCIL ACTION: Consider approving the Mortgage Satisfaction for 151 5 Ave SE, St. Joseph, MN. \[Space above This Line for Recorder’s Use\] MORTGAGE SATISFACTION THAT CERTAIN MORTGAGE owned by the undersigned, a single-family residence of the State of Minnesota, dated July 16, 2014, executed by the City of St. Joseph, as mortgagor to James L. Uphoff and Andrea L. Uphoff, husband and wife, as mortgagee, and recorded on March 09, 2015, as Document Number A1438861, in the Office of the County Recorded of Stearns County, Minnesota, is with the indebtedness thereby secured, fully paid and satisfied. CITY OF ST. JOSEPH, a Minnesota public body, corporate and politic By: Rick Schultz Its: Mayor By: Kris Ambuehl Its: Administrator STATE OF MINNESOTA ) ) ss. COUNTY OF STEARNS ) This instrument was acknowledged before me on this 20th day of April, 2020, by Rick Schultz as Mayor and Kris Ambuehl, as Administrator of the City of St. Joseph, a Minnesota public body, corporate and politic, on behalf of said city. Notary Public Drafted by: City of St. Joseph 75 Callaway St E St. Joseph, MN 56374 320-363-7201 Page 1 of 1