95-21652 RESO RESOLUTION NUMBER 95-21652
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, AUTHORIZING THE MAYOR AND
CITY CLERK TO EXECUTE A RELEASE AND SATISFACTION OF
MORTGAGE, IN SATISFACTION OF ALL TERMS AND CONDITIONS OF
THE MORTGAGE AGREEMENT, DATED FEBRUARY 13, 1992, FOR A
RESIDENTIAL PROPERTY LOCATED AT 1735 BAY DRIVE, MIAMI
BEACH, FLORIDA.
WHEREAS, on February 13, 1992, the City of Miami Beach entered into a Mortgage Agreement
(Agreement) with Elio Mora and Ofelia Mora, his wife, for certain rehabilitation work funded from the federal
Community Development Block Grant (CDBG) Program,for a residential property located at 1735 Bay Drive,
Miami Beach, Florida; and
WHEREAS, Elio Mora and Ofelia Mora have complied in all material respects with the terms and
conditions of the Agreement; and
WHEREAS, the Administration requests that the attached Release and Satisfaction of Mortgage be
executed by the Mayor and City Clerk.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY
OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby authorize the Mayor and City
Clerk to execute the attached Release and Satisfaction of Mortgage.
PASSED AND ADOPTED THIS 26th DAY OF July , 1995.
IV
112111116pb,
MAYOR
ATTEST:
CITY CLERK
FORM APPROVED
LEGAL DEPT.
By
Date ._" ' S?
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This instrument prepared by:
Raul Aguila, First Asst. City Atty.
1700 Convention Center Drive
Miami Beach, FL 33139
RELEASE AND SATISFACTION OF MORTGAGE
The CITY OF MIAMI BEACH releases ELIO MORA AND OFELIA MORA, HIS WIFE and their successors and
assigns, from any and all obligations under the terms of that certain Mortgage agreement captioned:
"MORTGAGE", dated the 13th day of February, 1992,and recorded on July 30, 1992 in the Official Records
of Dade County at O.R. 15605, Page 0252 et. seq., which instrument affects the following described real
property:
Lot 23 in Block 28 of MIAMI VIEW SECTION OF THE ISLE OF NORMANDY, PART 1, according
to the Plat thereof as recorded in Plat Book 34 at Page 80 of the Public Records of Dade
County, Florida; further identified as: 1735 Bay Drive, Miami Beach, Florida.
And satisfies any and all obligations under the terms of such instrument and does hereby direct the Clerk
of the Circuit Court, Dade County, Florida to cancel such instrument of record.
IN WITNESS WHEREOF, this instrument has been executed o this 18th day of • :ust , 1995.
CITY OF AM! BEAC
By: Ala
• o b"—elber, Mayor
1700 Convention Center Drive
Miami Beach, FL 33139
ATT ;:a
FORM APPROVED
JACK LUBIN, CITY CLERK LEGAL DEPT.
By . J c.„)
STATE OF FLORIDA) 1 _t i-51'
SS) Date
COUNTY OF DADE)
l hereby certify that on this day before me, an officer duly qualified to take acknowledgements,
personally appeared SEYMOUR GELBER, as Mayor of the City of Miami Beach. Who is personally known
to me, and did not take an oath.
Witness my hand and official seal this i� day o
)il
, 1995.
NPti )
Y F lBL , State of Florida
td/r(11,l L Uc) '
OFFICIAL NO7 1RY SEP.L
Commission A,N
NOTARY PUBLIC STATE OF FLORIDA
My Commissi n Ex({Srees:;ION NO.CC317882
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CAH\\WP51\RESOIMORA.REL v_�
CITY OF MIAMI BEACH
CITY HALL 1700 CONVENTION CENTER DRIVE MIAMI BEACH FLORIDA 33139
COMMISSION MEMORANDUM NO. . Qj°-/-�
TO: Mayor Seymour Gelber and
Members of the City Commission DATE: July 26, 1995
1
FROM: Jose Garcia-Pedrosa
City Manager . '.
SUBJECT: AUTHORIZATION FOR HE MAYOR AND CITY CLERK TO EXECUTE A RELEASE AND
SATISFACTION OF MORTGAGE COVERING A SINGLE FAMILY HOME OWNED BY
ELIO MORA AND OFELIA MORA AT 1735 BAY DRIVE, MIAMI BEACH.
ADMINISTRATION RECOMMENDATION:
To adopt the attached Resolution authorizing the Mayor and City Clerk to execute a Release and Satisfaction
of Mortgage acknowledging the fulfillment of the terms and conditions of the Mortgage, dated February 13,
1992 relating to a single family home located at 1735 - Bay Drive, Miami Beach.
BACKGROUND:
Under the City's Single Family Rehabilitation Program, certain repairs and improvements were completed
to the single-family home located at 1735 Bay Drive in the Normandy Isle section of the City. Under this
program, the property owner is required to execute a mortgage agreement which provides that if the
property is held by the owner for a three (3) year period and is used as the primary residence during that
period, then no repayment is required on the funds advanced for the rehabilitation work. At the end of the
three year period, the property owner's obligation to the City is considered completed.
On February 13, 1992, the City of Miami Beach entered into an agreement entitled: "MORTGAGE", with Mr.
Elio Mora and Ofelia Mora, his wife, owners of the home located at 1735 Bay Drive, this document was
recorded on July 30, 1992 at O.R. 15605, page 0252 et. seq.
The City's only obligation under this agreement was to pay the costs of certain rehabilitation work in the
amount of $17,438.00 from the federal Community Development Block Grant (CDBG) Program funds. The
required three year period has now passed with the home remaining with the same owner, and used as their
primary residence during that time, as required by the terms of the Mortgage. This agreement has now been
fulfilled, and the owner is seeking to record a satisfaction of the Mortgage.
ANALYSIS:
The City's obligation to the owner has been completed through the payment of the original cost of the
rehabilitation work. The owner has fully complied with their obligations, by completing a satisfactory
rehabilitation project, and continuously occupying the house for the required three (3) year period.
A review of City records indicates that there are no City code enforcement liens outstanding, and no unpaid
water bills. City code enforcement officials have been scheduled to inspect the property to ensure that the
improvements have been adequately maintained.
AGENDA ITEM
-17- A
DATE !-2.C-9 5
COMMISSION MEMO
JULY 26, 1995
PAGE 2
CONCLUSION:
It is recommended that the Mayor and City Commission adopt the attached Resolution authorizing the
Mayor and City Clerk to execute the attached Release and Satisfaction of Mortgage.
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