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1 1 81 <br />LEE COU <br />_ a • 04n <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. II. S. <br />_ Information <br />Meeting Date: August 15, 2011 Action Item <br />XX Consent Agenda <br />SUBJECT Cancellation of Deed of Trust for Linda Gay <br />DEPARTMENT Community Development / Legal <br />CONTACT PERSON K. R. Hoyle / Karen Kennedy <br />REQUEST Ms. Gay requests county officials to execute and file a Satisfaction <br />of Security Instrument with respect to her CDBG Rehabilitation <br />Loan. <br />SUMMARY The Loan Agreement states that if an applicant does not sell the <br />property immediately following the execution of the Loan Agreement <br />she would not have to pay. Ms. Gay has complied and wishes the <br />Deed of Trust be cancelled. <br />BUDGET IMPACT N/A <br />ATTACHMENT(S) Satisfaction of Security Instrument <br />Note: Mr. Hoyle has Deed in his office for review <br />PUBLIC HEARING No <br />PRIOR BOARD ACTION N/A <br />RECOMMENDATION Execute Certification of Satisfaction <br />