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R-03-04-24-14C1 - 4/24/2003Date: *ea aly , 2003 Note: RELEASE OF LIEN 2003048503 2 POS Date: June 25, 1999 Original Amount: $3,700.00 Maker: Brian N. Fogle Payee: CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality Date of Maturity: as therein provided Holder of Note and Lien: CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality Holder's Mailing Address (including county): CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality 221 EAST MAIN ROUND ROCK, TEXAS 78664 WILLIAMSON COUNTY REC'[D JUN 0 2 2003 Note and Lien are Described in the Following Documents, Recorded in: Deed of Trust dated June 25, 1999, executed by BRIAN N. FOGLE to Charles D. Crossfield, Trustee(s), recorded on July 1, 1999 as Document #199944269, Official Records, Williamson County, Texas, securing the payment of one certain note for the principal sum of $3,700.00, and any other amount payable under the terms of the Deed of Trust as therein provided, payable to the order of CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality. Property (including any improvements) Subject to Lien: BEING Lot 62, Block "B ", GREENSLOPES AT LAKE CREEK, SECTION SEVEN, a subdivision in Williamson County, Texas, according to the map or plat thereof recorded in Cabinet E, Slide 310, Plat Records, Williamson County, Texas. Holder of the note and lien acknowledges its payment and releases the property from the lien and from all liens held by Holder of the note and lien without regard to how they were created or evidenced. Holder of the note and lien expressly releases all present and future rights to establish or enforce the lien as security for the payment of any future or other advances. le- 03- 04- a4 -14c1 0:\closed\corr\g B1ownpaymlfogle\0004477I DOC When the context requires, singular nouns and pronouns include the plural. STATE OF TEXAS COUNTY OF WILLIAMSON 1 PREPARED IN THE OFFICE OF: Sheets & Crossfield, P.C. 309 E. Main St. Round Rock, Texas 78664 CITY OF ROUND ROCK, TEXAS, a Texas home rule munic�.lity Bv: , ,' j � 3 ' I` WELL, M ayor ACKNOWLEDGMENT This instrument was acknowledged before me on this the a /'_ day of , 2003 by NYLE MAXWELL, Mayor of the CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality, OAILL6tA/Wie on behalf of said municipality. Notary Public, State of Printed Name: 01105l2A& R. omPr AIEZ My Commission Expires: '- 8- 05 AFTER RECORDING RETURN TO: Attn: Downpayment Assistance Program Manager City of Round Rock, Texas ig}-n. - w__t, __ 4.11 6. MR/Ai 51PEET Round Rock, Texas 78664 Williamson County, Texas FILED AD RECORDED OFFICIAL PUBLIC RECORDS 05 -27 -2003` 12:51 PM 2003048503 ANDERSON $11.00 NANCY E. RISTER ,COUNTY CLERK WILLIAMSON COUNTY, TEXAS 2 RESOLUTION NO. R- 03- 04- 24 -14C1 WHEREAS, on June 25, 1999, Brian N. Fogle ( "Homeowner ") executed a Real Estate Lien Note to the City of Round Rock in connection with the Community Development Block Grant Home Ownership Assistance Program, and WHEREAS,. the Homeowner has repaid that prorated portion of the downpayment assistance funds as required by the Note, and WHEREAS, the City now wishes to release the lien, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City a Release of Lien to Brian N. Fogle, a copy of said Release of Lien being attached hereto as Exhibit "A" and incorporated herein. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED 0 : \,dox \0E 0L0rL \R3O4 4Cx.WPD /sc this 24th day of April, 2003. ATTEST: CHRISTINE R. MARTINEZ, City Secr 2 /i NYLE 04 Mayor City of Round Rock, Texas Date: , 2003 Note: RELRASE OF LIEN Date: June 25, 1999 Original Amount: $3,700.00 Maker: Brian N. Fogle Payee: CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality Date of Maturity: as therein provided Holder of Note and Lien: CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality Holder's Mailing Address (including county): CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality 221 EAST MAIN ROUND ROCK, TEXAS 78664 WILLIAMSON COUNTY Note and Lien are Described in the Following Documents, Recorded in: Deed of Trust dated June 25, 1999, executed by BRIAN N. FOGLE to Charles D. Crossfield, Trustee(s), recorded on July 1, 1999 as Document #199944269, Official Records, Williamson County, Texas, securing the payment of one certain note for the principal sum of $3,700.00, and any other amount payable under the terms of the Deed of Trust as therein provided, payable to the order of CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality. Property (including any improvements) Subject to Lien: BEING Lot 62, Block "B ", GREENSLOPES AT LAKE CREEK, SECTION SEVEN, a subdivision in Williamson County, Texas, according to the map or plat thereof recorded in Cabinet E, Slide 310, Plat Records, Williamson County, Texas. Holder of the note and lien acknowledges its payment and releases the property from the lien and from all liens held by Holder of the note and lien without regard to how they were created or evidenced. Holder of the note and lien expressly releases all present and future rights to establish or enforce the lien as security for the payment of any future or other advances. O:\closed\eo 1 Wownpaym \fogle100044771.DOC EXHIBIT When the context requires, singular nouns and pronouns include the plural. STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality By: NYLE MAXWELL, Mayor ACKNOWLEDGMENT This instrument was acknowledged before me on this the day of , 2003 by NYLE MAXWELL, Mayor of the CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality, on behalf of said municipality. PREPARED IN THE OFFICE OF: Sheets & Crossfield, P.C. 309 E. Main St. Round Rock, Texas 78664 AFTER RECORDING RETURN TO: Attn: Downpayment Assistance Program Manager City of Round Rock, Texas 101 E. Old Settlers Blvd. Round Rock, Texas 78664 Williamson County, Texas 2 Notary Public, State of Printed Name: My Commission Expires: Greenslopes at Lakecreek, Sec. 7, Blk B, Lot 62 AKA: 1104 Greenbriar Loop �� v; Lim .. 4 ,,,, modadno ow,: Ale sumo* a r •c ♦ tip • -40,4 v imniosammas,_ A4 , . m immoruziumws- .4; Ag 4 M O �1� DATE: April 18, 2003 SUBJECT: City Council Meeting — April 24, 2003 ITEM: *14.C.1. Consider a resolution authorizing the Mayor to execute a Release of Lien for property located at Lot 62, Block B, Greenslopes at Lake Creek, Section 7. Resource: Joe Vining, Planning Director Mona Ryan, Community Development Coordinator History: Under the Conununity Development Block Grant Home Ownership Assistance Program, the Real Estate Lien Note has a requirement for repayment of a prorated portion of the down payment assistance funds upon the sale, lease, or transfer of title. The homeowner repaid 50% of the original note and the lien can now be released. Funding: Cost: N/A Source of Funds: N/A Outside Resources: None. Impact: $1850.00 goes back into the homeownership assistance program. Benefit: The money has been used by a new homeowner to assist in down payment and closing costs. Public Comment: None required. Sponsor: Planning and Community Development Department