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CM-06-03-039DATE: March 7 2006 SUBJECT: City Manager Approval ITEM: Consider release of lien on Lot Ten (10), Block "H", C REEK BEND SECTION II, a subdivision in Williamson County, Texas, according to the map or plat thereof recorded in Cabinet P, Slide 144, Plat Records, Williamson County, Texas.(1700 Brokenshoe Dr.) Department: Planning & Community Development Staff Person: Mona Ryan Justification: First American Title has requested a release of lien on property being sold. First American Title will be escrowing $3,750.00 which is a repayment on a $5,000.00 loan. Funding: Cost: N/A Source of funds: N/A Background Information: This lien was filed on March 5, 2003 and expires on March 5, 2008. Updated 3-10-05 Date: C h 10 , 2006 Note: RELEASE OF LIEN Date: February 19, 2003 Original Amount: $5,000.00 Maker: WILLIAM R. BEARDMORE and wife, COLLEEN R. BEARDMORE 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): Attn: Downpayment Assistance Program Manager City of Round Rock, Texas 221 East Main Round Rock, Texas 78664 Williamson County, Texas Note and Lien are Described in the Following Documents, Recorded in: Deed of Trust (Downpayment Assistance Program) executed by WILLIAM R. BEARDMORE and wife, COLLEEN R. BEARDMORE, to Charles D. Crossfield, Trustee, dated February 19, 2003, recorded as Document No. 2003019738, Official Public Records, Williamson County, Texas, securing CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality, in the payment of one certain note for the principal sum of $5,000.00, due and payable and bearing interest as therein provided; and all the terms, conditions and stipulations contained therein, including, but not limited to, any additional indebtedness, if any, secured by said instrument. Property (including any improvements) Subject to Lien: Lot Ten (10), Block "H", CREEK BEND SECTION II, a subdivision in Williamson County, Texas, according to the map or plat thereof recorded in Cabinet P, Slide 144, 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. 96962.DOC/kg Mr\-10(fro When the context requires, singular nouns and pronouns include the plural. CITY OF ROUND ROCK, TEXAS, A Texas home rule municipality By: J S R. NUSE, City Manager ACKNOWLEDGMENT STATE OF I r VAS COUNTY OF\ILL'4 This instrument was acknowledged before me on this the JAMES R. NUSE, City Manager, CITY municipality, on behalf of said municipality MICHAEL MASON WEAVER Notary Public, State of Texas My Commission Expires io4lF... E.p`ww %„ ;;;.•�° January 31, 2010 PREPARED IN THE OFFICE OF: AFTER RECORDING RETURN TO: day of 64 , 2006, by OF ROUND ROCK, TEXAS, a Texas home rule • No ry Public, State of Printed Name: MAckos L___ My Commission Expires: 1-3 \--2A0 Sheets & Crossfield, P.C. Attorneys at Law 309 E. Main St. Round Rock, Texas 78664 Attn: Downpayment Assistance Program Manager Planning & Community Development City of Round Rock 301 W. Bagdad, Suite 140 Round Rock, Texas 78664 2 Request for City Council/City Manager Action ID City Council City Manager iECJO MAR 0 9 2006 Submit completed form for all City Manager and City Council approvals. Department Name: Planning Department Contact Person: Mona Ryan Project Manager/Resource: Mona Ryan Project Coordinator: Mona Ryan Assigned Attorney: Veronica Rivera Blue Sheet Wording For Administration Use ONLY Receiyldf fy Tag #(j 1f N Original ocuments Received: Project Name: Release of lien ContractorNendor: Funding Source: Amount: Account Number: City of Round Rock CDBG HUD Entitlement Fund $16.00 (estimate) 5450-790-14000bg00hoap8_hoap Council or City Manager Approval Date: 10 -Mar -06 Consider release of lien on Lot Ten (10), Block "H", Creek Bend Section II, a subdivison in Williamson County, Texas, according to the map or plat thereof recorded in Cabinet P, Slide 144, Plat Records, Williamson County, Texas. (1700 Brokenshoe Drive) Finance Information Is Funding Required? 0 cJ Yes No Initial Construction Contract Construction Contract Amendment # Change Order Change in Quantity Unforeseen Circumstances Initial Professional Services Agreement Supplemental Professional Svcs. A # Purchasing/Service Agreement Purchase Order Item(s) to be purchased: Amount 0 Other (Please clearly identify action on lines below) $16.00 Release of Lien Finance Approval El Finance n/a L. Olsen Date 3/7/2006 XD Finance E. Wilson Date 3/8/2006 iPurchasing N/A HB Date ED Budget N/A CYD Date 3/7/2006 3/8/2006 Required for Submission of ALL City Council and City Manager Items l Dept. Director Signature: City Attorney Signature*: City Manager Signature: Le proval is required for all items. 3- Y-46 Date: t IV Updated 2/16/06