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CM-08-04-087DATE: April 11, 2008 SUBJECT: City Manager Approval ITEM: Execute a Release of Lien in the amount of $116,961 for Lot 7 and five feet and ten inches off the West side of Lot 6, Block "22" Original City of Round Rock, a subdivision in Williamson County, Texas according to the map or plat there of recorded in Cabinet A, Slides 190-191, Plat Records of Williamson County Texas (AGAPE Pregnancy Resource Center, 104 East Main Street) Department: Planning and Community Development Staff Person: Mona Ryan, Community Development Coordinator Justification: AGAPE elected to terminate its agreement with the City to use Community Development Block Grant funds for its facility expansion. Funding: Cost: Source of funds: -0- CDBG HUD Entitlement Funds Background Information: The Deed of Trust executed by AGAPE Resource Center, dated July 27, 2006, recorded in Document No. 2006067985 can now be released as the Agreement between AGAPE and the City of Round Rock has been formally terminated. The $116,961 awarded to AGAPE will be returned to the CDBG program and reallocated into new activities in 2008. IIHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII REL 2 PGS 2008036907 RELEASE OF LIEN NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. Date: pr(' I , 2008 Note: Date: July 27, 2006 Original Amount: $116,961.00 Maker: AGAPE PREGNANCY RESOURCE CENTER, a Texas non-profit corporation Payee: CITY OF ROUND ROCK, TEXAS Date of Maturity: as therein provided Holder of Note and Lien: CITY OF ROUND ROCK, TEXAS Holder's Mailing Address (including county): CITY OF ROUND ROCK 221 East Main Street Round Rock, Texas 78664 Williamson County Note and Lien are Described in the Following Documents, Recorded in: Deed of Trust executed by AGAPE PREGNANCY RESOURCE CENTER to Stephan L. Sheets, Trustee, dated July 27, 2006, recorded in Document No. 2006067985, Official Public Records, Williamson County, Texas, securing CITY OF ROUND ROCK, TEXAS, in the payment of one certain note for the principal sum of $116,961.00. Property (including any improvements) Subject to Lien: Lot 7 and five feet and ten inches off the West side of Lot 6, Block "22", Original City of Round Rock, a Subdivision in Williamson County, Texas, according to the map or plat thereof recorded in Cabinet A, Slides 190-191, Plat Records of 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. Release of Lien-AGAP 136109.doc/jmr CM O`�-O - -olrl When the context requires, singular nouns and pronouns include the plural. CITY OF ROUND ROCK, TEXAS Printed Name PL 0,ec Date: Title STATE OF TEXAS COUNTY OF WILLIAMSON 1. ACKNOWLEDGMENT This instrument was acknowledged before me on this the % - day of A PRA L- 2008, by LJ gntEs 12. (\lose, PE. , C i?y 4(.44 e,e of the CITY OF ROUND ROCK, in the capacity and for the purposes and consideration recited herein. APRIL 25, 2010 PREPARED IN THE OFFICE OF: Sheets & Crossfield, P.C. Attorneys at Law 309 E. Main St. Round Rock, Texas 78664 AFTER RECORDING RETURN TO: Sheets & Crossfield, P.C. Attorneys at Law 309 E. Main St. Round Rock, Texas 78664 2 Notary Public, State of I ex.4 s Printed Name: r A /J E f3 v Jc My Commission Expires: 4-a- 070/0 FILED AND RECORDED OFFICIAL PUBLIC RECORDS 2008036907 05/12/2008 01:44 PM CMCNEELY $20.00 NANCY E. RISTER, COUNTY CLERK WILLIAMSON COUNTY, TEXAS