CM-10-05-108Date:
Note:
IvA el- 2.1
RELEASE OF LIEN
,2010
Date: December 29, 2006
Original Amount: $5,000.00
Maker: Tim Kloft
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: Community Development Assistant
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 Tim Kloft and wife, Alison
Kloft, to Charles D. Crossfield, Trustee, dated December 29, 2006, recorded as Document No.
2007001275, 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 Thirty -Seven (37), Block E, BRADFORD PARK, SECTION TWO, PHASE
THREE, Williamson County, Texas, according to the map or plat thereof
recorded in Cabinet 0, Slides 295-296, 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.
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C'.IVt,�i 0-05103'
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.
When the context requires, singular nouns and pronouns include the plural.
STATE OF TEXAS
CITY OF ROUND ROCK, TEXAS,
a Texas home rule municipality
13y:
J ' M R. NUSE, City Manager
ACKNOWLEDGMENT
§
§
COUNTY OF WILLIAMSON §
This instrument was acknowledged before me on this the 21 ' day of M(M/J
2010, by JAMES R. NUSE, City Manager, CITY OF ROUND ROCK, TEXAS, a Texas home
rule municipality, on behalf of said municipality.
PREPARED IN THE OFFICE OF:
AFTER RECORDING RETURN TO:
&Atm.. , Om&
Notary Public, State of
Printed Name: 94 YUt L 1 ► i-<
My Commission Expires: 3A� 1(c 21)12
Sheets & Crossfield, P.C.
Attorneys at Law
309 E. Main St.
Round Rock, Texas 78664
Attn: Community Development Coordinator
City of Round Rock
221 East Main Street
Round Rock, Texas 78664
2.
ROUND ROCK, TEXAS
PURPOSE. PASSION. PROSPERITY.
Item Caption:
City Manager Approval Summary Sheet
Down Payment Assistance Lien Release for Tim Kloft
Approval Date: May 21, 2010
Department: CDBG/Finance
Project Manager: Liz Alvarado
Item Summary:
Consider executing release of lien files under Down Payment Assistance Program (DPA) for Tim
Kloft. Mr. Kloft received a $5,000.00 grant under the Down Payment Assistance Program back in
2006 to purchase a home on 2640 Andres Way in Round Rock. The program requires that a lien be
placed on the property for five years. Because Mr. Kloft has requested that the lien be released
before the 5 year anniversary he will be subject to a $2,500.00 payoff fee at closing. The
homeowner has already paid $75.00 for the administrative and legal fees associated with preparing
the lien release documents.
Strategic Plan Relevance: N/A
Cost: $75.00
Source of Funds: Homeowner
REV. 3/8/10
10.1909
Request for City Council/City Manager Action
City Council IID City Manager
Submit completed form for all City Manager and City Council approvals.
Department Name: Finance / CDBG
Contact Person: Cheryl Delaney / Misty Gray
Project Mgr/Resource: Liz Alvarado
Project Coordinator:
Liz Alvarado
Assigned Attomey: Jason Rammel
City Council or City Manager Approval Date:
Agenda Wording
For Administration Use ONLY
v '4119'1 Aly') -
Received: ('11
Tag #:
Original Documents Received:
Project Name: Down Payment Assistance Program (HOAP)
ContractorNendor:
Funding Source:
Additional funding Source:
Amount:
Account Number:
21 -May -10
Consider executing Release of Lien filed under the Down Payment Assistance Program for Tim Kloft and wife, Alison Kloft at 2640 Andres Way, Round Rock, TX 78664.
Finance Information
EJ
Is Funding Required?
Initial Construction Contract
Construction Contract Amendment
Change Order
Change in Quantity
Initial Professional Services Agreement
Supplemental Professional Service Agreement
Purchasing/Service Agreement
Purchase Order
Item(s) to be purchased
Yes
Unforeseen Circumstances
No
Other (Please clearly identify action below)
Legal fees paid by homeowner
Amount
$75.00
R
uired for Submission of ALL C and C Mana er
Project Mgr. Signature: Liz Al
Dept. Director Signature:
*City Attomey Signature:
City Manager Signature:
Date:
Date:
Date:
Date:
*City Attomey signature is required for all items.
REVISED 5/19/2010