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CM-10-05-113Date: Note: RELEASE OF LIEN ,2010 Date: February 17, 2006 Original Amount: $4,004.00 Maker: CHRISTI GARCIA-LOPEZ, a single person 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 Christi Garcia -Lopez, a single person, to Charles D. Crossfield, Trustee, dated February 17, 2006, recorded as Document No. 2006014988, 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 $4,004.00, 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 Twenty-two (22), Block "H", CHISHOLM VALLEY WEST, SECTION THREE AMENDED, according to the map or plat thereof recorded in Cabinet D, Slide 120, 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. O:\wdox\SCClnts\0179\ 1003\REALESTATE\00193069.DOC 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. CITY OF ROUND ROCK, TEXAS, a Texas home rule municipality By: R. NUSE, City Manager ACKNOWLEDGMENT STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me on this the ZSday of la-- , 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: 1 AFTER RECORDING RETURN TO: 94r44. Kal/itt Notary Public, State of tt Cs— Printed Name: c 144 My Commission Expires: uitl11 1112,02- 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. 5112/2(09 Request for City Council/City Manager Action p❑ City Council CC. City Manager Submit completed form for all City Manager and City Council approvals. Department Name: Finance / CDBG Project Name: Down Payment Assistance Program (HOAP) For4AdnbtnfstrdlcE Cie ONLY v,,0 2 E Uri Ifs Received::A Tag #: 1141 In -es -113 Original Documents Received: Contact Person: Cheryl Delaney / Misty Gray ContractorNendor: Funding Source: Project Coordinator: Liz Alvarado Additional funding Source: Amount Account Number: Project Mgr/Resource: Liz Alvarado Assigned Attorney: Jason Rammel City Council or City Manager Approval Date: Agenda Wording 28 -May -10 Consider executing Release of Lien filed under the Down Payment Assistance Program for Christi -Garcia Lopez at 2203 Frontier Trail, Round Rock, TX 78681. Finance Information Is Funding Required? Yes Q No ED Initial Construction Contract EJ Construction Contract Amendment # Q Change Order # 111Change in Quantity 111Unforeseen Circumstances Initial Professional Services Agreement Supplemental Professional Service Agreement # Purchasing/Service Agreement Purchase Order Item(s) to be purchased Other (Please clearly identify action on lines below) legal fees paid by homeowner Amount $75.00 Required for Submission of ALL City Council and City Manager Items Project Mgr. Signature: Liz Alv•rado Dept. Director Signature: *City Attorney Signature: City Manager Signature: Date: Date: Date: S"& 10 Date: 5 —2$- 0 City Attorney signature is required for all items REVISED 5/25/2010 ROUND ROCK, TEXAS PURPOSE. PASSION. PROSPERITY. Item Caption: City Manager Approval Summary Sheet Down Payment Assistance Lien Release for Christi Garcia Lopez Approval Date: May 28, 2010 Department: CDBG/Finance Project Manager: Liz Alvarado Item Summary: Consider executing release of lien files under Down Payment Assistance Program (DPA) for Christi Garcia Lopez. Ms. Lopez received a $4,004.00 grant under the Down Payment Assistance Program back in 2006 to purchase a home on 2203 Frontier Trail in Round Rock. The program requires that a lien be placed on the property for five years. Because Ms. Lopez has requested that the lien be released before the 5 year anniversary she will be subject to a $1,001.00 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