SUBJECT:
Title
Request Approval to Allow the County Administrator to Endorse and Release Homeowner Insurance Claim Payment for SHIP Purchase Assistance Program on Behalf of Jeremy Gatch in the Amount of $11,750 (Budget Impact - None)
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INITIATOR: |
DEPARTMENT: |
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Cheryl Martin, Director |
Community Services |
DESCRIPTION/BACKGROUND:
On May 19, 2017, Jeremy and Nicole Gatch applied for Purchase Assistance through the Community Services SHIP Purchase Assistance program and were approved. They received assistance in the amount of $16,862.94 as down payment/closing costs for property located at 7597 SW 80th Place, Ocala, FL 34476, Parcel Number 3545-002-013. The Mortgage and Promissory Note was recorded with the Marion County Clerk of the Court.
On June 4, 2021, Mrs. Gatch contacted Community Services about an insurance claim check received for repairs on the roof due to water damage. Marion County is also a named party on the check.
According to the SHIP Purchase Assistance Mortgage, page 2 under covenant numbers 4, 5 and 6, the County has the right to require the property to be maintained and kept in sound condition. Therefore, it is in the County’s best interest to abide by the recorded mortgage.
BUDGET/IMPACT:
None
RECOMMENDED ACTION:
Recommended action
Approve County Administrator to endorse and release homeowner insurance claim payment to Mr. Gatch for necessary repairs due to damage reported to insurance company.
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