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City of <br /> Elk Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 4.6 <br /> Agenda Section Meeting Date Prepared by <br /> Consent October 6, 2014 Jeremy Barnhart,Deputy Director, COD <br /> Item Description Reviewed by <br /> Mortgage Satisfaction for Hartman/ Fox Haven Cal Portner, City Administrator <br /> Commercial Reviewed by <br /> Action Requested <br /> Authorize,by motion,the recording of the Mortgage Satisfaction. <br /> Background/Discussion <br /> In October of 2005, as part of a land swap between the city and Thomas and Sara Hartman,the city <br /> received a mortgage from the Hartmans as security that "all taxes and assessments,both levied and <br /> pending...",be paid by the Hartmans. <br /> This mortgage was recorded against the property,and was discovered as part of the EDA's acquisition of <br /> the parcels last month. The taxes have been paid,though the mortgage satisfaction has not been <br /> approved and recorded. <br /> Action as recommended removes the mortgage from the property, easing the sale of the property in the <br /> future. <br /> Financial Impact <br /> None <br /> Attachments <br /> ■ Mortgage satisfaction document <br /> P a w E A E U a r <br /> Template Updated 4/14 INIM UREI <br />