~~It V~e' - . 0, , - Jersey City

Resolution of the City of Jersey City, N.J.
City Clerk File No.
Agenda No.
Approved:
TITLE:
COUNCIL
resolution:
Res.. 10-450
1O.H
JUL i 4 2010
RESOLUTION AUTHORIZING THE BUSINESS ADMINISTRATOR
TO EXECUTE A DISCHARGE OF MORTGAGE AFFECTING
. 128 STEVENS AVENUE AlA BLOCK-1345, LOT 39
offered and moved adoption of the follo.wing
WHEREAS, on August 2,2000, Lula Chandler & Gwendolyn McFadden (Borrowers) executed a
mortgage in favor of the City of Jersey City (City) to secure the City's loan to them in the amount
of $5,990.00 made under the HORP Program; and
WHEREAS, the loan was made for the purpose of making home improvements for a low or
moderate income family and it self-amortizes over five (5) years provided the homeowners reside
in the propert and do not sell the propert; and
WHEREAS, the mortgage affects propert known as 128 Stevens Avenue, Jersey City, also known
as Lot 39 in Block 1345; and
WHEREAS, five (5) years have passed since the loan was made and the City is obligated to execute
a Discharge of Mortgage to remove the mortgage from the public record.
NOW, THEREFORE, BE IT RESOLVED, that the Business Administrator is authorized to
execute a Discharge of the Mortgage of Lula Chandler & Gwendolyn McFadden dated August 2,
2000 in the sum of$5,990.00 affecting 128 Stevens Avenue, Jersey City, also known as Lot 39 in
Block 1345.
IW/k
6-25-10
APPROVED: APPROVED
==
AS TO LEGAL FORM
~
APPROVED:
Corporation Counsel
~;' i.' 1 0 0 9 3
Certification Required D
Not Req!Jired D
APPROVED '/-(J
COUNCILPERSON
SOnOLANO
DONNELLY
LOPEZ
./ Indicates Vote
AYE
I
./
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RECORD OF COUNCIL VOTE ON FINAL PASSAGE 1/14/W
NAY N.V. COUNCILPERSON AYE NAY N.V. COUNCILPERSON
GAUGHAN j FLOOD
FULOP I VEGA
RICHARDSON ~ BRENNAN, PRES
AYE NAY N.V.
J
¡
./
N.V.-Not Voting (Abstain)
AQ"I a meei;," of he Mu,;dpal C=Of Ihe C;ly of Jecsey C;ly N.J. Çl ~
Robert yrne, City erk