Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Mortgage Release topic
No spam. Unsubscribe anytime.
Council moves to clear title on 507 Butler Street after homeowner's death
Summary
Councilors moved to forgive the remaining term of a forgivable mortgage on 507 Butler Street following the recent death of homeowner Bob Fees and to sign a release of mortgage to give clear title to the property; the five-year occupancy term would have expired April 19, 2026.
Get email alerts on the Mortgage Release topic
No spam. Unsubscribe anytime.
The council reviewed a home-improvement forgivable mortgage tied to 507 Butler Street that had been part of a city grant program for low- and moderate-income owner-occupied residences in 2020–2021.
Meeting minutes state that the homeowner, Bob Fees, recently died; his home was the last property still enrolled in the program. The program required beneficiaries to occupy the property for five years in exchange for a forgivable mortgage; that five-year term would expire April 19, 2026.
Councilor Gary Fricke moved and Josh Fuller seconded a motion to forgive the remaining term and sign a release of mortgage to provide clear title to the home. The motion was recorded in the minutes; no additional conditions or rollbacks were noted in the March 25 record.
The council did not discuss any repayment or reassignment conditions in the March 25 minutes; the minutes record the motion to clear title for 507 Butler Street.
