R13-011 I
1 RESOLUTION R13 -011
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF BOYNTON BEACH, FLORIDA,
ACCEPTING THE OFFER OF 54,000 AS
SETTLEMENT OF THE CITY'S SECOND
MORTGAGE AS A RESULT OF A PROPOSED
Si SHORT SALE FOR SHANNON SKIBA BASED ON
4 THE CITY'S SHORT SALE POLICY FOR FIRST
10 TIME HOMEBUYER ASSISTANCE PROGRAM;
11 AND PROVIDING AN EFFECTIVE DATE.
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14 WHEREAS, with the assistance of the City of Boynton Beach's first time
15 homebuyer assistance program Shannon Skiba purchased her home for $190,000 in May
1. of 2007; and
1 WHEREAS, the City of Boynton Beach's second mortgage in the amount of
1: $58,930 is a zero interest (0 %) lien that runs concurrent with the first mortgage; and
1' WHEREAS, rather than be foreclosed upon, the homeowner was able to secure
20 a buyer for the property and her bank has agreed to a short sale in the amount of $72,000;
21 and
22 WHEREAS, the proposed settlement offer is in accordance with the City's Short
23 Sale Policy for the City's First Time Homebuyer Assistance Program; and
24 WHEREAS, the City Commission of the City of Boynton Beach upon
25 recommendation of staff, deems it to be in the best interest of the citizens and residents
26 of the City of Boynton Beach to accept the offer of $4,000 as settlement of the City's
27 second Mortgage as a result of the proposed short sale for Shannon Skiba.
28 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION
29 OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT:
Section 1. The foregoing "Whereas" clauses are hereby ratified and
2 confirmed as being true and correct and are hereby made a specific part of this
3. Resolution upon adoption.
4j Section 2. The City Commission of the City of Boynton Beach, Florida
5 hereby accepts the offer of $4,000 as settlement of the City's second Mortgage as a result
6 of the proposed short sale for Shannon Skiba.
7 Section 3. This Resolution will become effective immediately upon passage.
8 PASSED AND ADOPTED this 5 day of February, 2013.
9
10 CITY OF BOYNTON BEACH, FLORIDA
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12 1
13 6/Zza v� �/'
14 Mayor — Woodrow L .y
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18 • e ayor — Mack McCray
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20 1 4111■ 9 �
21 4%
22 r .mmi • -r — J- > Taylor
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26 Commissio `teven Holzman
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78
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30 Commi ner — Way c= egal
31 ATTEST:
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33 . . al,,„11...
34 - t M. Prainito, MMC
3 t y Y 0
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38 ( s• . Seal)
39 S V (Q SOARe Accept Skoba V ae doc