HomeMy WebLinkAboutDoc 583 - Deed of Reconveyance - HoughDeschutes County Board of Commissioner ;
1300 NW Wall St., Suite 200, Bend, OR 97701-196 1
(541) 388-6570 - Fax (541) 385-3202 - www.deschutes.or
AGENDA REQUEST & STAFF REPORT
For Board Business Meeting of August 25, 2010.
Please see directions for completing this document on the next page.
DATE: August 17, 2010
FROM: Teresa Rozic Property & Facilities 385-1414
TITLE OF AGENDA ITEM:
Consideration of Signature by County Counsel of Document 2010-583, a Deed of Reconveyance.
PUBLIC HEARING ON THIS DATE? No
BACKGROUND AND POLICY IMPLICATIONS:
At public auction March 20, 2008, William and Bonnie Hough were declared successful bidder foi the
parcel commonly known as 19701 Ridgewood Drive, Bend, 97701. Deschutes County offered
financing for the transaction and Mr. and Mrs. Hough signed a Trust Deed and a Promissory Note 'or
$64,000.00.
On August 3, 2010, the Finance Department advised us that the Houghs had paid the balance owin in
full and had requested a Deed of Reconveyance. As Trustee, Mark Pilliod, Deschutes County Leg d
Counsel, must execute the Deed of Reconveyance.
FISCAL IMPLICATIONS:
Finance Department received a final payoff in the amount of $53,098.08.
RECOMMENDATION & ACTION REQUESTED:
Staff recommends signature by County Counsel of Document 2010-583.
ATTENDANCE: Teresa Rozic
DISTRIBUTION OF DOCUMENTS:
Original to Teresa Rozic for recording with the County Clerk and transmittal to Mr. & Mrs. 1-Ioug i.
REVIEWED
LEGAL COUNSEL
AFTER RECORDING MAIL TO:
William and Bonnie Hough
20373 Chewacan Court
Bend, OR 97702
For Recording Stamp Only
DEED OF RECONVEYANCE
KNOW ALL MEN BY THESE PRESENTS: that the undersigned Trustee under that certain Tr ist
Deed:
Dated: April 21, 2008
Recorded: April 29, 2008
Instrument No. 2008-18735
Official Records of: Deschutes County
Grantor/Trustee: William Hough and Bonnie Hough, Husband and Wife
Trustee: Mark Pilliod
Beneficiary: Deschutes County, Oregon
having received from the beneficiary under said Trust Deed a written request to reconvey , aid
premises, reciting that the obligation secured by said Trust Deed has been fully paid and perforn ed,
does hereby grant, bargain, sell and convey, but without any covenant or warranty, express or
implied, to the person or persons legally entitled thereto, all of the estate held by the undersigne i in
and to that described premises by virtue of said Trust Deed.
Dated this
of , 2010 DESCHUTES COUNTY, OREGON
Mark Pilliod, County Legal Counsel
STATE OF OREGON )
ss.
County of Deschutes )
This instrument was acknowledged before me on , 2010 by I /lark
Pilliod, County Legal Counsel, Deschutes County, Oregon.
Notary Public for Oregon
My Commission Expires:
Document No. 2010-583
DESCHUTES COUNTY DOCUMENT SUMMARY
(NOTE: This form is required to be submitted with ALL contracts and other agreements, regardless of whether the document is to be
on a Board agenda or can be signed by the County Administrator or Department Director, If the document is to be on a Board
agenda, the Agenda Request Form is also required. If this form is not included with the document, the document will be returned to
the Department. Please submit documents to the Board Secretary for tracking purposes, and not directly to Legal Counsel, the
County Administrator or the Commissioners. In addition to submitting this form with your documents, please submit this form
electronically to the Board Secretary.)
Date:
Please complete all sections above the Official Review line
August 17, 20101 Department [Property & Facilitiesl
Contractor/Supplier/Consultant Name: [William Hough and Bonnie Hou h
Contractor Contact: rBonnie Hou_gh1 Contractor Phone #: 541 388.16621
Type of Document: Deed of Reconveyance
Goods and/or Services: N/A
Background & History: At public auction March 20, 2008, William and Bonnie Hough
were declared successful bidder for the parcel commonly known as 19701 Ridgewood
Drive, Bend, 97701. Deschutes County offered financing for the transaction and Mr.
and Mrs. Hough signed a Promissory Note and Trust Deed.
On August 3, 2010, the Finance Department advised us that the Houghs had paid the
balance owing in full and had requested a Deed of Reconveyance. As Trustee, Mark
Pilliod, Deschutes County Legal Counsel, must execute the Deed of Reconveyance.
Agreement Starting Date: Upon signatur J Ending Date:
Annual Value or Total Payment: Payoff amount is $53,098.0$]
Insurance Certificate Received (check box)
Insurance Expiration Date:
Check all that apply:
RFP, Solicitation or Bid Process
Informal quotes (<$150K)
Exempt from RFP, Solicitation or Bid Process (specify — see DCC §2.37)
N/A
Funding Source: (Included in current budget? 1 1 Yes 1 1 No
If No, has budget amendment been submitted?
Yes
Is this a Grant Agreement providing revenue to the County?
Special conditions attached to this grant:
Deadlines for reporting to the grantor:
No
Yes
No
8/17/20 0
If a new FTE will be hired with grant funds, confirm that Personnel has been notified that
it is a grant -funded position so that this will be noted in the offer letter: Yes [ No
Contact information for the person responsible for grant compliance: Name:
Phone #:
Departmental Contact and Title: Teresa Rozic, Property Specialist
Phone #: 385-1414
Department Director Approval:
Signature
Distribution of Document: Original to Teresa Rozic
Date
Official Review:
County Signature Required (check one): [1 BOCC ❑ Department Director (if <$25K)
❑ Administrator (if >$25K but <$150K; if >$150K, BOCC Order No.
Legal Review Date
Document Number
8/1 7/20 I J
Date:
To:
From:
Re:
Deschutes County Finance Departnient
Marty Wynne, Finance Director and Tre;'surer
1300 NW Wall St, Suite 200 • Bend, OR 97701 1960
(541) 388-6559 • Fax [541) 749 2909
www.co.deschuteE or.us
MEMORANDUM
August 3, 2010
Teresa Rozic, Property Management.
Cheryl Circle, Financ ' C1'�
Land Sale Contract Payoff — William & Bonnie Hough
Attached please an amortization schedule of the payments received on a note in
the name of William & Bonnie Hough. The balance owing on this account was
paid in full as of August 2, 2010 by First American Title, though no recording fees
were collected.
I have also attached a copy of the note dated April 2008 and a letter submitted
by First American.
Thanks
Cheryl
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