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Home My WebLink AboutDoc 733 - Deed of Reconvey - KingfisherDeschutes County Board of Commissioners 1300 NW Wall St., Suite 200, Bend, OR 97701-1960 (541) 388-6570 - Fax (541) 385-3202 - www.deschutes.org AGENDA REQUEST & STAFF REPORT For Board Business Meeting of December 27, 2010 Please see directions for completing this document on the next page. DATE: December 21, 2010 FROM: Teresa Rozic Property & Facilities 385-1414 TITLE OF AGENDA ITEM: Consideration of Signature by County Counsel of Document 2010-733, a Deed of Reconveyance. PUBLIC HEARING ON THIS DATE? No BACKGROUND AND POLICY IMPLICATIONS: At public auction March 20, 2008, John Sidman was declared successful bidder for the parcel commonly known as 17383 Kingfisher Drive, Bend. Deschutes County offered financing for the transaction and Mr. Sidman paid $11,200.00 cash as a down payment and signed a Trust Deed and a Promissory Note for $44,800.00. On December 6, 2010, the Finance Department advised us that Mr. Sidman 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. FISCAL IMPLICATIONS: Finance Department received a final payoff in the amount of $51,342.25. RECOMMENDATION & ACTION REQUESTED: Staff recommends signature by County Counsel of Document 2010-733. ATTENDANCE: Teresa Rozic DISTRIBUTION OF DOCUMENTS: Original to Teresa Rozic for recording with the County Clerk and transmittal to Mr.Sidman. Upon signature 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 December 21, 2010 Contractor/Supplier/Consultant Name: Contractor Contact: John Sidman Department: John Sidman Type of Document: Deed of Reconveyance Goods and/or Services: N/A Property & Facilities Contractor Phone #: 541.598.0301 Background & History: At public auction March 20, 2008, John Sidman was declared successful bidder for the parcel commonly known as 17383 Kingfisher Drive, Bend. Deschutes County offered financing for the transaction and Mr. Sidman signed a Promissory Note and Trust Deed. On December 6, 2010, the Finance Department advised us that Mr. Sidman 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: Annual Value or Total Payment: Ending Date: Payoff amount is $51,342.25 ❑ Insurance Certificate Received check box) Insurance Expiration Date: NIA Check all that apply: ❑ RFP, Solicitation or Bid Process ❑ Informal quotes (<$150K) ❑ Exempt from RFP, Solicitation or Bid Process (specify — see DCC §2.37) Funding Source: (Included in current budget? ❑ Yes ❑ No If No, has budget amendment been submitted? ❑ Yes ❑ No Is this a Grant Agreement providing revenue to the County? ❑ Yes ❑ No Special conditions attached to this grant: 12/21/2010 Deadlines for reporting to the grantor: 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: Tere a Rozic, Property Specialist Phone #: 385-1414 Department Director Approval: 21017-016 Signature Date Distribution of Document: Original to Teresa Rozic Official Review: County Signature Required (check one): CI BOCC ❑ Department Director (if <$25K) ❑ Administrator (if >$25K but <$150K; if >$150K, BOCC Order No. Legal Review Date Document Number 2010-733 12/21/2010 ES W-A Deschutes County Finance Department Q / .< Marty Wynne, Finance Director and Treasurer Iiiir—, 1300 NW Wall St, Suite 200 • Bend, OR 97701-1960 (541) 388-6559 • Fax (541) 749-2909 www.co.deschutes.or.us MEMORANDUM Date: December 6, 2010 To: Teresa Rozic, Property Management From: Cheryl Circle, Financ Re: Land Sale Contract Payoff — John Sidman Attached please an amortization schedule of the payments received on two notes in the name of John Sidman. The balance owing on this account has been paid in full by Mr. Sidman on December 1, 2010. We did not collect any recording fees. Our records indicate the original loans dated May 1, 2008 were on property described as Lot 3 Block 49 Oregon Water Wonderland Unit No. 2 and Lot 19 Block 27 Oregon Water Wonderland Unit No. , Deschutes County, Oregon. Any questions I can be reached at ext. 4399. Thanks Cheryl RECD DEC 0 8 2010 X82010 AMORTIZATION SCHEDULE 0 PRINCIPAL CHARGE CODE: N 0 W INTEREST CHARGE CODE: PENALTY CHARGE CODE: 'z, Off) \oHOW • ox 0000 O •Ea to • •\ F7 OZ N M 0 00 .0 N CO 2 VD to M d O O N N Q L} H H fn .. .. .. .. .. .. .. F(XWWHE-(W fHHZZE- wzFCwpFC ££OH I OQ �CWaP<F=C0 WFCRCWa> 01 F(X4 HOHZHZU (xE H'Zw o w OP( • 0 PRINCIPAL INTEREST PAYMENT PMT DATE ONOO1000101 NlO d'ID 00 HOD N OI N 0 HH ,-1NW Wd'0010 Ln N 011D d',-1 co Cf.d'MMMMNN d' d'Cf. d' d' d' d' d' O W N H Ol O H 0 W tf1NN WNlDlO W N W N H r W O WWCPMCVd'0 O1 NNNNNMNN HMO10NHOH Ncf. 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Cf. d' d' d' M M M WIO N N O1 WOl0 N 0 tf)N NN d'NH OMHMOH CNI OW LII N O M tf) N M H14 lO M LII OI OI N OI H N OI HM N M N N N N N M N M N M M Wd' OI N MH to CPHlOd' NN lf) N Wtf)Ol0 W N O1W 0IOCV f` tllNO N tf) O1HW d'<Od' 00M H W NO 011O N H N N N N N H N H N H H H H H H H H H H H H 0 0 0 O 0 0 0 0 0 0 0 0 M M M M M M M M M M M M 000000000000 Ln Ln Lf) to Lf) Lf) to Ln to Ln Lf) Lf) 010101010101010101010101 000000000000 \\\\\\\\\\\\ N tf) H 01 W O O VD to H MW 0 N M N N M M N 0 N ON \\\\\\\\\\\\ NN M d' to (Oh 0000 NN HH H O10 H N Md' LOlON W 010 H H ,-1 H H H H H H H N un N N W to 011O d' tf) Md' tfl0 tf1H 0 O1 ODI.NOD N WO HHIOW WN( HCVMM- HNHNl0O1NO1lON co tf) N Ol to N 0110 mo W W Whhhlplolo D M M M M M M M M M M N d' (fllO M N 01 N 0101 to O d'MHOHd'Hd'OWW O1 O Ln O to t` O H C H N I. M <D 0 01010W<DNNWNMN 0 0 N N M N M N M N M M O H co Ol N Wt f) W OIN OI N NO tnl0 W O1W to W to O1HH N N N tf) N H W H to W N OH O1HcrMNNNWN N N H N H N H N H H N N HH HHIHHHHHtf) • 000000000001 l0 M M M M M M M M M M M OOOOOOOOOOtf) O lfl lfl lfl to tf) to lf) lf) lfl lf) N <D <D L } M YEAR 09 TOTALS 00000000000 H H H H H H H H H H H \\\\\\\\\\\ W H H M tf) 0 W H 01 lOH NOMONMNONNO \\\\\\\\\\\ H M M to to lO N 01010N H H NMd' tlllO t` W O10H N N N N N N N N N M M YEAR 10 TOTALS FINAL TOTALS REVIEWED LEGAL COUNSEL AFTER RECORDING MAIL TO: John Sidman PO Box 3352 Sunriver, OR 97707 For Recording Stamp Only DEED OF RECONVEYANCE KNOW ALL MEN BY THESE PRESENTS: that the undersigned Trustee under that certain Trust Deed: Dated: Recorded: Instrument No. Official Records of: Grantor/Trustee: Trustee: Beneficiary: April 23, 2008 April 29, 2008 2008-18737 Deschutes County John Sidman, an Individual Mark Pilliod Deschutes County, Oregon having received from the beneficiary under said Trust Deed a written request to reconvey said premises, reciting that the obligation secured by said Trust Deed has been fully paid and performed, 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 undersigned 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 Mark Pilliod, County Legal Counsel, Deschutes County, Oregon. Notary Public for Oregon My Commission Expires: Document No. 2010-733