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HomeMy WebLinkAboutCA Financing Request - Harrell - 762 Clay St EXECUTIVE SUMMARY AGENDA ITEM: Request for financing of Developer Agreement charges for a wastewater service to 762 Clay Street, Fleming Island, Clay County, Florida. BACKGROUND: CCUA staff received the attached financing request from Mrs. Amy Harrell, who is requesting the Board of Supervisors' approval to finance the Developer Agreement charges of$10,503.03 for a wastewater service at the above-referenced property, under our normal financing arrangements, for a period of ten (10) years. As stated in the request, Mr. and Mrs. Harrell are unable to afford such a large expense in one lump sum payment due to the recent purchase of their home and limited funds for the multiple unexpected repairs being required. RECOMMENDATION: la a Due to limited risk, staff respectfully recommends approval of Mr. and Mrs. Harrell request to la finance the Developer Agreement charges of$10,503.03. CCUA has granted similar terms to o other property owners. In addition, CCUA has lien rights as Mr. and Mrs. Harrell hold title to 3 the subject property. This assures CCUA will recover the principal and accrued interest in the z event of a default. ce ATTACHMENTS: 1. Financing request dated 2/7/2023 from Mrs. Harrell 2. Area map I //SB (Author) //JC (Final) X:\Service Availability\Service Availability Analyst\EXECUTIVE SUMMARYS\Financing Regnest.Harrell.docx Summer Berndt From: Jennifer Cron Sent: Tuesday, February 7, 2023 4:34 PM To: Summer Berndt Subject: FW: Updated Request for Estimate - 762 Clay Street Attachments: Homestead Exemption form.pdf Follow Up Flag: Follow up Flag Status: Flagged Jennifer M. Cron Service Availability Analyst Clay County Utility Authority 3176 Old Jennings Road Middleburg, Florida 32068 904-213-2480 jcron@clayutility.org From:Amy Harrell <aebarberll@gmail.com> Sent: Monday, February 6, 2023 7:06 PM to To:Jennifer Cron <jcron@clayutility.org> Subject: Re: Updated Request for Estimate-762 Clay Street This Message Is From an Untrusted Sender You have not previously corresponded with this sender. Good afternoon - We would like to move forward with connecting to city sewer. Would you please advise if financing is available? We are unable to afford a $16,000 estimate from the plumber and the$10,000+estimate from clay utilities out right. As the plumber does not offer financing we had to choose. If financing is not an option, please let us know as soon as possible so we can look into other options and move forward. I've attached a copy of our homestead paperwork that we are submitting this week to the county. Please let me know if you have any questions or need any additional information. Thank you, Amy Harrell On Fri,Jan 27, 2023 at 11:37 AM Jennifer Cron <jcron@clayutility.org>wrote: Good Afternoon,