File #: 19-0595    Name:
Type: General Agenda Item Status: Passed - County Administrative Office
File created: 7/16/2019 In control: Board of Supervisors
On agenda: 7/23/2019 Final action: 7/23/2019
Title: a. Receive request from Executrix, Peggy Silvestri, of the Epie L. Fresquez and Tomasa M. Fresquez Estate to forgive the accrued interest on her deceased parent's CalHome loan in the amount of $18,990.41 and their HOME loan in the amount of $63,152.89 accrued through July 31, 2019; and b. Deny the request from Executrix, Peggy Silvestri, of the Epie L. Fresquez and Tomasa M. Fresquez Estate to forgive the accrued interest on her deceased parent's CalHome loan in the amount of $18,990.41 and their HOME loan in the amount of $63,152.89 accrued through July 31, 2019; or c. Provide further direction to staff as appropriate.
Attachments: 1. Board Report, 2. Exhibit A - Copy of Est Seller’s Stmnt and Costs Incurred by Peggy Silvestri, Executrix of the Estate, 3. Exhibit B - Copy of Email dated 3.28.19 from Peggy Silvestre, 4. Exhibit C - Copy of HOME loan payoff thru 7.31.19, 5. Exhibit D - Copy of CalHome loan payoff thru 7.31.19, 6. Exhibit E -Copy of email dated April 5, 2018, 7. Exhibit F - Copy of Letter from Peggy Silvestre to Sup John M. Phillips dated 6.29.19, 8. Exhibit G - Copy of Email from Jane Barr to HCD dated 7.30.12, 9. Exhibit H -Copy of letter dated 11.2.11 from Gretchen Markley to Peggy Silvestri, 10. Exhibit I - Copy of letter dated 10.12.12 from Gretchen Markley to Peggy Silvestri, 11. Exhibit J - Copy of email dated 8.7.12 from Jane Bar to Peggy Silvestri, 12. Exhibit K - Copy of email dated 12.18.17 from David Spaur to Elizabeth Ruiz, 13. Item No. 15 Completed Board Order
Title
a. Receive request from Executrix, Peggy Silvestri, of the Epie L. Fresquez and Tomasa M. Fresquez Estate to forgive the accrued interest on her deceased parent's CalHome loan in the amount of $18,990.41 and their HOME loan in the amount of $63,152.89 accrued through July 31, 2019; and
b. Deny the request from Executrix, Peggy Silvestri, of the Epie L. Fresquez and Tomasa M. Fresquez Estate to forgive the accrued interest on her deceased parent's CalHome loan in the amount of $18,990.41 and their HOME loan in the amount of $63,152.89 accrued through July 31, 2019; or
c. Provide further direction to staff as appropriate.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Receive request from Executrix, Peggy Silvestri, of the Epie L. Fresquez and Tomasa M. Fresquez Estate to forgive the accrued interest on her deceased parent's CalHome loan in the amount of $18,990.41 and their HOME loan in the amount of $63,152.89 accrued through July 31, 2019; and
b. Deny the request from Executrix, Peggy Silvestri, of the Epie L. Fresquez and Tomasa M. Fresquez Estate to forgive the accrued interest on her deceased parent's CalHome loan in the amount of $18,990.41 and their HOME loan in the amount of $63,152.89 accrued through July 31, 2019; or
c. Provide further direction to staff as appropriate.

SUMMARY:
On June 21, 2006, the County's Housing Loan Committee approved a rehabilitation loan to replace Epie L. Fresquez and Tomasa M. Fresquez' existing home at 419-A Hyland Drive, Salinas, CA 93907 with a 3-bedroom, 2-bath manufactured home. Two (2) funding sources were utilized for their loan request-- 02HOME-0620 and 04CalHOME originating from the Housing and Community Development Department of the State of California (HCD). Agreement terms for repayment of the loan principal and interest was deferred until such time as the property was either sold or transferred to someone other than a spouse or original co-borrower, or the borrowers ceased to o...

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