To: MAYOR AND CITY COUNCIL
From: ELIZABETH HAUSE, WATERFRONT AND COMMUNITY SERVICES DIRECTOR
TITLE
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APPROVE THE SUBSTITUTION OF TRUSTEE AND FULL RECONVEYANCE OF THE REHABILITATION LOAN LIENS FOR 2522 ROBINSON STREET, REDONDO BEACH, CA 90278, UPON FULL REPAYMENT OF $88,495.40 UNDER THE DEFERRED PAYMENT LOAN PROGRAM
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EXECUTIVE SUMMARY
Staff recommends the City Council approve the Substitution of Trustee and Full Reconveyance of the rehabilitation loan liens recorded against 2522 Robinson Street, Redondo Beach, CA 90278. The property owner, Beverly A. Whitaker, received two rehabilitation loans through the City’s former Deferred Payment Loan Program in 2008 and 2010. The loans were secured by liens recorded against the property and are required to be repaid, including accrued interest, before being released.
On August 28, 2026, the City received a cashier’s check from First American Trust in the amount of $88,495.40, representing payment in full of the two outstanding rehabilitation loans, identified as Deferred Loan Instrument Nos. 20081342035 and 20100409534. As the loans have been fully repaid, the City Council’s approval of the Substitution of Trustee and Full Reconveyance will authorize release of the City’s liens against the property.
BACKGROUND
The former Redevelopment Agency provided rehabilitation loans to qualifying low-income Redondo Beach homeowners through the Deferred Payment Loan Program. The program provided low-interest financing for eligible home improvements, including roofing, plumbing, electrical, and bathroom repairs. The loans were secured by liens recorded against the assisted properties and were to be repaid in accordance with the terms of the applicable loan agreements.
On December 15, 2008, Beverly A. Whitaker received a $54,911 rehabilitation loan for improvements to 2522 Robinson Street. On March 11, 2010, Ms. Whitaker received an additional $8,300 rehabilitation loan for further rehabilitation work. Both l...
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