HomeMy WebLinkAbout2011-1040-11/07/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1040
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH MICHAEL J. FLAHERTY AND LOUANN
J. FLAHERTY FOR 7438 KIMBALL AVENUE, FOR
PAYMENT OF PROMISSORY NOTE IN CONJUNCTION
WITH THE KIMBALL SOUTH RURAL WATER MAIN
PROJECT AND DIRECTING EXECUTION OF SAID
RELEASE OF REAL ESTATE MORTGAGE BY MAYOR.
WHEREAS, Michael J. Flaherty and Louann J. Flaherty have
paid the Waterloo Water Works the remaining balance of the
Promissory Note and Mortgage for 7438 Kimball Avenue in
conjunction with the Kimball South Rural Water Main Project for
the following described property:
The South One Hundred Sixty-five (165) feet of the
Southeast Quarter (SE's) of the Northeast Quarter (NEk)
of Section No. Twenty-eight (28), Township Eighty-eight
(88) North, Range Thirteen (13) West of the Fifth
Principal Meridian in Black Hawk County, Iowa, except
that part thereof deeded for road purposes.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the Release of Real Estate Mortgage dated
November 7, 2011, for payment of Promissory Note in conjunction
with the Kimball South Rural Water Main Project, by and between
Michael J. Flaherty and Louann J. Flaherty and the City of
Waterloo, Iowa, be and the same is hereby approved, and the Mayor
and City Clerk authorized to execute the same in behalf of the
City of Waterloo, Iowa.
PASSED AND ADOPTED this 7th day of November, 2011.
ATTEST:
Suzy
Aares,
CM
City Clerk
rnest G. Clark, Mayor