HomeMy WebLinkAbout2011-1041-11/07/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1041
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH KAROLYN E. HARMON AND JAY H.
HARMON FOR 400 W. SCHROCK ROAD, 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, Karolyn E. Harmon and Jay H. Harmon have paid the
Waterloo Water Works the remaining balance of the Promissory Note
and Mortgage for 400 W. Schrock Road in conjunction with the
Kimball South Rural Water Main Project for the following
described property:
The North Six Hundred Twenty-two and 3/10ths (622.3)
feet of the South Six Hundred Seventy-two and 3/10ths
(672.3) feet of the East Two Hundred Ten (210.0) feet
of the West Five Hundred Forty (540.0) feet of the
Southwest Quarter (SW'1) of the Southeast Quarter (SE'1)
of Section Twenty-eight (28), Township Eighty-eight
(88) North, Range Thirteen (13) West of the Fifth
Principal Meridian in Black Hawk County, Iowa.
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
Karolyn E. Harmon and Jay H. Harmon 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:
uzy S .res, MC
City Cle k
7041
rnest G. Clark, Mayor