HomeMy WebLinkAbout2011-1043-11/07/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1043
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH MELVIN W. STEIMEL AND MARY
MARGARET STEIMEL FOR 10826 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, Melvin W. Steimel and Mary Margaret Steimel have
paid the Waterloo Water Works the remaining balance of the
Promissory Note and Mortgage for 10826 Kimball Avenue in
conjunction with the Kimball South Rural Water Main Project for
the following described property:
Commencing at a point on the East line of Section Nine
(9), Township Eighty-seven (87) North, Range Thirteen
(13) West of the Fifth Principal Meridian in Black Hawk
County, Iowa, that is located Four Hundred Sixty-one
and 34/100's (461.34) feet North of the Southeast
corner of said Section; thence Three Hundred forty-five
and 18/100's (345.18) feet West at right angles to the
East line of said Section; thence North Four Hundred
Forty-two and 82/100's (442.82) feet parallel to the
East line of said Section; thence East Three Hundred
Forty-five and 18/100's (345.18) feet to the East line
of said Section; thence South along the East line of
said Section to the place of beginning, all in said
Section Nine (9), Township Eighty-seven (87) 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
Melvin W. Steimel and Mary Margaret Steimel 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.
est G. Clark, Mayor
ATTEST:
Suzy ', ares, CMC
City 01 rk