HomeMy WebLinkAbout2011-1044-11/07/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1044
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH PATRICIA A. MANGRICH AND LAVERN
MANGRICH FOR 34 EAST EAGLE 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, Patricia A. Mangrich and Lavern Mangrich have paid
the Waterloo Water Works the remaining balance of the Promissory
Note and Mortgage for 34 East Eagle Road in conjunction with the
Kimball South Rural Water Main Project for the following
described property:
That part of the Northwest Quarter (NW; -4.) of the
Northwest Quarter (NW14) of Section Twenty-two (22),
Township Eighty-seven (87) North, Range Thirteen (13)
West of the Fifth Principal Meridian in Black Hawk
County, Iowa, described as: Commencing at a point on
the North line of said Section that is Eighteen (18)
rods East of the Northwest corner of said Section;
thence East Ten (10) rods; thence South Eight (8) rods;
thence West Ten (10) rods; thence North Eight (8) rods
to the place of beginning, excepting all legal
highways.
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
Patricia A. Mangrich and Lavern Mangrich 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.
Ernest G. Clark, Mayor
ATTEST:
Suzy ares, MC
City Clerk