HomeMy WebLinkAbout2011-1048-11/07/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1048
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH MARY MARGARET STEIMEL AND
MELVIN W. STEIMEL FOR 10319 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, Mary Margaret Steimel and Melvin W. Steimel have
paid the Waterloo Water Works the remaining balance of the
Promissory Note and Mortgage for 10319 Kimball Avenue in
conjunction with the Kimball South Rural Water Main Project for
the following described property:
The South One-half (S) of the Northwest Quarter (NW's)
of Section Ten (10), Township Eighty-seven (87) North,
Range Thirteen (13) West of the Fifth Principal
Meridian in Black Hawk County, Iowa, except that part
conveyed for road purposes in Land Deed 105, Page 449
and Land Deed 123, Page 73, containing Seventy-six (76)
acres more or less.
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
Mary Margaret Steimel' and Melvin W. 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.
ATTEST:
Ernest G. Clark, Mayor
Suzy ' dares, CMC
City Clerk