HomeMy WebLinkAbout2011-1049-11/07/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1049
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH RICHARD L. SWEET AND MARJORIE
A. SWEET FOR 8509 HAMMOND 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, Richard L. Sweet and Marjorie A. Sweet have paid
the Waterloo Water Works the remaining balance of the Promissory
Note and Mortgage for 8509 Hammond Avenue in conjunction with the
Kimball South Rural Water Main Project for the following
described property:
A part of the Northwest Quarter (NW's) of the Southwest
Quarter (SW's) of Section Thirty-five (35), Township
Eighty-eight (88) North, Range Thirteen (13) West of
the Fifth Principal Meridian in Black Hawk County,
Iowa, bounded as follows: Commencing at the Northwest
corner of said Southwest Quarter (SW's); thence South
along the West line of said Southwest Quarter (SWi) Two
Hundred (200.0) feet; thence East Seven Hundred Fifty-
one (751.0) feet; thence North Two Hundred (200.0) feet
to the North line of said Southwest Quarter (SWC);
thence West along said North line Seven Hundred Fifty-
one (751.0) feet to the place of beginning.
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
Richard L. Sweet and Marjorie A. Sweet 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 cares, CMC
City Clerk