HomeMy WebLinkAbout2011-1050-11/07/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1050
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH CARL W. SCHAEFER AND JANET M.
SCHAEFER FOR 12049 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, Carl W. Schaefer and Janet M. Schaefer have paid
the Waterloo'Water Works the remaining balance of the Promissory
Note and Mortgage for 12049 Kimball Avenue in conjunction with
the Kimball South Rural Water Main Project for the following
described property:
The South Two Hundred Forty-eight and 95/100's (248.95)
feet of the North Six Hundred Sixty-eight and 85/100's
(668.85) feet of the West Two Hundred Twenty-five and
no/100's (225.0) feet, except County Road right-of-way,
of the Northwest Quarter (NW'1) of the Northwest Quarter
(NW114) of Section Twenty-two (22), 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
Carl W. Schaefer and Janet M. Schaefer 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:
re
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est G. Clark, Mayor