HomeMy WebLinkAbout2011-1051-11/07/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1051
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH SCOTT MATTHEW HOTTLE AND
ELIZABETH ROSE HOTTLE FOR 9526 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, Scott Matthew Hottle and Elizabeth Rose Hottle have
paid the Waterloo Water Works the remaining balance of the
Promissory Note and Mortgage for 9526 Kimball Avenue in
conjunction with the Kimball South Rural Water Main Project for
the following described property:
The North Six Hundred Nine and 33/100's (609.33) feet
of the East Four Hundred Forty-eight and 30/100's
(448.30) feet of the Northeast (NE's) of the Southeast
Quarter (SE's) of Section Four (4), Township Eighty-
seven (87) North, Range Thirteen (13) West of the Fifth
Principal Meridian in Black Hawk County, Iowa, subject
to legal highways and to easements and Ordinances of
record, if any.
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
Scott Matthew Hottle and Elizabeth Rose Hottle 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:
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Suzy Sh$4es, CMC
City Clerk
nest G. Clark, Mayor