HomeMy WebLinkAbout2011-1053-11/07/2011This Resolution prepared by Carol Failor, Deputy City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2011-1053
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH JOSEPH J. SCHAEFER AND JOYCE A.
SCHAEFER FOR 8411 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, Joseph J. Schaefer and Joyce A. Schaefer have paid
the Waterloo Water Works the remaining balance of the Promissory
Note and Mortgage for 8411 Kimball Avenue in conjunction with the
Kimball South Rural Water Main Project for the following
described property:
A part of the Southwest Quarter (SWC) of the Northwest
Quarter (NWk) of Section No. Thirty-four (34), Township
Eighty-eight North, Range Thirteen (13) West of the
Fifth Principal Meridian in Black Hawk County, Iowa,
bounded as follows:
Commencing at a point Thirty-three (33.0) feet East of
the Southwest corner of the Northwest Quarter (NW14) of
said Section; thence North parallel with the West
Section line Three Hundred Fifty-seven and 5/l0ths
(357.5) feet to the place of beginning; thence North
parallel with the West Section line Three Hundred
Fifty-seven and 5/l0ths (357.5) feet; thence East
parallel with the South line of said Northwest Quarter
(NW's) Three Hundred Eighty-two and 54/100's (382.54)
feet; thence South parallel with the West Section line
Three Hundred Fifty-seven and 5/10ths (357.5) feet;
thence West Three Hundred Eighty-two and 54/100's
(382.54) feet to the point 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
Joseph J. Schaefer and Joyce A. 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.
Ernest G. Clar , Mayor
ATTEST:
Suzy S ares, CMC
City C erk