HomeMy WebLinkAbout2005-325-04.18.2005 Thas-Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
Stgeet, Waterloo, Iowa.
ram: s RESOLUTION NO. 2005-325
-11 c
RESOLUTION APPROVING SETTLEMENT OF LOAN #RED-
40 FROM MAX GUERNSEY ESTATE.
T BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
that the Settlement of Loan #RED-40 dated April 18, 2005, in the
amount of $26, 962 . 75, the maximum guarantee, for a loan made to
-' Auto Tech, Inc. in the amount of $50, 000 . 00, with a current
pr ncipal balance of $36, 472 . 18, by and between the Max Guernsey
Estate, and the City of Waterloo, Iowa, be and the same is hereby
N approved.
fre, PASSED AND ADOPTED this 18th day of April, 2005 .
re L'
C _
Tim Hurley, or
ATTEST:
Nancy Ecke , CMC
City Clerk