HomeMy WebLinkAbout2003-064-01.27.2003 ca 1-4
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‹±ilis Resolution prepared by Nancy Eckert, City Clerk, 715 Mulberry
c tt;Atreet, Waterloo, Iowa.
> 0 RESOLUTION NO. 2003-64
0 RESOLUTION APPROVING SUBORDINATION AGREEMENT
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c.) trl WITH IOWA FINANCE AUTHORITY AND DIRECTING
EXECUTION OF SAID AGREEMENT BY MAYOR.
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BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WATERLOO, IOWA,
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.) that the Subordination Agreement dated January 27, 2003, which
2 places the city' s position on two HOME Program loans as secondary
o"tbthe primary lender in conjunction with Marsh Place, L. P. , by
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and: between Iowa Finance Authority and the City of Waterloo,
Towla, be and the same is hereby approved, and the Mayor
authorized to execute the same in behalf of the City of Waterloo,
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PASSED AND ADOPTED this 27th day of January, 2003.
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John R. "ooff, Mayor k
ATTEST:
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Nancy Eck t, City Clerk