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5 ‹Th.ts Resolution prepared by Nancy Eckert , City Clerk, 715 Mulberry
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RESOLUTION NO. 2001-657
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RESOLUTION APPROVING SUBORDINATION AGREEMENT
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• 17.)
EXECUTION OF SAID SUBORDINATION AGREEMENT BY
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MAYOR.
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BE IT RESOLVED BY THE COUNCIL OF THE CITY OF WALERLOO, IOWA,
L;t114 the Subordination Agreement dated December 3 , 2001 to keep
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1-1.002 city in second lien position in conjunction with $3 , 000 . 00
jcirgivable down payment loan granted to David and Michelle Kodama
through the Ministerial Alliance Down Payment Program, be and the
same is hereby approved, and the Mayor authorized to execute the
same in behalf of the City of Waterloo, Iowa .
PASSED AND ADOPTED this 31(1 day of December, 2001 .
Joh R. ooff , Ma
ATIEST:
Nancy Eckert , City Clerk