HomeMy WebLinkAbout2000-048-01.24.2000 This Resolution prepared by Nancy Eckert, City Clerk, 715
Mulberry Street, Waterloo, Iowa.
RESOLUTION NO. 2000-48
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE FOR KE I TH L. AND DONNA L. YOUNG, 226
W. SCHROCK ROAD, 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, Keith L. and Donna L. Young, 226 W. Schrock
Road, have paid the Waterloo Water Works the remaining balance
of the Promissory Note and Mortgage in conjunction with the
Kimball South Rural Water Main Project for the following
described property:
The North Six Hundred Twenty-two and Three-tenths
(622 . 3) feet of the South Six Hundred Seventy-two
and Three-tenths (672 . 3) feet of the East Two
Hundred Ten (210) feet of the West One Thousand Six
Hundred Fifty (1, 650) feet of the Southeast Quarter
(SEk) of Section Twenty-eight (28) , Township
Eighty-eight (88) North, Range Thirteen (13) West
of the Fifth Principal Meridian, all in the City of
Waterloo, Black Hawk County, Iowa.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE
CITY OF WATERLOO, IOWA, that the Release of Real Estate
Mortgage dated January 24, 2000, for payment of Promissory
Note in conjunction with the Kimball South Rural Water Main
Project, by and between Keith L. and Donna L. Young, 226 W.
Schrock Road, and the City of Waterloo, Iowa, 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 24th day of January, 2000.
Ade
Joh► R. '•off, Mayor4040
ATTEST:
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Nancy Eck t, City Clerk