HomeMy WebLinkAbout2011-347-05/02/20111. 44 -
RESOLUTION NO. 2011-347
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH LOREN F. STEIMEL AND RUTH M.
STEIMEL FOR 10542 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, Loren F. Steimel and Ruth M. Steimel have paid the
Waterloo Water Works the remaining balance of the Promissory Note
and Mortgage for 10542 Kimball Avenue in conjunction with the
Kimball South Rural Water Main Project for the following
described property:
The South One-half (S-�) of Section Nine (9), Township
Eighty-seven (87) North, Range Thirteen (13) West of
the Fifth Principal Meridian in Black Hawk County,
Iowa, subject to all existing liens, EXCEPTING
Beginning at the Southeast corner of said Section Nine
(9); thence North 0° 00' West One Thousand Five Hundred
Nine and 05/100's (1,509.05) feet; thence South 800 48'
West One Thousand Five Hundred Seven and 78/100's
(1,507.78) feet; thence South 100 55' 30" West Two
Hundred Sixty-four and 17/100's (264.17) feet; thence
South 30 49' 30" West Two Hundred Twelve and 97/100's
(212.97) feet; thence North 830 21' West One Hundred
Forty-one and 38/100's (141.38) feet; thence North 570
39' West One Hundred Forty-five and 87/100's (145.87)
feet; thence North 670 59' 30" West Three Hundred One
and 66/100's (301.66) feet; thence North 870 37' West
Two Hundred Ninety-five and 62/100's (295.62) feet;
thence North 820 43' West Two Hundred Eighty-eight and
92/100's feet (288.92) feet; thence South 730 10' West
One Hundred Eighty-two and 18/100's (182.18); thence
South 89° 2' 30" West One Hundred Sixty-five and
1/10ths (165.1) feet; thence South 580 35' 30" West One
Hundred Twenty-eight and 85/100's (128.85) feet; thence
South 740 30' 30" West Two Hundred Eighty-six and
6/10ths (286.6) feet; thence North 80° 17' West Eight
Hundred Ninety-five and 70/100's (895.70) feet; thence
North 570 21' 30" West One Hundred Seventy-six and
5/100's (176.05) feet; thence North 84° 45' 30" West
Sixty-seven and no/100's (67.0) feet; thence North 590
14' 30" West One Hundred Thirty-three and 32/100's
(133.32) feet; thence North 350 17' West One Hundred
Fifteen and no/100's (115.0) feet; thence South 440 18'
West Eight Hundred Seven and 55/100's (807.55) feet;
thence South 00 l' West Nine Hundred Twenty-three and
15/100's (923.15) feet along the West line of said
Section Nine (9) to the Southwest corner of said
Section Nine (9); thence East to the Southeast corner
of said Section Nine (9) the point of beginning, AND
ALSO EXCEPTING
Commencing at the Northeast corner of the South half
(S',�) of Section Nine (9); thence West along the North
line thereof a distance of Three Hundred Twenty-four
and no/100's (324.0) feet; thence South parallel with
the East line of said Section a distance of Three
Hundred Five and no/100's (305.0) feet; thence East to
the East line of said Section; thence North to the
point of beginning, and also excepting all legal
highways, all in the City of Waterloo, Black Hawk
County, Iowa.
Resolution No. 2011-347
Page 2
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the Release of Real Estate Mortgage dated
May 2, 2011, for payment of Promissory Note in conjunction with
the Kimball South Rural Water Main Project, by and between Loren
F. Steimel and Ruth M. Steimel 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
ATTEST:
zy S ares, CMC
City Clerk
2nd day of May, 2011.
Ernest G. Clark, Mayor