HomeMy WebLinkAbout2011-348-05/02/2011RESOLUTION NO. 2011-348
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH MARSAU FARMS, LTD. FOR 8231
HAMMOND 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, Marsau Farms, Ltd. has paid the Waterloo Water
Works the remaining balance of the Promissory Note and Mortgage
for 8231 Hammond Avenue in conjunction with the Kimball South
Rural Water Main Project for the following described property:
The North Thirty-three (33.0) feet of the South Ninety-
nine (99.0) feet of the Northwest Quarter (NW' -4) of the
Northwest Quarter (NWS) and the South Sixty-six (66.0)
feet of the West Six Hundred Thirty (630.0) feet of the
Northwest Quarter (NWS) of the Northwest Quarter (NWS);
and the North Two Hundred Seventy-nine (279.0) feet of
the West Six Hundred Thirty (630.0) feet of the
Southwest Quarter (SWC) of the Northwest Quarter (NW-)
all being in Section Thirty-five (35), Township Eighty-
eight (88) North, Range Thirteen (13) West of the Fifth
Principal Meridian in 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
May 2, 2011, for payment of Promissory Note in conjunction with
the Kimball South Rural Water Main Project, by and between Marsau
Farms, Ltd. 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 2nd dayo May, 2011.
E est G. Clark, Mayor
ATTEST:
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Suzy ch res, CMC
City Clerk