HomeMy WebLinkAbout2013-603-07/15/2013Prepared by Carol Failor, Deputy City Clerk, City of Waterloo,
715 Mulberry Street, Waterloo, IA 50703, (319) 291-4323.
RESOLUTION NO. 2013-603
RESOLUTION APPROVING RELEASE OF REAL ESTATE
MORTGAGE WITH NATIONAL CATTLE CONGRESS, INC.
FOR PAYMENT OF THE BALANCE OF A CERTAIN
MORTGAGE DATED OCTOBER 15, 1985 AND DIRECTING
EXECUTION OF SAID RELEASE OF REAL ESTATE
MORTGAGE BY MAYOR.
WHEREAS, the National Cattle Congress has paid the City of
Waterloo the balance of a certain mortgage dated October 15, 1985
for the following described property:
Parcel 1:
The Northeast Quarter of the Southwest Fractional
Quarter and all that part of the Northwest Quarter of
the Southeast Quarter described as beginning at the
Northwest corner of the Northwest Quarter of the
Southeast Quarter; thence North 89 degrees 58 minutes
51 seconds East along the Northerly line of the
Southeast Quarter 100 feet; thence South 0 degrees 6
minutes 48 seconds West along a line parallel with the
Southeast Quarter 1,069.31 feet to the beginning of a
curve concave Northeasterly having a radius of 686.62
feet; thence Southeasterly 259.1 feet along the curve
through a central angle of 21 degrees 37 minutes 15
seconds to a point on the Southerly line of the
Northwest Quarter of the Southeast Quarter, which point
is 148.31 feet Easterly from the Southwest corner of
the Northwest Quarter of the Southeast Quarter; thence
North 90 degrees West along the Southerly line 148.31
feet to the Southwest corner of the Northwest Quarter
of the Southeast Quarter; thence North 0 degrees 6
minutes 48 seconds East along the Westerly line of the
Southeast Quarter 1,322.37 feet to the point of
beginning.
All in Section No. 6, Township No. 88 North, Range No.
13 West of the Fifth Principal Meridian, Waterloo,
Black Hawk County, Iowa.
Parcel 2:
That part of the Southwest Quarter and of the Southeast
Quarter of Section 6, Township 88 North, Range 13 West
of the 5th P.M., Black Hawk County, Iowa, described as
follows:
Commencing at the Southwest corner of said Section 6;
thence North 000 00' 00" East, 1,320.50 feet, along the
West line of the Southwest Quarter of said Section 6;
thence North 890 42' 54" East, 818.14 feet, to the
point of beginning; thence North 890 42' 54" East,
2,285.88 feet; thence North 890 42' 42" East, 595.69
feet, to a point on the Northwesterly right-of-way line
of the Chicago, Great Western Railroad (abandoned);
thence South 35° 31' 30" West, 850.21 feet, along said
line; thence North 720 26' 10" West, 1,005.02 feet;
thence Westerly 637.85 feet, along a 7,789.65 foot
radius curve, concave Southerly, having a chord bearing
North 750 14' 03" West, 637.67 feet; thence North 770
34' 36" West, 835.86 feet; thence North 06° 19' 51"
East, 32.15 feet, to the point of beginning, except
that part dedicated for street purposes in 268 Misc 801
and known as Greyhound Drive, Black Hawk County, Iowa.
r
Resolution No. 2013-603
Page 2
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
WATERLOO, IOWA, that the Release of Real Estate Mortgage dated
July 15, 2013, with National Cattle Congress, Inc. for full
payment of a certain mortgage dated October 15, 1985, 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 15th day of July, 2013.
, e"Z --/,
Ernest G. Clark, Mayor
ATTEST:
C4
z:--)
Suzy Scha es, CMC
City Clem