HomeMy WebLinkAboutA027 - Resolution No. 93-321 adopted August 24, 1993 �oW A
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RESOLUTION NO. 93- 321 .,� Mp Rkp del
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RESOLUTION AUTHORIZING THE MAYOR Su 1Q
TO EXECUTE CERTIFICATE FOR ,A�cdmgFee�
RELEASE OF LIENS AND PARTIAL RELEASE Fee$
OF REAL ESTATE MORTGAGE FOR LOT 5, Mud►tors
AMES COMMUNITY INDUSTRIAL PARR SUBDIVISION,
AMES, IOWA
WHEREAS, purchasers of the recently created Lot 5, Ames
Community Industrial Park Subdivision, Ames, Iowa, have requested
that the City execute a Certificate to the effect that liens
against this property are released; and
WHEREAS, verification has been received that assessments
against this particular property have been paid and that the
security of the Mortgage executed by Ford Street Development
Company to City of Ames, Iowa, filed in the office of the Recorder
of Story County, Iowa, on June 24 , 1992 , in Book 459, commencing
at page 71, will have a market value of not less than $458, 000. 00
as provided in the Development Agreement for the Ames Community
Industrial Park Tax Increment Finance District, dated June 1, 1992 ,
and filed in the office of the Recorder of Story County, Iowa, on
June 9, 1992 , in Book 326, commencing at page 131, after the
requested Certificate and Partial Release of Real Estate Mortgage
is executed,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Ames, Iowa, that the Mayor and City Clerk are hereby
authorized to execute the Certificate and Partial Release of Real
Estate Mortgage on behalf of the City as attached hereto and made
a part hereof by this reference.
ADOPTED THIS 24th day of August ,:1993`1.
Sandra L. Ryan, City Clerk `Larry R Curtis, 4ayor
Introduced by: Hoffman
Parks
Second by:
Voting aye: Campbell , Hertz, Hoffman, Parks, Wirth
Voting nay: None
Absent: Brovrn
Resolution declared adopted and signed by the Mayor this 24th day
of August , 1993 .
m 545 146
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