Section 106-479; Res. 173-05; Authorizing the City Manager to execute a Full Deed of Release on a Community Development Block Grant loan to Boys Town of Missouri, Inc.


Council Bill No.          R 173-05          


A RESOLUTION

authorizing the City Manager to execute a Full Deed of Release on a Community Development Block Grant loan to Boys Town of Missouri, Inc.

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.    Upon receipt of a substitute promissory note and Deed of Trust from Boys Town of Missouri, Inc. for property located at 4034 Bearfield Road, the City Manager is authorized to execute a Full Deed of Release on a Community Development Block Grant loan to Boys Town of Missouri, Inc. on properties located at 109 W. Forest and 403 Dysart.  The form and content of the Full Deed of Release shall be substantially as set forth in "Exhibit A" attached hereto and made a part hereof as fully as if set forth herein verbatim.
    
    ADOPTED this 15th day of August, 2005.