Section 107-168; Res. 60-06; Authorizing the City Manager to execute a Partial Deed of Release on a Community Development Block Grant loan to Boys Town of Missouri, Inc.


Council Bill No. R 60-06

     A RESOLUTION

authorizing the City Manager to execute a Partial 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 Pathways Community Behavioral Healthcare, Inc. for properties located at 401 and 403 Dysart, the City Manager is authorized to execute a Partial Deed of Release on a Community Development Block Grant loan to Boys Town of Missouri, Inc. on properties located at 401 and 403 Dysart.  The form and content of the Partial Deed of Release shall be substantially as set forth in "Attachment A" attached hereto and made a part hereof as fully as if set forth herein verbatim.

    ADOPTED this 6th day of March, 2006.