HomeMy WebLinkAboutA005 - Agreement dated January 5, 1994 S
AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
THIS AGREEMENT, made and entered into this S day of January, 1994,
between Buck Construction Company, Inc., of Story County, Iowa, (Owner) and the
City of Ames, Iowa (City).
WITNESSETH:
WHEREAS, Owner is in the process of platting real estate to be known as Arbor
on the Green, a subdivision to Ames, Iowa, and
WHEREAS, Owner is required to construct certain improvements and utilities
within the real estate and to pay reasonable engineering and inspection fees therefor, all
as part of the platting procedure of the City;
NOW, THEREFORE, in consideration of the premises, it is agreed that Owner
shall deposit with the City a surety bond, or certified check, in the amount of
$ � , conditional upon the completion of the improvements and utilities as re-
quired by City for the subdivision.
IT IS FURTHER AGREED that City reserves the right to construct said improve-
ments and utilities in the event Owner fails to do so as agreed, and to cover the costs
thereof with the surety bond or the certified check, as the case may be.
IT IS FURTHER AGREED that upon satisfactory completion of the said im-
provements and utilities, including the paying of a reasonable engineering and inspection
fee, the bond shall be released and the bondsman exonerated, or the certified check shall
be returned to Owner, as the case may be.
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Agreement Page 2
Ja�,ua,.y iq�y
Dated this day of B eeember,
BUCK CONSTRUCTION COMPANY, INC. CITY OF AMES, IOWA
-: BY ✓ BY
-_-ROBERTO. BUCK, President Public Works Dire or—
- B,
Y
AN NE K. BUCK, Secretary
"OWNER" "CITY" =