HomeMy WebLinkAboutA002 - Agreement for Public Improvements dated December 7, 1999 Instrument Prepared By:
Deborah S. Krauth, 1416 Buckeye, Ste. 200, Ames, IA 50010; 515-232-3921
AGREEMENT FOR PUBLIC IMPROVEMENTS
FOURTH ADDITION, BENTWOOD SUBDIVISION IN AMES, IOWA,
A REPLAT OF OUTLOT Z, THIRD ADDITION, BENTWOOD
SUBDIVISION, AMES, IOWA
THIS AGREEMENT is made this day ofJ)JQjk,11999, by and
between H&F BUILDERS PARTNERSHIP,an Iowa general partnership("Owner")and the CITY
OF AMES, IOWA, a municipal corporation ("City"), WITNESSETH:
WHEREAS, Owner is in the process of platting real estate to be known as Fourth
Addition, Bentwood Subdivision in Ames, Iowa, a Replat of Outlot Z, Third Addition, Bentwood
Subdivision, Ames, Iowa; and
WHEREAS, Owner is required to construct certain improvements within the
proposed subdivision and to pay reasonable engineering and inspection fees therefor, all as part of
the platting procedures of the City of Ames, Iowa,
NOW, THEREFORE, in consideration of the premises and the approval of the said
plat by the City of Ames,Iowa, it is hereby AGREED that Owner shall deposit with the city a letter
of credit in the sum of Twenty Nine Thousand Dollars($ Z°1, Oo 0 at),conditional upon
the completion of the street and street light construction, to be completed within one(1)year from
the date of the approval and filing of the Final Plat, in accordance with the plans and specifications
therefor within said subdivision as required by the City.
IT IS FURTHER AGREED that the City reserves the right to construct said
improvements in the event that the Owner fails to timely do so and to cover the costs thereof with
the certified check or the surety bond, as the case may be.
IT IS FURTHER AGREED that upon satisfactory completion of said improvements,
including the payment of reasonable engineering and inspection fees therefor, the letter of credit
shall be released and exonerated and returned to Owner.
CITY OF AMES, IOWA H &F BUILDERS PARTNERSHIP
By, �s-�Q -b " 4 Erben A. Hunziker Revocable Trust
Paul Wiegand U Dated July 28, 1992, Partner
Director of Public Works
By: '.Z
Erben A. Hunziker, Truste
Donald and Ruth Furman Revocable Trust
Dated March 1, 1991, Partner
ByLe C �
Donald M. Furman, Co-Trustee
By�,Z�
Ruth W. Furman, Co-Trustee
STATE OF IOWA )
ss:
COUNTY OF STORY )
On this day of ��' 1999, before me, the undersigned, a Notary
Public in and for the State of Iowa, sonally appeared Erben A. Hunziker as Trustee of the Erben
A.Hunziker Revocable Trust dated July 28, 1992,and Donald M.Furman and Ruth W.Furman,Co-
Trustees of the Donald and Ruth Furman Revocable Trust dated March 1, 1991, to me personally
known,who being by me duly sworn, did say that they are partners of H & F Builders Partnership,
an Iowa general partnership, and that the instrument was signed on behalf of the partnership by
authority of the partners and the partners acknowledged the execution of the instrument to be the
voluntary act and deed of the partnership by it and by th n voluntaril executed.
DEBORAH S. KRAUTH Nlofary P blic in and for the State of Iowa
T- MY 0MMIS I EX I S
1OWN _