HomeMy WebLinkAboutA010 - Agreement for Public Improvements with William C. Knapp Revocable Trust STORY Comm, IOWA
FILED FOR RECORD 0
f IN SEP 1 2 1997 FQ
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Document prepared POPOPW I qjF96
AFn"Tot by: D.Nelson 666 Walnut St., Suite 2500 Des Moines,IA 50309 515-288-2501 ft F"_
AGREEMENT FOR PUBLIC IMPROVEMENTS
THIS AGREEMENT, made and entered into this l day of September, 1997, between
William C. Knapp, Trustee of the William C. Knapp Revocable Trust, hereinafter referred to as
"Owner" and the City of Ames, Iowa, hereinafter referred to as "City".
WITNESSETH:
WHEREAS, Owner is in the process of platting real estate to be known as Bloomington
Heights Plat 6, City of Ames, Iowa,; and,
WHEREAS, Owner is required to construct certain improvements and utilities within
said real estate, to-wit: asphalt ($20,000.00), street lights ($13,855.00), and sidewalks
($49,700.00), 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 hereby agreed that the Owner
shall deposit with the City a surety bond or certified check in the amount of$83,555.00,
conditional upon the completion of the improvements and utilities as required by the City for
said Subdivision.
IT IS FURTHER AGREED that the City reserves the right to construct said
improvements and utilities in the event Owner fails to do so as herein 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 said improvements and
utilities, including the paying of a reasonable engineering and inspection fees therefor, the bond
shall be released by the City and the bondsman exonerated, or the certified check shall be
returned to the Owner, as the case may be.
hAddn24701.97
WILLIAM C. KNAPP REVOCABLE TRUST,
OWNER
William C. Kn pp, Trus
CITY OF AMES, IOWA '
Paul D. Wiegand, Public Works Director
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