HomeMy WebLinkAboutA013 - Agreement for Public Improvements dated October 27, 1998 AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement are William C. Knapp, Trustee of the William C. Knapp
Revocable Trust Polk County, Iowa, hereinafter referred to as "Owner", and the City of Ames,
hereinafter referred to as"City
WHEREAS, the Owner is in the process of platting real estate to be known as Bloomington
Heights Plat 7, Ames, Story County, Iowa; and
WHEREAS, the Owner is required to construct certain improvements and utilities within the
real estate, and to pay reasonable engineering and inspection fees therefore, all as part of the platting
procedure of the City;
NOW, THEREFORE, in consideration of the premises, it is hereby agreed that the Owners
shall deposit with the City a surety bond or certified check in the amount of$45,000.00 conditional
upon the completion of the improvements and utilities as required by the City for said Subdivision.
IT IS FURTHER AGREED that City reserves the right to construct said improvements and
utilities in the event Owners fail 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 the said improvements and
utilities, including the paying of a reasonable engineering and inspection fees therefor, the bond shall
be released and the bondsman exonerated, or the certified check shall be returned to Owners, as the
case may be.
Dated this Z 7 day of October, 1998.
William C. Knapp Revocable Trust
William C. Kna rust
CITY OF AMES, IOWA
By: 0, k)
PUBLIC WORKS IRECTOR
"CITY"
hAddn29580.98