HomeMy WebLinkAboutA006 - Agreement dated June 9, 1993 r
AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
THIS AGREEMENT, made and entered into this day of
June, 1993, between Erben A. Hunziker, as Trustee of the Er ben A.
Hunziker Revocable Trust dated July 28, 1992, and Donald M. Furman
and Ruth W. Furman, as Trustees of the Donald and Ruth Furman
Revocable Trust dated March 1, 1991, hereinafter referred to as
"Owners" and the City of Ames, Iowa, hereinafter referred to as
If city"
WITNESSETH:
WHEREAS, Owners are in the process of platting real
estate to be known as Brookview Place First Addition to the City
of Ames, Iowa, and
WHEREAS_, Owners are 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
hereby agreed that Owners shall deposit with the City a surety
bond, or certified check, in the amount of $ 19, e,00, Oo ,
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conditional upon the completion of the improvements and utilities
as required by 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.
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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 day of June, 1993 .
Er en A. Hunziker, a Trustee Donald M. Furman, as Trustee
of the Erben A. Hunziker of the Donald and Ruth Furman
Revocable .Trust dated July 28, Revocable Trust dated March 1,
1992 1991
f
R th W. Furman, as Trustee of
Donald and Ruth Furman
Revocable Trust dated March 1,
1991
"OWNERS"
CITY OF AMES, IOWA
BY:
Public Works Mirector
"CITY"