HomeMy WebLinkAboutA036 - Guaranty and Assurance for site Improvements, Stonehaven Elderly Housing Project GUARANTY AND ASSURANCE FOR SITE IMPROVE-
MENTS, STONEHAVEN ELDERLY HOUSING PROJECT,
COOPER'S SECOND ADDITION, AMES, IOWA
In consideration of financial assistance given or to be given to
development of an elderly housing project in the City of Ames, Iowa said
project called Stonehaven, and to be constructed on land to be platted
as Cooper's Second Addition to the City of Ames, Iowa, the said City of
Ames, Iowa, does hereby irrevocably and unconditionally guarantee to the
United States Department of Housing and Urban Development that the
following off-site improvements shall be installed by the developers of
the said elderly housing project prior to project occupancy being per-
mitted by the City of Ames, To Wit:
a. Install a 4 ft. wide, 4 inch thick P.C.C. sidewalk as shown on
Sheet Al of Stonehaven plans, per City of Ames specifications.
Sidewalk to be along the Stonehaven Drive right of way from the
northeast corner of Stonehaven property, north to South 4th Street
then westerly along South 4th to the intersection with South 3rd_
Street. Provide walk to street crossing on 3rd. Distance is
approximately 520 LF.
b. Install Stonehaven Drive and Squaw Creek Drive per City of Ames
specifications. Street to be a 31 ft. back to back 7 inch thick
asphalt street with 6 inch by 30 inch concrete curb and gutter
along each side. This street improvement is to include the con-
crete intersection required to adjoin to South 4th Street. Said
street will be in the proposed right of way and extend south from
4th Street, turn west and extend to the west property line, a
distance of approximately 756 LF.
C. (1) Install an 8 inch PVC water main with fire hydrant and re-
quired gate valve, per City of Ames specifications, from an exist-
ing 8" main (located in Stonehaven Drive right of way) south and
west along the south property line in Squaw Creek Drive right of
way to the west property line, an estimated distance of 485 LF.
(2) . Install an 8 inch sanitary sewer with manholes, per City of
Ames specifications from the intersection with the existing sani-
tary sewer located in the Stonehaven Drive right of way east of the
site, extending west in the Squaw Creek Drive right of way along
the south property line to the west property line, an estimated
distance of 500 LF.
(3) Install underground electrical service per City of Ames Speci-
fications and City of Ames Electrical Department requirements, from
an existing pole at the intersection of South 3rd Street and south
4th Street, under South 4th Street, and across private property
south to the Stonehaven property line (approximately 300 LF.) .
Also provide required conduit under Squaw Creek Drive as required
by the Electrical Department for future use (approximately 60 LF.) .
(4) Gas service is to be installed in the right of way from an
existing gas main to the site by the utility company, Iowa Electric
Light and Power at no cost to the project or the Seller.
(5) Install telephone service to the property line as shown on
Sheet Al, per City of Ames specification and the serving utilities'
requirements.
d. Install a storm sewer extension at the outflow of the existing
double 42 inch storm sewers located adjacent to South 4th Street
near the Stonehaven Drive right of way. This storm sewer extension
is to be installed per City of Ames specifications. The storm
sewer consists of a cast-in-place reinforced concrete collection
manhole with approximately 140 LF of 54 inch diameter aluminized
corrugated steel pipe by way of a cast-in-place reinforced concrete
headwall . The 102 inch arched pipe extends approximately 210 LF
south along the project property line, under the street through the
right of way and then daylights the outflow into an existing drain-
age way.
In furtherance of the foregoing the City of Ames has secured the
attached covenant of the developers and owners of the project that they
shall not seek or permit occupancy of the project prior to completion of
the said improvements to the satisfaction of the city of Ames, Iowa;
and, the city of Ames has received an irrevocable letter of credit from
the Firstar Bank of Ames in the Amount of $171,000 to pay up to said
amount on demand of the City of Ames if said improvements are not
complete to the specification and satisfaction of the City of Ames, Iowa
before May 1, 1992.
CITY OF AM IOWA
By
Larry R. urtis, Mayor
ATTEST:
By ti
Nancy Dio 'gi , City C er
APPROV A TO FO
BY 4u�_
John R. iaus
City Attornev