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HomeMy WebLinkAboutA004 - Agreement - Restrictive Covenant Instrument Prepared By: Frank B. Johnston, P.O. Box 847, Ames, Iowa 50010-0847; 515-232-1761 AGREEMENT - RESTRICTIVE COVENANT RE: Outlot "Y", Second Addition, Dayton Park Subdivision, Ames, Iowa THIS AGREEMENT is made by and between the City of Ames,Iowa("City") and Dayton Park, L.L.C. ('Proprietor"), WITNESSETH: WHEREAS, Proprietor has submitted to the City of Ames, Iowa, for its approval, a final plat of Second Addition, Dayton Park Subdivision, Ames, Iowa; and WHEREAS, the City has identified the need and the requirement for a future street to be known as 'Bell Avenue" to be located across Outlot "Y" of said subdivision, which street shall require a minimum right-of-way of 80 feet for its entire distance, said street to extend from the north line of Outlot "Y" to the south line thereof, the precise location of said street having not yet been determined; and WHEREAS, it is desired that there be an agreement between the Proprietor and the City with respect to the future use of said Outlot "Y." NOW THEREFORE, in consideration of the aforesaid, the parties have agreed and do promise and agree as follows: 1. Proprietor agrees that it shall, by an appropriate instrument of dedication, or deed, grant, convey and dedicate to the City land for a street across said Outlot "Y," said street to extend from the north line of said Outlot "Y" to the south line thereof, with a width of not less than 80 feet for its entire distance, the exact location of said street to be determined by the City, without any additional payment or consideration being paid to Proprietor therefor, at such time as the City directs. 2. The aforesaid covenants, conditions and restrictions shall operate as covenants running with the land for the benefit of any and all persons who may now or hereafter own any part of the real estate described herein; and any of such persons and the City shall have a right to enforce these covenants, conditions and restrictions through all available proceedings at law or in equity against the person or persons violating or failing to perform the same. 9�7- 11265 ( I �� 3. The covenants, conditions and restrictions herein contained shall be binding upon all successors and assigns of the Proprietor. IN WITNESS WHEREOF, the undersigned have caused this instrument to be executed this OV*'�' day of October, 1997. DAYTON Y, L.L.C. CITY OF S, IO A By L 13 De E. Hunzi eVNfinager, Larry R.Prtis, Mayor,, Attest: � y Sandra L. Ryan, City erk,, , STATE OF IOWA, STORY COUNTY, ss: -(M On this day of October, 1997, before me, a Notary Public in and for the State of Iowa, personally appeared Dean E. Hunziker, to me personally known, who being by me duly sworn did say that he is the Manager of Dayton Park, L.L.C., an Iowa Limited Liability Company, and that said instrument was signed on behalf of the said Limited Liability Company by authority of its managers, and that the said Dean E. Hunziker acknowledged the execution of said instrument to be the voluntary act and deed of Dayton Park, L.L.C., by it voluntarily executed. `O FRANK B.JOHNSTON " MY COM `t SSI 8PIKES Notary Public in and for the State of Iowa owe 5-�- f ra k r'. . 'SO AV13jZN,' STATE OF IOWA, STORY COUNTY, ss: On this 14th day of October, 1997, before me, a Notary Public in and for the State of Iowa, personally appeared Larry R. Curtis and Sandra L. Ryan, to me personally known, and, who, being by me duly sworn, did say that they are the Mayor and City Clerk, respectively, of the City of Ames, Iowa; that the seal affixed to the foregoing instrument is the corporate seal of the corporation, and that the instrument was signed and sealed on behalf of the corporation, by authority of its City Council, as contained in Resolution No. 97-517 adopted by the City Council on the 14th day of Octnher , 1997, and that Larry R. Curtis and Sandra L. Ryan acknowledged the execution of the instrument to be their voluntary4c"Ahd deed and the voluntary act and deed of the corporation, by it voluntarily executed.\. . '.'- Notary:=P Uc in ad:fdr t State of Iowa