HomeMy WebLinkAboutA017 - Agreement for Public Improvements Instrument Prepared By:
Deborah S. Krauth, 1416 Buckeye, Ste. 200, Ames, IA 50010; 515-232-3921
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement are DAYTON PARK, L.L.C., hereinafter referred to as
"Owners," and the CITY OF AMES, IOWA, hereinafter referred to as "City."
WHEREAS,the Owners are in the process of platting real estate to be known as Dayton Park
Subdivision Third Addition, Ames, Story County, Iowa; and
WHEREAS,the Owners are required to construct certain improvements and utilities within
the real estate, to wit: street construction and street lights, and to pay reasonable engineering and
inspection fees therefor, all as part of the platting procedure to the City.
NOW, THEREFORE, in consideration of the premises, it is hereby agreed that the Owners
shall deposit with the City a surety bond, letter of credit or certified check in the amount of
$178,000.00 conditional upon the completion of the improvements and utilities as required by the
City for said subdivision on or before July 31, 2000.
IT IS FURTHER AGREED that City reserves the right to construct said improvements and
utilities in the event Owners fail to do so 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 reasonable engineering and inspection fees therefor,the bond shall
be released and the bondsman exonerated,the letter of credit released or the certified check shall be
returned to Owners, as the case may be.
Dated this day of nei;y,-Al , 2000.
DAYTON PARK, L.L.C.
By:
Den E. Hunziker, Aanager
STATE OF IOWA )
ss:
COUNTY OF STORY )
On this / day ofGw��F, ,2000,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 a 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 and by the manager
voluntarily executed.
STACEE L.Coo"ES
MY COMMISSION EXPIRES r
Notary Public in and for the State of Iowa
CITY OF AMES
By: AG .sZ -Z�.
Paul D. Wiegand
Director of Public Works
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