HomeMy WebLinkAboutA005 - Public Improvements Contract dated August, 1983 (No day listed) 6
- .PUBLIC IMPROVEMENTS CONTRACT
THIS AGREEMENT made by and between the City of Ames ,
Iowa, and Dayton Road Development Corporation, Eco-Tech
Contractors , Inc: and Ronald Kenyon Construction Co .
RECITALS
Dayton Road Development Corporation , Eco-Tech Contractors ,
Inc. and Ronald Kenyon Cons.truction Co . are- the owners of cer-
tain land being subdivided and platted as Dayton Road Develop-
ment Subdivision.
The City requires that the owners install and construct at
their expense a water main extension in Watts Street , and it
will not be done before the owners "plat" the property.
THEREFORE, it is hereby agreed by and between the City
and the owners as - follows :
1. The owners shall 4x within one month& ��
from the date of ti �rxtxxX� installation and con-
struction of a'water main extension from its present loca- „�V
tion to the street -(Watts) at the south lot end of Lot 3 , .
Dayton. Road Development Subdivision, City of Ames , Iowa, pay to the
City of Ames an amount equal to one-half the cost thereof.
2. The owners shall deposit with the City Clerk of the
City of Ames , Iowa; a corporate surety bond or a certified
check in the amount o.f.. $5,000 .00 for the benefit of or' payable
to the City of Ames , Iowa, conditioned upon the full perfor-
mance of .this contract by the owners , in which event such cor-
porate surety bond or certified check shall be released or re-
turned to the owners . In the event the owners fail to fully
perform this contract, the city may complete installation and
construction of all public improvements provided for by the
-terms of this contract and recover the cost thereof from the
surety on said bond or from certified check , or from the owners
directly.
Dated this day of August , 1983 .
CITY OF AMES , IOWA DAYTON ROAD, DEVELOPMENT CORPORATION
Bye By
City Manager resYden
ECO-TECH CONTRACTORS , INC. RO Zesien
YON CONSTRUCTI N CO.
By By c
President t
-- -
John R. Klaus
City Attorney