HomeMy WebLinkAboutA007 - Agreement for Public Improvements dated October 12, 1999 DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR RECORDER
Prepared by:
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement,made pursuant to Section 23.304,Ames Municipal Code, are
Eastgate Development, Inc.
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 a subdivision of real estate to be
known as Fa s t ga t P „m i vi-sion , Ames, Story County, Iowa; and
WHEREAS,the Owners are required to construct certain improvements and utilities within
the real estate, to wit: streets and aur-tenatices by not later than 10 26 _2001
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 the Owners
shall deposit with the City a surety bond, letter of credit or certified check in the amount of$�l 4,00
conditioned upon the completion of the said improvements and utilities,by the said date, as required
by the City for said Subdivision, in accordance with plans and specifications on file with the City's
engineers and by this reference made a part of this agreement.
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, letter of credit 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 Ownrs, as the case mjy pe.
DATED this IX"' day of Ocfci(o-etz— 1999 . ti- �� � h •.w
OWNERS CITY OF AMES, IOWA
c nra
)W k r
By: By: p :.
Paul Wiegand
�Q Director of Public Works " `^
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9g� 145 � 4