HomeMy WebLinkAboutA006 - Public Improvements Contract dated September 30, 1980 PUBLIC IMPROVEMENTS CONTRACT
THIS AGREEMENT made by and between the City of Ames ,
Iowa, hereinafter referred to as "City, " and Iowa State Uni-
versity Alumni Association, hereinafter referred to as "De-
veloper. "
WHEREAS , Developer is the--owner of certain land being
subdivided and platted as Gateway Center Subdivision of the
City of Ames , Iowa.
WHEREAS , City requires that Developer install and con-
struct at Developer' s expense for the benefit of City certain
public improvements connected with said platting.
NOW, THEREFORE, it is hereby agreed by and between City
and Developer as follows :
1. Developer shall complete, within twelve months from
the date of this contract , the installation and construction
of the following public improvements serving the aforesaid
subdivision to-wit : Street lights at an estimated cost of
$600. 00.
2 . Developer shall deposit with the City Clerk of the
City of Ames , Iowa, a corporate surety bond or a certified
check in the amount of $600. 00 for the benefit of or payable
to the City of Ames , Iowa, ''conditioned upon the full perform-
ance of this contract by Developer, in which event such cor-
porate surety bond or certified check shall be released or
returned to Developer. In the event Developer fails to fully
perform this contract , 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 said certified check, or from
Developer directly.
Dated this 30th day of September 1980.
CITY OF AMES , IOWA IOWA STATE UNIVERSITY
ALUMNI ASSOCIATION
Y � y
City Manager Acting City Manager) Maxine /Burch, President