HomeMy WebLinkAboutA011 - Agreement for Public Improvements dated September 11, 1991 9
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AGREEMENT FOR PUBLIC IMPROVEMENTS
GATEWAY HILLS PLAT -, AMES, IOWA
THIS AGREEMENT is made this day of
1991, by and between IOWA STATE UNIVERSITY RESEARCH OOUNDATION,
INC. , an Iowa nonprofit corporation, with its principal place of
business at Ames, Story County, Iowa ("Owner") , and the CITY OF
AMES, IOWA, a municipal corporation ("City") , WITNESSETH:
WHEREAS, Owner is in the process of platting real estate
to be known as GATEWAY HILLS PLAT 3 , AMES, IOWA, and
WHEREAS, Owner is required to construct certain
improvements within the proposed subdivision and to pay reasonable
engineering and inspection fees therefor, all as part of the
platting procedures of the City of Ames, Iowa,
NOW, THEREFORE, in consideration of the premises and the
approval of said plat by the City of Ames, Iowa, it is hereby
AGREED that Owner shall deposit with City a certified check in the
sum of $8, 000. 00, or surety bond, conditional upon the completion
of sidewalks in accordance with the plans and specifications
therefor within said subdivision as required by the City.
IT IS`FURTHER AGREED that the City reserves the right to
construct said improvements in the event that the Owner fails to
do so and to cover the costs thereof with a certified check or the
surety bond as the case may be.
IT IS FURTHER AGREED that all improvements within the
subdivision required by the City shall be completed as the lots
within said subdivision are developed and improved.
IT IS FURTHER AGREED that upon satisfactory completion
of said improvements, including the payment of reasonable
engineering and inspection fees therefor, the surety bond shall be
released and the bonds exonerated or the certified check returned
to the Owner, as the case may be.
Executed the date and year first above written.
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IOWA STATE UNIVERSITY RESEARCH
FOUND
, INC.
BY 1 d//�;
Robert V Dahlb rg,
Preside
By
Steven C. Psi-ce,
Secretary
OWNER
CITY OF ,AMES, IOW
By
Steven L. Schainkeri-
City Manager _
CITY
Approved as to form and content:
,orohn R. Klaus, Ames City Attorney
`o.
Paul Wiegandjj Ames City Engineer
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STATE OF IOWA )
ss.
COUNTY OF STORY )
On this day of 2.i � � 1991, before me,
the undersigned, a Notary Public in and for the State of Iowa,
personally appeared Robert W. Dahlberg and Steven C. Price, to me
personally known, who being by me duly sworn, did say that they are
the President and Secretary, respectively, of the corporation
executing the within and foregoing instrument; that the seal
affixed thereto is the seal of the corporation; that said
instrument was signed and sealed on behalf of the corporation by
authority of its Board of Directors; and that Robert W. Dahlberg
and Steven C. Price, as officers, acknowledged the execution of the
foregoing instrument to be the voluntary act and deed of the
corporation, by it and by them voluntarily executed.
$�'p o� MJUON I S OON EXPO ES l� ( 6n4�_e {
April 23, N EX Notary Public in and for e
State of Iowa
STATE' OF IOWA )
ss.
COUNTY OF STORY //11)
On this ��`Aay of �.�-�-J 1991, before me,
the undersigned, a Notary Public in and for the State of Iowa,
personally appeared Steven L. Schainker, to me personally known,
and who, being by me duly sworn, did state that he is the City
Manager of the City of Ames, Iowa; that the seal affixed to the
foregoing instrument is the corporate seal of the municipal
corporation, and that the instrument was signed and sealed on
behalf of the corporation by authority of its City Council, and
Steven L. Schainker acknowledged the execution of this instrument
to be his voluntary act and deed and the voluntary act and deed of
the municipal corporation, by it voluntarily executed.
vle__Z,� )�;"_ _Q__A__1
Notary Publ ' i and for t e
Stat o Iowa
NANCY J.DIONW
E. E
COMMISSION ES
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