HomeMy WebLinkAboutA004 - Agreement dated February 5, 1974 A G R E E' M E N T
KNOW ALL MEN BY THESE PRESENTS :
This Agreement, made and entered into this '5 day
of 197$11 between Charles Sondrol and Alden
Harrison, both of Story County, Iowa, hereinafter referred to
as "Owners" , and the City of Ames, Iowa, hereinafter referred
to as ''City", WITNESSETH:
WHEREAS, Owners are in the process of platting real
Replat
estate to be known as Harrison 's Subdivision/of Lot 1, First
Addition to Ames Industrial Park Subdivision to the City of
Ames, Iowa, and,
WHEREAS, Owners are required to construct certain improve-
ments and utilities within the real estate, 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 Owners shall deposit with the City a surety
bond, or a certified check, in the amount of $4,100. 00
conditional upon the completion of the improvements and utilities
as required by City for said Subdivision.
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 or the certified check, as the case may
be.
It is further .agreed that upon the satisfactory com-
pletion of the said improvements and utilities , including the
paying of a reasonable engineering and inspection fee therefor,
the bond shall be released and the bondsman exonerated, or the
certified check shall be returned to Owners, as the case may
be.
Dated this day of" " 197�_
CITY OF AMES, .IOWA
N OL
EGLAND, NEWHROUGHJ/)
IOHNSTON & BREWER BY
AMES. IOWA ALDEN HARRISON
OWNERS CITY