HomeMy WebLinkAboutA006 - Agreement dated December 4, 1979 A G R E E M E N T
KNOW ALL MEN BY THESE PRESENTS:
This Agreement, made and entered into this 4th day of
December , 1979 , between Erben A. Hunzik.er and
Donald M. Furman, 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
estate to be known as Landmark Subdivision to Ames, Iowa, and
WHEREAS, Owners are required to construct certain
improvements and uti.liti.es 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 $ ' 152,000.00
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.
ce.rti.fi.ed check shall be. returned to Owners, as the case may be.
Dated thi _ day of bec�emher _ _, 19_JC
CITY OF AMES, IOWA
E A. Run iker
/ 1
Terry V Spren 1
Donald M. urman
"OWNERS" "CITY"
GLAND, NEWBROUGH,
JOHNSTON, BREWER
& MADDUX
AMES, IOWA