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HomeMy WebLinkAboutA005 - Agreement with Erben Hunziker Revocable Trust, Donald and Ruth Furman Revocable Trust, R. Friedrich & Sons, Buck Construction ` r AGREEMENT KNOW ALL MEN BY THESE PRESENTS: `' THIS AGREEMENT, made and entered into this to day of 1997, between Erben A. Hunziker, as Trustee of J the Erben A. Hunziker Revocable Trust dated July 28, 1992 , and Donald M. Furman and Ruth W. Furman, as Trustees of the Donald and Ruth Furman Revocable Trust dated March 1, 1991, R. Friedrich & Sons, Inc. , and Buck Construction Company, Inc. , all 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 Sixteenth Addition, Northridge Parkway Subdivision to Ames, Iowa, and WHEREAS, Owners are required to construct certain improvements and utilities within the real estate and to a P pay reasonable engineering and inspection fees therefor, all as art g 9 P P 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 certified check, in the amount of $ (D�1t©r9L) , ' 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. ' r IT IS FURTHER AGREED that upon satisfactory completion of the said improvements and utilities, including the paying of a reasonable engineering and inspection fees 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 _, 1997 . Er en A. Hunziker, as/Trustee Donald M. Furm n ana Ruth W. of the Erben A. Hunziker Furman, as Trustees of the Revocable Trust dated Donald and Ruth Furman July 28 , 1992 Revocable Trust dated March 1, 1991 R. FRIEDRICH & SONS, INC. BUCK CONSTRUCTION COMPANY, INC. By: BY• � �e1 Robert K. Friedrich, Chairman ert O. Buck, -President By: By_,42. : Rei and K. ri ric , President Ann . Buck, Secretary "OWNERS" CITY OF AMES, IOWA By: --D. Public Work Director "CITY"