HomeMy WebLinkAboutA003 - Agreement with Erben Hunziker Revocable Trust, Donald Furman and Ruth Furman Revocable Trust, R. Friedrich & Sons, Buck Construction .c +
AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
THIS AGREEMENT,made and entered into this 2'74�lday of S�q§mW r ,
1999,between Erben A.Hunziker,as Trustee of 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
Eighteenth Addition, Northridge Parkway Subdivision to Ames, Iowa, and
WHEREAS, Owners are required to construct certain improvements 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 certified check, in the amount of
$ ,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 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 Z-`�lday of ��O-0`�.� e4- , 1999.
Erbe A. Hunziker, as Truste Donald M. Furman and 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: —
Robert K. Friedrich, Chairman Ro ert O. Buck, President
By: By:
R 'nhard K. Frie rich, President Anne K. Buck, Secretary
"OWNERS"
CITY OF AMES, IOWA
By: ^ ll .
Public Works DIfector
"CITY"