HomeMy WebLinkAboutA010 - Public Improvements Contract dated December 1, 1977 PUBLIC IMPROVEMENTS CONTRACT
THIS AGREEMENT made by and between the City of Ames, Iowa,
hereinafter referred to as "City, " and Ev. Cochrane & Associates, Inc. ,
an Iowa corporation, hereinafter referred to as "Developer. "
WHEREAS, Developer is the owner of certain land being platted as
Oakwood First Addition to the City of Ames, Iowa; and,
WHEREAS, City requires that Developer install and construct at
Developer's expense for the benefit of City certain public improvements
connected with said platting.
NOW, THEREFORE, it is hereby agreed by and between City and
Developer as follows:
1. Developer shall complete, within twenty-four months from the
date of this contract, the installation and construction of the following
public improvements serving the land platted as Oakwood First Addition
to the City of Ames; Iowa, to-wit:
Improvements Estimated Cost
Streets $236, 349. 60
Sanitary Sewer 62, 928. 80
Storm Sewer 51, 000. 00
Water Main 55, 839. 08
Street Lights 6, 800. 00
Street Signs 332. 52
Sidewalks 37, 250. 00
Total ------------------- $450, 500. 00
2. Developer shall deposit with the City Clerk of the City of Ames,
Iowa, a corporate surety bond or a certified check in the amount of the
foregoing estimated costs for the benefit of or payable to the City of Ames,
Iowa, conditioned upon the full performance of this contract by Developer,
in which event such corporate surety bond or certified check shall be re-
leased or returned to Developer. In the event Developer fails to fully per-
form this contract, City may complete installation and construction of all
public improvements provided for by the terms of this contract and recover
the cost thereof from the surety on said bond or from said certified check.
Dated this 1st day of December, '1977.
CITY OF AMES, IO ,A EV COCHRANE & ASSOCIATES, INC:
r
By
By / � �
Terry V. pre e , Everett W. Cochrane,
City Manager President and Secretary