HomeMy WebLinkAboutA004 - Agreement dated March 28, 1978 A G R E E M E N T
KNOW ALL MEN BY THESE PRESENTS:
This Agreement, made and entered into this 28th
day of Mafth , 1978, between Erben A.. Hunziker and
Donald M. Furman, R. Friedrich & Sons, Inc. , and Buck
Construction Company, Inc. , all of Story County, Iowa, herein-
after referred to as "Owners" , and the City of Ames, Iowa,
hereinafter referred to as "City" , WITNESSETH:
WHEREAS, Owners are i_n the process of platting real
estate to be known as Fifteenth Addition, Parkview Heights
Subdivision of 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;
NQW, 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
$ 3,700,00 conditional upon the completion of the improve-
ments 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
completion 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,
.s the case may be.
Dated this 28th day of March , 1978 .
rben A. Huiker
HEGLAND, NEWBROUGH f
JOHNSTON, BREWER Donald M. Furman
& MADDUX
AMES, IOWA
s
R-o ,,FRIEDRICH & SONS, IN CITY OF ES, IO[
BY-- By .
R be K. Fr drich, Pres. Terry V. pre el,
City Manage
" By .
R&fnhard KoVkiedkichl Secy.
BUCK CONSTRUCTTION COMPANY, INC.
pr, .. .... ....
By
Ro rt Q. Buck., President
By
Anne K. Buck, Secretary
OWNERS CITY
HEGLAND, NEWBROUGH
JOHNSTON, BREWER
& MADDUX
AMES. IOWA