HomeMy WebLinkAboutA005 - Agreement dated April 25, 1978 A G R E E M E N T .
KNOW ALL MEN BY THESE PRESENTS:
This Agreement, made and entered into this 25th
day of April , 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 in the process of platting real
estate to be known as Sixteenth 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;
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
$"18;480.00 , 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. 'engineer.ing and inspection fee
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. . . 25th day of April - , 1978 .
vow 't
E� ben A. zi
HEGLAND, NEWBROUGH, (f/
JOHNSTON, BREWER V '
& MADDUX Donald M. Furman -_-
AMES, IOWA -
_2-
R. FRIEDRICH--& -SONSF INC. CITY ZES, T W
By
Rsob&'t K,.- F',ie--. .c es. Terry V Spr el,
City Manager.
By
ro ar _ K..:r Ftj- dric -, ecy."
BUCK CONSTRUCT-ION -COMPANY, INC.
. .. ....
By. . ./ .
R e t 0. " Buck, President
By
.:.
An K. Buck, .Se'cretary .
OWNERS CITY
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1 - -
HEGLAND, NEWBROUGH,
JOHNSTON, BREWER
& MADDUX
AMES. IOWA