HomeMy WebLinkAboutA006 - Agreement dated November 18, 1980 r
A G R E E M E N T
KNOW ALL MEN BY THESE PRESENTS:
THIS AGREEMENT, made and entered into this 18th day of
November , 1980, between Erben A. Hunziker and Donald M.
Furman, 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, 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 $ 26,050 ,
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 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, as the case
may be.
Dated this 18thday of November, , 1980.
Erb n A. Hunziker 'Donald M. urman
EGLAND, NEWSROUGH
JOHNSTON, BREWER
& MADDUX
AMES, IOWA
All
2 -
i
R. FRIEDRICH & SONS, INC. GrIT OFF AMES, I i I �7
Robert K. Friedrich Jo n Elwe4
Preside t City Manger
"CITY"
BY
R and -K.'—F2*redriZlY
Secretary
BUCK CONSTRU-CTION COMPANY, INC.
B - ;
Y .
Rob t 0. Buck -
President
^ By, i
Anne K. Buck
Secretary
"OTMERS"
HEGLAND, NEWBROUGH
JOHNSTON, BREWER
& MADDUX
AMES. IOWA