HomeMy WebLinkAboutA006 - Agreement dated August 28, 1979 i' A G. R E E_-M. 171 N T - .
KNOW ALL -VIES' BY THESE -PRESEN;.'S a `.
THIS AGREEMENT,,- made and entered into this da, o-S
--- u ntIc P 197 r betwe n 'Erben A. Hunt er.' anc
Donald 14.. Purrdan, -of . Story ,gountya --Iowa., . hereina•fter .referred
-to as "Owners" , and. the City of Ames'; Iowa ' -hereinafter referred
to as "Ci•ty" , - WITNESSETH . .
11HEREAS; Owners are in the. process. of platting reai
estate to' be known as zRat tHomes Vest Fi.rst'..'iddition to Ames,
Iowa,- and
WHEREAS, Owners a -e- requi red .:to construct certain
��
-improvements .and utilities w'ithisi :'the- --keal estate, 'and to Pay
-reasonable engineer ing and inspection _feed therefor, all as
Part of the platting .procodute of tie City; .'
NOW, 'T'IIi;REFORE, in idoration of the preini des` it
is. hereby agreed :that. Owners , shall: deposit .with the .vi ty a
surety band Y. or a certified check, In, the airzount o $ r� 4on _
conditional 'upon 'the 'conmpletion of the improvements and.. �utiZit :es .
as required by City for. -said Subdivision,
It-is ,furth:er agreed.. that,, City reserves the tight
to, construct said -improvements and.'util-itieS in the event
Owners :fail :to do 'so as herein agreed and to cover .the -cost:s,
thereof with the surety.; 4ond or 'the certified checks as- tl e
case, may be.
It is further agreed that-,upon- the -.satisfa.ctory
completion .of-.the -said A-niprovements and 'utilities, includin
the paying. o a reasonable ongineeFing 'and 'itspecti'on fee
therefor, the .bbnd. shall be released and the bondsman exonerated.,
ar. the ,certified lie .returned .to• .owners- as the
case- may be.
Dated _this 28th day o
August
= CITY OF AMES, I63tia . :
E en A unzikcr= '
EGLAND, NEWHROUGH.• Spy �nel, '
Tr y _
JOHNSTON, BREWER.' - 'C�t P � - - - '
& MADDUX Donald ��a Fu an
AME5. IOWA. - /���p19s���7�.77��1 nG - ... CITY".
VVrN Raj. .. - -