HomeMy WebLinkAboutA009 - Letter dated March 2, 1978 regarding sidewalk bond o
City Of AMES, Iowa 0NA
50010
(515) 232-6210 BAR a 1978. - "-
PUBLIC WORKS DEPARTMENT
ARNOLD 0. CHANTLAND, PUBLIC WORKS DIRECTOR
RUSSELL S. SOPER, MUNICIPAL ENGINEER
PAUL D. WIEGAND, TRAFFIC ENGINEER
DONALD L. KELTNER. PUBLIC WORKS SUPERINTENDENT
JERRY W. TEMPLE SUPT. SOLID WASTE RECOVERY SYSTEM
March 2, 1975
Mr. Jack Coy
2735 Duff `Avenue
Ames , Iowa 50010
Dear Jack:
You will recall-- some-- time aro we reduced .the -bond for Prairie
View lst Addition recognizing -the construction of streets and -
utilities . At that time it was my understanding that the City
Attorney had devised a personal surety bond for developers whereby
they could personally guarantee construction of sidewalks , thereby
eliminating the construction of sidewalks from the utility .con-
struction bonds on file with .the City Clerk.
The City Attorney -has forwarded to me a copy *of the form that . .
he wants to have used for this personal surety. I have enclosed
a copy-:,.of-this--form--a- - There- are several--blanks to=--fi-1-1- out which-
are self-explanatory, and the -amount--of the bond . should. be $10, 500. 00..
The original sidewalk bond was for $15, 000. 00 , and I understand that
approximately 30% have been constructed.
If you would complete this form and send it to this officer.
I will forward it to the City Clerk.
As I understand the City Attorney' s position on this form
of sidewalk bond, he wants to do this on each subdivision on . an
individual basis after his investigation. Normally with local con=
tractors who have -demonstrated financial capacity this would be
automatic; however, the discretion is his .
If -you have. any questions., give me a call before the end .of
the week or Paul Wiegand after the first of next week. I will
advise him of this .
Si, ce" ely, /
ussell S. Soper, P. E.
Municipal Engineer
RSS : sh
enc. Combining Education and Industry with Hospitality
,—e-t-: City Clerk
3
SUBDIVISION
SIDEWALK BOND
r KNOW "ALL -BY :THESE PRESENTS :
That I, principal:, and, the
as surety, are held "and`firm-1y":-bound`
unto the City of- Ames , Iowa, -..a municipal corporation ; -and,
unto all legal and equitable owners and purchasers of .any
_lot or land within a subdivision of
land within the City of Ames , in the penal sum of
-dollars , for the .payment of which sum, well and truly to be
-ma.de , 'we do jointly and severally bind ourselves , our heirs ,
executors , successors and assigns by these presents .
The condition of the above obligation is such that
if -all sidewalks , with relation to eachrand every lot , re-
quired to be constructed by the City Council of the City -of
Ames , Iowa as a condition for approval of the subdivision
t'.
at for shall be well and truly con-
t: st-ructed in accordance with the plans and specifications of
the City Engineering Department and accepted .by the Director
-:oaf Public Works , then this obligation to be void and of no
effect , otherwise to remain in full force and virtue .
Principal
CORPORATE - SURETY
B.Y. . . . . . . . . . . . . . . . . . . .
President
I