HomeMy WebLinkAboutA004 - Agreement for Public Improvements Instrument Prepared By:
Deborah S. Krauth, 1416 Buckeye, Ste. 200, Ames, IA 50010; 515-232-3921
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement are ERBEN A. HUNZIKER, TRUSTEE OF THE ERBEN A.
HUNZIKER REVOCABLE TRUST DATED JULY 28, 1992;DONALD M.FURMAN and RUTH
W. FURMAN, CO-TRUSTEES OF THE DONALD AND RUTH FURMAN REVOCABLE
TRUST DATED MARCH 1, 1991; and R. FRIEDRICH & SONS, INC., hereinafter referred to as
"Owners," and the CITY OF AMES, IOWA, hereinafter referred to as "City."
WHEREAS, the Owners are in the process of platting real estate to be known as Somerset
Subdivision Sixth Addition, Ames, Story County, Iowa; and
WHEREAS, the Owners are required to construct certain improvements and utilities within
the real estate, to wit: street construction and street lights, and to pay reasonable engineering and
inspection fees therefor, all as part of the platting procedure to the City.
NOW, THEREFORE, in consideration of the premises, it is hereby agreed that the Owners
shall deposit with the City a surety bond, letter of credit or certified check in the amount of
$368,000.00 conditional upon the completion of the improvements and utilities as required by the
City for said subdivision on or before September 13, 2000.
IT IS FURTHER AGREED that City reserves the right to construct said improvements and
utilities in the event Owners fail to do so 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 satisfactory completion of the said improvements and
utilities, including the paying of reasonable engineering and inspection fees therefor, the bond shall
be released and the bondsman exonerated, the letter of credit released or the certified check shall be
returned to Owners, as the case may be.
Dated this day of , 1999.
ERBE A. HUNZIKER, AS TRUS47EE OF THE
ERBEN A. HUNZIKER REVOCABLE TRUST
DATED JULY 28, 1992
STATE OF IOWA, COUNTY OF STORY, ss:
On this- -day of , 1999, before me, the undersigned, a Notary Public
in and for the State of Iowa, perjVnally appeared Erben A. Hunziker, Trustee of the Erben A.
Hunziker Revocable Trust Dated July 28, 1992, to me known to be the identical person named
in and who executed the foregoing instrument, and acknowledged that the person, as the fiduciary
executed the instrument as the voluntary act and deed o the rs and of the�fiduciary.
�peAl aF DEBORAH S. KRAUTH
MY MMIS N E PIRES otary Public in a for t t of Iowa
IOWA n
NALD M. FUkIMAN, AS CO-TRUSTEE OF
THE DONALD AND RUTH FURMAN
REVOCABLE TRUST DATED MARCH 1, 1991
R TH W.FURMAN,AS CO-TRUSTEE OF THE
DONALD AND RUTH FURMAN REVOCABLE
TRUST DATED MARCH 1, 1991
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STATE OF IOWA, COUNTY OF STORY, ss:
On this L day of , 1999, before me, the undersigned, a Notary Public
in and for the State of Iowa,pegs ally appeared Donald M. Furman and Ruth W. Furman, Co-
Trustees of the Donald and Ruth Furman Revocable Trust Dated March 1, 1991,to me known
to be the identical persons named in and who executed the foregoing instrument, and acknowledged
that the persons, as the fiduciaries executed the instrument as the voluntary act and deed of the
person and of the fiduciary.
E .-
S. KRAUTH
MISSI EXP RES
otary Pu lic in and for the State of Iowa
R. FRIEDRICH & SONS,INC.
By:. 'z j - // v, a - -
einhard K. Friedrich, P sident
By:
obert K. Friedrich, r., Vice President
STATE OF IOWA, COUNTY OF STORY, ss:
On this 4,day of , 1999,before me, the undersigned, a Notary Public
in and for the state of Iowa,perso lly appeared Reinhard K. Friedrich and Robert K. Friedrich,
Jr.,to me personally known, who being by me duly sworn, did say that they are the President and
Vice President of the corporation,respectively, executing the within and foregoing instrument; that
no seal has been procured by the corporation; that said instrument was signed on behalf of the
corporation by authority of its Board of Directors; and that Reinhard K. Friedrich and Robert K.
Friedrich, Jr., as officers, acknowledged the execution the foregoing instrument to be the
voluntary act and deed of the corporation, by it and by em y executed.
DEBORAH S. KRAU i H
MY CQJIMISS 0 EXPI S
Wary Pub is in and for the State of Iowa
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