HomeMy WebLinkAboutA002 - 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 Seventh 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
$120,000.00 conditional upon the completion of the improvements and utilities as required by the
City for said subdivision on or before November 1, 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. g
Dated this day of U!k` , 1999.
ERBEN A. HUNZIKER, AS T USTEE OF THE
ERBEN A. HUNZIKER REVOCABLE TRUST
DATED JULY 28, 1992
STATE OF IOWA, COUNTY OF STORY, ss:
r
On this day of 999, before me, the undersigned, a Notary Public
in and for the State of Iowa, personally 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 of the person and of the fiduciary.
HIUARYa t OWARD � T416tary A, ' n p the State of Iowa
MY OOMNIISSION EXPIRES i
0WA r
G
DONALD M. AJIkMAN, AS CO-TRUSTEE OF
THE DONALD AND RUTH FURMAN
REVOCABLE TRUST DATED MARCH 1, 1991
—1-1-2�>—
R H W.FURMAN,AS CO-TRUSTEE OF THE
DONALD AND RUTH FURMAN REVOCABLE
TRUST DATED MARCH 1, 1991
2
STATE OF IOWA, COUNTY OF STORY, ss:
On this-r-L day of 1999, before me, the undersigned, a Notary Public
in and for the State of Iowa,pers pally 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.
=HILrLARY .HOWARD
ION WIRES
Notary PubQ in and f the State of Iowa
R. FRIEDRICH & SONS, INC.
0
V
By: �2 -
einhard K. Friedrich, President
By: 2
Robert K. Fried 'ch, Jr., Vice President
STATE OF IOWA, COUNTY OF STORY, ss:
On this day of �na
1999, before me, the undersigned, a Notary Public
in and for the state of Iowa,persd 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 of the foregoing instrument to be the
voluntary act and deed of the corporation, by it and by them voluntaril executed.
HILLARY A.HOWARD
.� * MY COMMISSION iwEs g
otary Pub56 in and for the State of Iowa
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