HomeMy WebLinkAboutA010 - Agreement for Installation of Required Public Improvements dated June 8, 1993 - s
AGREEMENT FOR INSTALLATION OF REQUIRED PUBLIC IMPROVEMENTS
This AGREEMENT is made this 3th day of June , 1993,
by and between the City of ,Ames , Iowa , (hereafter "City")
and Russell S. Soper and Helen D . Soper , (hereafter Soper)
WITNESSETH:
WHEREAS , Soper is the developer of the real estate
described as follows , to-wit :
SEE EXHIBIT "All ATTACHED HERETO AND MADE A PART HEREOF
CONTAINING THE CORRECT LEGAL DESCRIPTION , and
WHEREAS , Soper is in the process of platting said real
estate described as Soper ' s Meadow Subdivision of Ames , Iowa
and the plat of the same together with all supporting
instruments , having been submitted to the City Council of the
City of Ames , Iowa for approval , and
WHEREAS , Soper has not completed the following operations
as described and set forth in the plat of Soper ' s Meadow
Subdivision of •Ames , Iowa :
1- Streets , surface course of asphalt $ 4 ,300 .00
2- Sidewalks 6,000 .00
Total $10 , 300.00
and it is desired by the parties hereto to make provisions w:
therefore , and rt. nn
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WHEREAS , Soper shall assume the responsibility for a M
making said improvements , and rt
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WHEREAS , it has been estimated that the cost of rt O
completing said improvements will not exceed the sum of 0. 9
$10 , 300 .00. y ..
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NOW. THEREFORE , IT IS AGREED by and .between the parties n 0
as follows : 0
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1 . That Soper has delivered a Letter of Credit for the w y
purpose of completing the above described improvements . rtp
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2. That said Letter of Credit is attached hereto and
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made a part hereof. �•
3 . That upon the completion of the said improvements to 0
the satisfaction of the City , said Letter of Credit shall
be released . w pnd
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521 247 j w
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4. That all of said street improvements shall be
completed by Soper within twelve ( 12) months and all of
said sidewalk improvements shall be completed by Soper
within twenty four (24) months of the date of this
Agreement. In the event of the failure of Soper to
complete all of the said work as herein agreed , the City
may perform said work and recover the cost thereof.
IN WITNESS WHEREOF , this Agreement is signed the day
and year first written above by the City Manager on behalf
of the City of Ames , Iowa , and by Soper .
CITY OF AMES , IOWA
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Public Work `.. Dz-rector `
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DEVELOPER �f� "f
By
Russell S. Soper
By Z,
Helen D. Soper
_� 521 248
Exhibit "A"
Boundary Description
Sopers Meadow Subdivision
of Ames , Iowa
Legal Description:
Part of the Southeast Quarter of the Northeast
Quarter of Section 23 and the Southwest Quarter of
the Northwest Quarter of Section 24, all in
Township 83 North, Range 24 West ❑f the 5th P.M.
Story County , Iowa , described as follows :
Commencing at� the Northwest Corner of the West Half
of the Northwest Quarter of said Section 24; thence
S 000 4310011E, 1641 . 59 feet along the west line of
the West Half of the Northwest Quarter of said
Section 24 to the point of beginning ; thence S890
30147"W,94.95 feet to the Northeast Corner of Lot
"A" in Southdale Third Addition to Ames, Iowa ; thence
S00O 4311211E, 299.73 feet to the Southeast Corner of
said Lot "A" ; thence N890 3313111E, 94.93 feet to the
west line of the West Half of the Northwest Quarter
of said Section 24; thence continuing N890 33131"E ,
270. 17 feet ; thence N 000 4213411W, 600.23 feet to the
Southeast Corner of the Fourth Addition to Rolling
Meadows Subdivision of Ames , Iowa ; thence S890
2011911W, 190. 38 feet to the Southwest Corner of
said Fourth Addition to Rolling Meadows Subdivision
and the west line of Jewel Drive ; thence S00O
4512811E, 299 .63 feet along the west line of Jewel -
Drive extended ; thence S890 3014711W, 80.07 feet to
the point of beginning , containing 3.82 acres.
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521 249.