HomeMy WebLinkAboutA003 - Public Improvements Contract dated December 11, 1992 PUBLIC IMPROVEMENTS CONTRACT
THIS AGREEMENT made by and between the City of Ames,
Iowa, hereinafter referred to as "City, " and South Duff De-
velopment Partnership , an Iowa General Partnership ,
hereinafter referred to as "Developer. "
WHEREAS, Developer is the owner of certain land being
platted as SECOND ADDITION TO SOUTHWOOD SUBDIVISION OF AMES,
IOWA.
WHEREAS, City requires that Developer install and con-
struct at Developer' s expense for the benefit of City,
certain public improvements connected with said platting.
NOW, THEREFORE, it is hereby agreed by and between City
and Developer as follows:
1. Developer shall complete, within twenty-four (24)
months from the date of this contract, the installation and
construction of the following public improvements serving the
aforesaid subdivision, to-wit:
(a) A public sidewalk along that part of the East bound-
ary line of Second Addition to Southwood Subdivision of Ames,
Iowa, which lies South of Lot 10, Block 2, of First Addition
to Southwood Subdivision of Ames, Iowa.
(b) A public bicycle path along the South boundary line
of Second Addition to Southwood Subdivision of Ames, Iowa.
2. Developer shall deposit with the City Clerk of the
City of Ames , Iowa, a certified check in the amount of
$24,800. 00 for the benefit of or payable to the City of Ames,
Iowa, conditioned upon the full performances of this contract
by Developer, in which event such certified check shall be
released or returned to Developer. In the event Developer
fails to fully perform this contract, City may complete in-
stallation and construction of all public improvements pro-
vided for by the terms of this contract and recover the cost
thereof from said certified . check, or from Developer direct-
ly.
Dated December 11, 1992 .
CITY OF AMES, IOWA SOUTH DUFF DEVELOPMENT
PARTNERSHIP
0006, �
BY: 0. Iry a.r. BY: A J&
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