HomeMy WebLinkAboutA005 - Agreement dated October 23, 1979 A G R E E M E N T
KNOW ALL MEN BY THESE PRESENTS:
THIS AGREEMENT, made and entered into this 431� day of
1979 , between Erben A. Hunziker and Donald
M. Furman, R. Friedrich & Sons, Inc. , and Buck Construction
Company, Inc. , all of Story County, Iowa, hereinafter referred
to as "Owners" , and the City of Ames, Iowa, hereinafter referred
to as "City" , WITNESSETH:
WHEREAS, Owners are in the process of platting real
estate to be known as First Addition Spring Valley Subdivision to
Ames, Iowa, and
WHEREAS, Owners are required to construct certain
improvements and utilities within the real estate, and to
pay reasonable engineering and inspection fees therefor, all
as part of the platting procedure of the City:
NOW, THEREFORE, in consideration of the premises ,
it is hereby agreed that Owners shall deposit with the City
a surety bond, or a certified check, in the amount of 150,400.00,
conditional upon the completion of the improvements and utilities
as required by City for said Subdivision.
It is further agreed that City reserves the right
to construct said improvements and utilities in the event Owners
fail to do so as 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 the satisfactory
completion of the said improvements and utilities , including
the paying of a reasonable engineering and inspection fee
therefor, the bond shall be released and the bondsman
exonerated, or the certified check shall. be returned to Owners ,
as the case may be.
Dated thi .23,k day of , 1979.
07 ;,7kd11V�1
Er en A. Hunziker Donald M. Furman
GLAND, NEWBROUGH,
OHNSTON, BREWER
& MADDUX
AMES, IOWA
2 -
R�-TRIEMRTCH & SONS, INC. CITY OF AMES, IOW
-By ' .1h� By
Reber' 'K. .rr edr ch, Pres. Terry V Spre el,
- City M ger
By = w 7
nhard:. . PT- e ich, Secy.
BUCK CONSTRUCTION COMPANY, INC.
By o
obext 0. Buck, P esident
BY
Anne' K, Buck, Secretary
"OWNERS "CITY"
'.GLAND, NEWBROUGH,
JOHNSTON, BREWER
& MADDUX
AMES, IOWA