HomeMy WebLinkAboutA006 - Agreement dated December 17, 1985 AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
THIS AGREEMENT, made and entered into this 17th day
of December , 1985 , between Erben A. Hunziker and Donald
M. Furman, R. Friedrich & Sons, Inc. , and Buck Construction
Conmpany, 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 Third 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 $66,000.00* ,
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
r
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 this 17th day of December 1985 .
19
Er n A. Hunziker Donald M. Furman
R. FRIEDRICH & SONS, INC. CITY OF AMES, IOWA
By I By •
HEGLAND, NEWBROUGH, obert K. Friedrich, Pres . Steven Schd .nker
JOHNSTON, BREWER City Manager
& MADDUX t
AMES, IOWA By t ll c
9�
Reinhard -K. ied ich, Secy "CITY"
*$55,500.00(certified check) , $10,500(sidewalk)
y 9 !
-2-
BUCK CONSTRUCTION COMPANY, INC.
By D ,
Robert O. Buck, President
By
Anne' K. Buck, Secretary
"OWNERS"
STATE OF IOWA )
ss.
COUNTY OF STORY )
On this �'�� day of ?�e�Qnti � A.D. , 1985, before, me, the undersigned, a
notary public in and for the State of Iowa, personally appeared Steve Schainker
to me personally known,. who, being by me duly sworn did say that he is the
City Manager of said City; that the seal affixed thereto is the seal of said
City; that said instrument was si.gned and sealed on behalf of said City by
authority of its City Council and that the said City Manager as such officer,
acknowledged the execution of said instrument to be the voluntary act and deed
of said City, by it an-d by him voluntarily executed.
. . ... . . . . . . . . . . 7-71 (j,
Notary Public in and fo-r. the State of
Iowa - Diane M. Powers
HEGLAND, NEWBROUGH,
JOHNSTON, BREWER
& MADDUX
AMES, IOWA