HomeMy WebLinkAboutA010 - Agreement dated June 9, 1987 7
AGREEMENT
KNOW ALL MEN BY THESE PRESENTS :
THIS AGREEMENT, made and entered into this 9th day
of June, 1987 , 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 Fourth Addition Spring Valley Subdivision
to Ames , Iowa, and
WHEREAS, Owners are required to construct certain
improvements and utilities whithin 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 $ el0. ,
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 therefore,
the bond shall be released and the bondsman exonerated, or the
certified check shall be returned to Owners , as the case may be.
1
Dated t is 9th i' day of June 1 7?
i
E n A. Hunziker / Donald M. Furman
Mar are H. unziker �Rt�h �IZ��n n
NEWBROUGH,JOHNSTON,
BREWER,MADDUX
&NADLER
AMES,IOWA APPROVED AS TO FORM
By
John R. Klaus
City Attorney
a
-2-
R. FRIEDRICH AND SONS , INC. BUCK CONSTRUCTION COMPANY
` By:
B 1 -
y• -��
Robert K. FriNedrich, President o rt 0. Buck, President
By: By:
Rein and K. Friedrivh., Secretary An fie' K. Buck, Secretary
"OWNERS"
CITY OF AMES, IOWA
B y: :i�2s+. IY�r�• I
Steven L. Schainker
City Manager
"CITY"
NEWSROUGH,JOHNSTON,
BREWER,MADDUX
&NADLER
AMES,IOWA