HomeMy WebLinkAboutA007 - Agreement dated May 24, 1988 t._
AGREEMENT
KNOW ALL MEN BY THESE PRESENTS :
THIS AGREEMENT, made and entered into this day
of May, 1988, 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 Fifth 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 $ (oa DOG .®® ,
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 .
Dated this day of 2 1988 .
JEWBROUGH,JOHNSTON, U
B RE8,NA LEER en A. Hunzike Donald M. Furman
&NADLER
AMES,IOWA
r
s
-2-
R. FRIEDRICH AND SONS, INC. BUCK CONSTRUCTION COMPANY
Z"__ -
By: By: .... 0 ,
Rob rt K. Friedrich, President "»o ert 0. Buck, President
y By: B w / - y:
R hard ied ich, Secr-etary Anne K. Buck, Secretary
"OWNERS" _
CITY S, IOWA
.By
F:;Paul- 'o dl and
—Mayor
"CITY"
NEWBROUGH,JOHNSTON,
BREWER,MADDUX
&NADLER
AMES,IOWA