HomeMy WebLinkAboutA018 - Letter to Dayton Hudson dated July 16, 1999, releasing Bond - e
515 Clark Avenue,P. 0. Box 811
Caring People Ames,IA 50010
Qualiry Prograns
Exceptional Service Phone: 515-239-5105
Fax: 515-239-5142
July 16, 1999
Jim Theusch
Dayton Hudson Corporation
33 South 6th Street
Minneapolis, MN 55042
Dear Mr. Theusch:
At their meeting held July 13, 1999, City Council members approved the completion of subdivision
improvements for the Target Subdivision in Ames. We have since received written authorization from
the Engineering Division of Public Works that we are to return Dayton Hudson's Subdivision
Improvement Bond; therefore, you will find the document enclosed.
If you should have any questions regarding this action, please feel free to contact us.
Sincerely,
Jill Ripperger
Deputy City Clerk
/j r
Enclosure
Bond No: 11133376274
SUBDIVISION IMPROVEMENT BOND
KNOW ALL MEN BY THESE PRESENTS, THAT:
DAYTON HUDSON CORPORATION DBA TARGET STORES T-1170 ,asPrincipaband
FIREMAN'S FUND INSURANCE COMPANY , as Surety, are
held and firmly bound unto CITY OF AMES, IOWA
, as Obligee, in the amount of
Five Hundred Ninety-Nine Thousand Four Hundred Fifty-Six and 00/100 Dollars, ($599,456.00 )
for payment whereof said Principal and Surety bind themselves, their heirs, executors,
administrators, successors and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION is such that if said Principal shall construct in
accordance with the preliminary plat thereof, the following improvements to wit:
Street Improvements, Sidewalks, Storm Sewer, Sanitary Sewer, and Water Main
in accordance with the applicable regulations, specifications, standards, ordinances and laws of
said __CITY OF AMES. IOWA
and of the State of Iowa , then this obligation to be void;
otherwise to remain in full force and effect.
The Surety hereby waives notice of any alteration or extension of time made by Obligm.
Dated at Chicago, Illinois this 19th day of August 19_�46 .
DAYTON HUDSON CORPORATION DBA TNRGET STORES
T-1170
Pr;:�cipal
By: AlV
ppSS A� , �
ERK
FIREMAN'S FUND'IN RANt�CE COMPANYNSE6
/ Surety
By: --�
William Reiding Attom,--y-ir,-Fact