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HomeMy WebLinkAboutA007 - Subdivision Sidewalk Bond dated June 18, 1992 SUBDIVISION SIDEWALK BOND VALLEY EAST TWO WHEREAS, construction of sidewalks in the Valley East Two subdivision by the subdivider is a condition for approval by the City of Ames of the plat of said subdivision; and, WHEREAS, it is desired that in accordance with customary building practice the construction of a sidewalk pertaining to a lot in said subdivision not be done until completion of a principal building on the lot so as to avoid destruction of the sidewalk by passage of heavy construction equipment and vehicles; NOW, THEREFORE, BE IT KNOWN That Dean Hunziker and Erb Hunziker personally are hereby held and firmly bound as obligors unto the obligee City of Ames, Iowa, in the penal sum of $20,000 for the payment of which sum, well and truly to be made, we do jointly and severally bind ourselves, our heirs, executors, successors and assigns hereby, this being covenant to run with the land. The condition of the above obligation is such that if all sidewalks required to be constructed as a condition for approval of the plat of the aforesaid subdivision shall be properly constructed in accordance with the standards and specifications of the City of Ames Department of Public Works, with relation to each and every lot, then this obligation to be void, otherwise to remain in full force and effect. Nothing herein shall be deemed an impediment to a resolution of necessity and assessment for a sidewalk wit respect to lots in the said subdivision. DEA HU IKER PRI ZIKER PRINCIPAL STATE OF IOWA, STORY COUNTY, ss: On this f8#L" day of Lv 19_%�4 before me, the undersigned, a notary public in an fog t e State of Iowa personally appeared (��� � ��� c��J and to me known to be the identical persons named in and who executed the fore— going instrument, and acknowledged that they executed the same as their voluntary act and deed. Not y Public in and for the Stat of Iowa WdOAMA NMMO