HomeMy WebLinkAboutA005 - Agreement for Public Improvements dated April 16, 1997, Instrument No. 97-03924 1
w.No. 9`7-- 03924
o STORY COUNTY,IOWA
0 FILED FOR RECORD
AM APR 2 41997
AGREEMENT FOR PUBLIC IMPROVEMENTS
L ANDIE ,Reoordor
Recording Fee$
kxhoes Fee$
The parties to this Agreement are Dale Cooper, a/k/a Dale R. Cooper
and a/k/a Pete Cooper, and Donald E. Barber and Leanna K. Barber, all of
Story County, Iowa, hereinafter referred to as "Owners", and the City of
Ames, hereinafter referred to as "City".
WHEREAS, the Owners are in the process of platting real estate to
be known as Vulcan Industrial Properties Subdivision, a Replat of Lot 7 in
Pete Cooper Subdivision to Ames, Iowa; and
WHEREAS, the Owners are required to construct certain
improvements and utilities within the real estate, to-wit; sanitary sewer 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 the Owners shall deposit with the City a surety bond or certified
check in the amount of $30,000.00, conditional upon the completion of the
improvements and utilities as required by the City for said Subdivision.
IT IS FURTHER AGREED that City reserves the right to construct
said improvements and utilities in the event Owners fail to do so as herein
agreed, and to cover the costs thereof with the surety bond or the certified
check, as the case may be.
IT IS FURTHER AGREED that upon satisfactory completion of the
said improvements and utilities, including the paying of a reasonable
engineering and inspection fees therefor, the bond shall be released and the
-2-
bondsman exonerated, or the certified check shall be returned to Owners,
as the case may be.
Dated this / day of April, 1997.
DALE COOPER DONALD E. BARBER
11f�J
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LEANNA K. BARBER
"OWNERS"
CITY +OK=41 ES, IOWA
PU$L.IC ? O S DIRECTOR
03924
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