HomeMy WebLinkAboutA003 - Public Improvements Contract dated March 21, 1975 PUBLIC IMPROVEMENTS CONTRACT
THIS AGREEMENT made .by and .between the City of Ames, Iowa,
hereinafter referred to as "City, " and Everett W. Cochrane, hereinafter
referred to as "Developer. "
WHEREAS, Developer is the owner of certain land .being platted as
Willow Creek Estates First Addition to the City of Ames, Iowa; and,
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WHEREAS, City requires that Developer install and construct at
Developer's expense for the .benefit of City certain public improvements
connected with said platting.
NOW, THEREFORE, it is hereby agreed by and between City and
Developer as follows:
1. Developer shall complete,' within twelve months from the date of
this contract, the installation and construction of the following public improve-
ments serving the land platted as Willow Creek Estates First Addition to
the City of Ames, Iowa, to-wit:
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(a) Street lighting on South Dakota Ave. Estimated cost: $ 350. 00
(b) Water mains (8-inch diameter) on South Dakota Avenue extended
from the existing municipal water system south approximately 300 feet to
said Willow Creek Estates First Addition. Estimated cost: $ 3, 500. 00
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L1 c) Storm sewer (36-inch diameter) to pick up surface waters drain-
ing from the agricultural land to the west of South Dakota Avenue and carry
it from the southwest corner to the northwest corner of said Willow Creek
Estates First Addition to discharge into College Creek. Estimated cost of
800 lineal feet: $ 16, 000. 00
2. Developer shall deposit with the City Clerk of the City of Ames,
Iowa, a corporate surety bond or a certified check for the benefit of or pay-
able to the City of Ames, Iowa, conditioned upon the full performance of
this contract .by Developer, in which event such corporate surety bond or
certified check shall be released or returned to Developer. In the event
Developer fails to fully perform this contract, City may complete installation
and construction of all public improvements provided for .by the terms of
this contract and recover the cost thereof from the surety on said .bond or
from said certified check.
Dated this 21st day of March 1975.
CITY OF AMES,_ IOWA-
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R. Castner, ity anager Everett W. Cochrane