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Home My WebLink AboutA014 - Agreement for Public Improvements dated January 9, 2001 � Q � 544 b ,° INST.N0 ® � . ` :TORY GoUNTY I R�A FILED FOR FIE60 JAN 16 2001 P SUSAN L.VANDE KAM P Recorders � /Y REC.FEE$ .00 AUD.FEE$ o Prepared by: Christine A. Hunziker, 535 Main St., Ames, IA 50010; telephone 232-4115 AGREEMENT FOR PUBLIC IMPROVEMENTS The parties to this Agreement, made pursuant to Section 23.304, Ames Municipal Code, are Hunziker Development Co., L.C., hereinafter referred to as "Owner", and the City of Ames, Iowa, hereinafter referred to as "City". WHEREAS, the Owner is in the process of platting a subdivision of real estate to be known as Sixth Addition, Hillside Subdivision, Ames, Story County, Iowa; and WHEREAS, the Owner is required to construct certain improvements and utilities within the real estate, to wit: Final top coat on streets, by not later than bee-e-okbel, 19 r Z66Z 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 Owner shall deposit with the City a surety bond, letter of credit or certified check in the amount of $20,000.00 conditioned upon the completion of the said improvements and utilities, by the said date, as required by the City for said Subdivision, in accordance with plans and specifications on file with the City's engineers and by this reference made a part of this Agreement. IT IS FURTHER AGREED that the City reserves the right to construct said improvements and utilities in the event Owner fails to do so as herein agreed, and to cover the costs thereof with the surety bond, letter of credit or the certified check, as the 1 2 case may be. IT IS FURTHER AGREED that upon satisfactory completion of the said improvements and utilities, including the paying of reasonable engineering and inspection fees therefore, the bond shall be released and the bondsman exonerated, the letter of credit released or the certified check shall be returned to the Owner, as the case may be. DATED this day of , 2001. OWNER CITY OF AMES, IOWA HUNZIKER DEVELOPMENT CO., L.C. G P Y I d r . ski� z �`� �� L By By Dean . Hunziker, Presigent Paul Wiegand, DiGec, r of`:Public z h Works s 1 I F -'. l 1..5'. By Gary J: Hu a ecr tary 01 - 00544 a)