HomeMy WebLinkAboutA011 - Agreement for Public Improvements dated April 9, 2001 DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR RECORDER
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement, made pursuant to Section 23.304, Ames Municipal Code, are Onyx
Development,"IE,hereinafter referred to as `Owners", and the CITY OF AMES, IOWA, hereinafter referred to
as"City".
WHEREAS, the Owners are in the process of platting a subdivision of real estate to known as Country
Meadows Second Addition,Ames,Story County,Iowa;and
WHEREAS,the Owners are required to construct certain improvements and utilities within
the real estate, to wit: by not later than ,.I Zq ZC03 and, to pay reasonable
engineering and inspection fees therefore,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 $88,000 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 engineers and by this reference made a part of this
agreement.
IT IS FURTHER AGREED that City reserves the right to construct said improvements—utilities in the
event Owners fail 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 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 Owners, as the case
may be.
DATED this 911 day of April, 2001
OWNERS CITY OF AMES,IOWA
By By:' lzr
Paul Wiegand
Director of Public Works
By: