HomeMy WebLinkAboutA013 - Agreement for Public Improvements dated June 27, 2001 Instrument Prepared By:
Deborah S. Krauth, 1416 Buckeye, Ste. 200, Ames, IA 50010; 515-232-3921
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement are UTHE DEVELOPMENT COMPANY, L.L. C.,
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 real estate to be known as
Northridge Heights First Addition, Ames, Story County, Iowa; and
WHEREAS, the Owners are required to construct certain improvements and utilities
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within the real estate, to wit: curb and gutter, street construction and street lights, and to pay
reasonable engineering and inspection fees therefor, all as part of the platting procedure to the
City.
NOW, THEREFORE, in consideration of the premises, it is hereby agreed that the
Owners shall deposit with the City a surety bond, letter of credit or certified check in the amount
of$126,000.00 conditioned upon the completion of the improvements and utilities as required by
the City for said subdivision on or before July 10, 2003.
IT IS FURTHER AGREED that City reserves the right to construct said improvements
and utilities in the event Owners fail to do so herein agreed, and to cover the costs thereof with
the surety bond , letter of credit or 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 therefor,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 o-7 day of 2001.
UTHE DEVELOPMENT COMPANY, L.L.C.
By:- CL'LL�
Charles Wink back, anager
By:
R ert K. Friedr�ic,h, , Manager
STATE OF IOWA ) Paul Wiegand, Direr for
)SS: Public Works Department
COUNTY OF STORY )
On this -7 day of ,2001,before me,Notary Public in and for the
State of Iowa, personally appeared Robert K. Friedrich, Jr. and Charles E. Winkleblack, to me
personally known, who being by me duly sworn did say that these persons are Managers of said
limited liability company and that said instrument was signed on behalf of the said limited liability
company by authority of its managers and the said Robert K. Friedrich, Jr. and Charles E.
Winkleblack acknowledged the execution of said instrument to be the voluntary act and deed of said
limited liability company by it voluntarily executed
.1t
otary Public in and fort e State of Iowa
`s REBECCA BAPCLAY
MY 0 JMISSION EXPIRES
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