HomeMy WebLinkAboutA005 - Subdivision Sidewalk Bond dated November 6, 1992 SUBDIVISION SIDEWALK BOND
BIG BLUESTEM SUBDIVISION
WHEREAS, construction of sidewalks in the Big Bluestem
Subdivision by the subdivider is a condition for approval by the
City of Ames of the plat of said subdivision; and
WHEREAS, it is desired that in accordance with customary
building practice the construction of a sidewalk pertaining to a
lot in said subdivision not be done until completion of a principal
building on the lot so as to avoid destruction of the sidewalk by
passage of heavy construction equipment and vehicles;
NOW, THEREFORE, BE IT KNOWN:
That Iowa State University Research Foundation, Inc. , as
corporate surety, is hereby held and firmly bound as obligor unto
the obligee City of Ames, Iowa, in the penal sum of $6, 000 for the
payment of which sum, well and truly to be made, this being
covenant to run with the land.
The condition of the above obligation is such that if all
sidewalks required to be constructed as a condition for approval of
the plat of the aforesaid subdivision shall be properly constructed
in accordance with the standards and specifications of the City of
Ames Department of Public Works, with relation to each and every
lot, then this obligation to be void, otherwise to remain in full
force and effect .
Nothing herein shall be deemed an impediment to a resolution
of necessity and assessment for a sidewalk with respect to lots in
the said subdivision.
IOWA STATE UNIVERSITY RESEARCH
FOUNDATION, INC.
Surety
By , ez T � Treasurer
By 2a±_ Vice President
STATE OF IOWA, COUNTY OF STORY: ss .
On this 6
Mday of November 19_9, A.D. before me, the
undersigned, a Notary Public in and for the State of Iowa,
personally appeared Warren R. Madden and Richard F. Ross
to me personally known, who being by me duly sworn, did say that
they are the Treasurer and Vice President
respectively, of said corporation;
(the seal affixed hereto is the seal of said
corporation) . That said instrument was signed on behalf of said
corporation by authority of its Board of Directors, and that said
Warren R. Madden and Richard F. Ross as
such officers, acknowledged the execution of said instrument to be
the voluntary act and deed of said corporation, by it and by them
voluntarily executed .
Notary Public in and for the State
of Iowa
,P s9 CHLORIS A.WILLIAMS
MY COMMISSION EXPIRES
City Clerk's Office
515 Clark Avenue,P. O. Box 811
Caring People Arles,IA 50010
guality Pmgramx Phone: 515-239-5105
Exceptional Service
Fax: 515-239-5142
November 19, 1997
Dan DoBell
Iowa State University Research Foundation
214 Office & Laboratory Building
Ames, IA 50011
Re: Big Bluestem Subdivision Sidewalk Bond
Dear Mr. DoBell:
I have enclosed the Subdivision Sidewalk Bond for sidewalk construction in the Big Bluestem
Subdivision, notarized on November 6, 1992. This bond has been on file in the City Clerk's Office
as security on public improvements in this subdivision. As the Public Works Department has
informed me that these sidewalks have now been completed, I am releasing the bond to you.
If you should have any questions regarding this release, please feel free to contact our office.
Thank you.
Sincerely, -�
C— --`,
^- 111� � L C
Sandra L. Ryan
City Clerk
Enclosure