HomeMy WebLinkAboutA012 - Agreement for Public Improvements dated November 1, 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
"Ci "ty.
WHEREAS, the Developers are in the process of platting real estate to be known as
Northridge Heights Second Addition, Ames, Story County, Iowa; and
WHEREAS, the Owners are required to construct one lane on Bloomington Road from
Valley View Road to Chilton Avenue, 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
Developers shall deposit with the City a surety bond,letter of credit or certified check in the amount
of$100,000.00 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before November 13, 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,
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 day of , 2001.
UTHE DEVELOPMENT COMPAY, L.L.C..
By: 6j""� ('Lzi�
Charles E. Winkleblack, Manager
By
obert K. Friedrich"Jr., Manager
STATE OF IOWA )
)ss:
COUNTY OF STORY )
On this day of '�Y ,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.
,& ary Public in and for the State of(Iowa
REBECCA H.BARCLAY
Commission Number 176182
My mmission Expires
CITY OF AMES, IOWA °WA �7
By: �. c
Paul Wiegand
Director of Public Works
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