HomeMy WebLinkAboutA006 - Agreement for Public Improvements dated August 31, 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 HUNZIKER, CHRISTY, SHIRK BUILDERS,INC.,
hereinafter referred to as"Developers,"and the CITY OF AMES,IOWA,hereinafter referred to as
"Cit "
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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 Developers are required to construct certain improvements and utilities
within the real estate, to-wit: water main, sanitary sewer, storm sewer, 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
Developers shall deposit with the City a surety bond,letter of credit or certified check in the amount
of$524,000.00 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 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�day of del r r J/" , 2001.
HUNZIKER, CHRISTY, SHIRK BUILDERS, INC.
By:
Robert W. Shirk, Secretary/Treasurer
STATE OF IOWA )
ss:
COUNTY OF STORY )
On this -/ day of ,2001,before me,a Notary Public in and for the State
of Iowa, personally appeared Robert W. Shirk, to me personally known, who being by me duly
sworn, did say that that person is Secretary/Treasurer of said corporation and that said instrument
was signed on behalf of the said corporation by authority of its board of directors and the said Robert
W. Shirk acknowledged the execution of said instrument to be the voluntary act and deed of said
corporation by it voluntarily executed.
Notary Public in and for the Iftate of Iowa
P:\DSKrauth\Northrid eH s\Second Addition\a rmt—ublic im rovements.doc
8 St S P P
CITY OF AMES, IOWA --
By: -ts.
Paul Wiegand
Director of Public Works 2