HomeMy WebLinkAboutA009 - Agreement for Public Improvements dated October 4, 2001 01 _ 16g73— INST.NO. rr fOWP• V—^9.
STORY COUN 83
FILED FOR RECORD
DEC 03 2001 P
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Prepared by: Christine A. Hunziker, 535 Main St., Ames, IA.50010; telephone 232-4115
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement, made pursuant to Section 23.304, Ames Municipal
Code, are Hunziker Development Co., L.C., hereinafter referred to as "Owner", and the
City of Ames, Iowa, hereinafter referred to as "City".
WHEREAS, the Owner is in the process of platting a subdivision of real estate to
be known as Seventh Addition, Hillside Subdivision, Ames, Story County, Iowa; and
WHEREAS, the Owner is required to construct certain improvements and utilities
within the real estate, to wit: Top coat of streets and street lights, by no later than
Ad�mbeg 0? ,and, to pay reasonable engineering and inspection fees therefor,
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 $13,200.00 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's engineers and by this reference made a
part of this Agreement.
IT IS FURTHER AGREED that the City reserves the right to construct said
2
improvements and utilities in the event Owner fails 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 the Owner, as the case may be.
DATED this '"f„'` day of Q , 2001.
OWNER CITY OF AMES, IOWA
HUNZIKER DEVELOPMENT CO., L.C.
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By B �. ' G•
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y . .
DeaVE. Hunziker, President Paul Wiegand, D ctor of Public
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Works
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Y
Gary J. , Secretary