HomeMy WebLinkAboutA009 - Agreement for Public Improvements dated April 16, 2002 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 ERBEN HUNZIKER AND MARGARET HUNZIKER
APARTMENTS,L.L. C.,hereinafter referred to as "Owner," 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
LONGVIEW SUBDIVISION FIRST ADDITION,AMES, STORY COUNTY,IOWA; and
WHEREAS,the Owners are required to construct certain improvements and utilities within
the real estate,to wit: street lights and paving,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
$171,567.00 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before May 14, 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 16 day of , 2002.
OWNERS
ERBEN HUNZIKER AND MARGARET
HUNZIKER APA TME1V S, L.L.C.
By:
Dean 14unziker, Manage
STATE OF IOWA, STORY COUNTY, ss:
L
On this A day of , 2002, before me, the undersigned, a Notary
Public in and for the State of lc%a, personally appeared Dean Hunziker, to me personally known,
who being by me duly sworn did say that he is a Manager 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 Dean Hunziker acknowledged the execution of said instrument to be the
voluntary act and deed of said limited liability comp=' executed.
PptA1 DEB' ` S. KRAUTH
°.` COM[Vi!3;;iUq NO. 129704
" MY CO M1S N E RES N to " Pu 1 c m and for the State of Iowa
:Owx
CITY OF AM ES,IOWA
By:
Paul Wiegand
Director of Public Works
PADSKmuth\Erb&Marg Hum AptsU-ongview Subdivision\agrmt--public improvements.doc
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