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HomeMy WebLinkAboutA013 - Covenant for Assessment of Costs of Improvements dated June 25, 2002 DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR RECORDER Prepared by: John R.Klaus,City of Ames Legal Department,515 Clark Avenue,Ames,Iowa 50010(Phone: 515-239-5146) STAGECOACH SUMMIT SECOND ADDITION COVENANT FOR ASSESSMENT OF COSTS OF IMPROVEMENTS THIS COVENANT AND AGREEMENT is made effective the day of Pine• ,2002, by and between JESSE GOFF,his successors and assigns(hereinafter called"Developer"),and THE CITY OF AMES,IOWA, (hereinafter called"City"). WITNESSETH THAT : The parties hereto have agreed and do agree as follows: 1. This agreement is made for the purpose of meeting the subdivision regulations and plat approval requirements of the City. 2. In anticipation of the possibility that the City may at some time deem it to be in the public interest to cause construction of streetpaving,curbs and guttering,sewer service,water mains,sanitary sewer mains, and sidewalks by means of city awarded contracts to be paid by special assessments to be levied against the lots in Stagecoach Summit Second Addition,Developer'does hereby covenant and agree that by execution of this instrument Developer,its'successors and assigns,including purchasers of lots,and each of them,shall pay and are bound to pay tuthe City,the costs of the aforesaid improvements assessed to the lots in Stagecoach Summit Second Addition,by action of the governing body for the City,after notice of hearing as provided by Section 3 84.50 Code of Iowa,the provisions of Section 3 84.3 8 Code of Iowa notwithstanding. 3. Without affecting the forgoing waivers of rights,it is understood and agreed that if and when the governing body of the City conducts a hearing on a proposed resolution of necessity to assess public improvement costs to land referred to in this agreement,the owners of such land may then appear before the governing body of the City and be heard. 4. Additionally,Developer,in consideration of the benefits derived from approval of the said plat of subdivision,receipt of which is hereby acknowledged,does covenant with the City that it will never, at any future time, sue the City, or any officer or employee of the City, to test the regularity of the proceedings or legality of the assessment procedure,to appeal the amount of the assessment,to enjoin,set . aside, overturn, or reduce the amount of such assessments levied against the said land by the City. The foregoing provisions encumber the land that is platted as Stagecoach Summit Second Addition, Story County,Iowa. Page 1 of 2 ��e. . 5. This covenant and agreement shall be filed for record in the office of the Story County Recorder and all covenants, agreements,promises and representations herein stated shall be deemed to be covenants running with the land and shall endure and be binding on the parties hereto, their mortgagees, lienholders,successors and assigns,for a period of twenty-one(21)years from the date of the recording of these covenants,unless claims to continue any interest in the covenants are filed as provided by law. The City shall have the'right to file a claim to continue its interest in these covenants. 6. Invalidation of any of these covenants by judgment or court order shall in no way affect any of the other provisions,which shall remain in full force and effect. Executed by the respective signatories effective the date first above written. DEVELOPER CITY OF AMES,IOWA B ✓fig-�� y: v By: J se Goff Date Ted Tedesco,Mayor' < ,y { Date r By: 17 x Diane R. Voss, City Clerk Date Y k _ STATE OF IOWA,STORY COUNTY ss: STATE OF IOWA,COUNTY OF S ORY,'ss``' On this 4\day ofJ Ste,2002,before me,a On this aft A-day of 2002,before Notary Public in and for Story County, personally me,a Notary Public in and for the State of Iowa,personally appeared Jesse Goff,to me.known to be the person named appeared Ted Tedesco and Diane R. Voss, to me in and who executed the foregoing instrument, and person-ally known,and,who,being by me duly sworn,did acknowledged that he executed the same as his voluntary say that they are the Mayor and City Clerk,respectively,of act and deed. the City of Ames, Iowa; that the seal affixed to the foregoing instrument is the corporate seal of the corporation, and that the instrument was signed and sealed on behalf of the corporation, by authority of its City Notary PubliAAn and for Story County,Iowa Council,as contained in Resolution No-&?-30,adopted by the City Council on the o�5'`-day of � , Ba and that Ted Tedesco and Diane R. Voss acknowledged the execution of the instrument to be their CINDY L. HOL - voluntary act and deed and the voluntary act and deed of COMMISSION N0. 139989 the corporation,by it voluntarily executed. 10 A " MY CO M1SSlON EXPIRES v 0 Notary Public in and f r for ounty,Iowa Stagecoach Summit Second Addition-061302 AV, a DILL L. RIPPERGER ZCr ARA COMMISSION# 146549 * * MY COMMISSION EXPIRES Iowa ,�-/7~lam Page 2 of 2 P�Q