HomeMy WebLinkAboutA004 - Agreement dated February 2, 1965 I
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AGREEMENT
This agreement made and entered into this o� day of
Lc,c.D 1965, by and between Green Meadows Co. , herein-
after referred to as First Party and the City of Ames, Iowa, herein-
after referred to as Second Party, "WITNESSETH:
WHEREAS, the First party is in the process of platting
a subdivision of Ames, Iowa, to be known as Crestwood Sixth Addi-
tion to Ames, Iowa, and located within the territorial boundaries
of the City of Ames, Iowa; and,
WHEREAS, the First Party is required to complete construc-
tion of water mains, street paving, curbs and gutters, street
signs, street lighting, storm sewers and sanitary sewers within
said subdivision and to pay reasonable engineering and inspection
fees therefor :, all as a part of the platting procedures in com-
pliance with the platting ordinances of the City of Ames, Iowa;
THEREFORE, in consideration of the premises, it is hereby
AGREED that First Party shall deposit with the Second Party a surety
bond or a certified check in the amount of $ (Lio,
conditional upon the completion of said improvements.
It is further agreed that said improvements must be
completed within one year from and after the date of final approval
of Crestwood Sixth Addition to Ames, Iowa, and the said improve-
ments shall be constructed to meet the approval of Second Party
acting through the City "Engineer' s Office.
It is further agreed that Second Party reserves the right
to complete the said improvements, in the event First Party fails
to do so, as herein-..agreed, and to cover the costs thereof with
the certified check or the surety bond, as the case may be.
I.t is further agreed that upon the satisfactory completio
of the said improvements, including the paying of a reasonable
engineering and inspection fee therefor, the bond shall be release
and the bondsman exonerated, or the certified check shall be
returned to the First Party, as the case may be.
IN "WITNESS "WHEREOF, we have hereunto subscribed our names
this day of �O'�ec 1965.
HEGLAND&NEWBROUGH
AMES,IOWA
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CITY OF AMES GREEN MEADOWS CO.
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B11 B`7 Ck
A. D. Thatcher, President
SECOND PARTY
Grace G. Thatcher, Secretary-
Treasurer
FIRST PARTY
HEGLAND&NEWBROUGH
AMES,IOWA