HomeMy WebLinkAboutA006 - Agreement for Public Improvements dated February 7, 2003 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 DAYTON PARK, 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 DAYTON
PARK SUBDIVISION FOURTH ADDITION,AMES, STORY COUNTY,IOWA; and
WHEREAS,the Owners are required to construct certain improvements and utilities within
the real estate, to wit: storm sewer, 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
$51,420.00 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before February 6, 2004.
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 52003.
OWNERS
DAYTON PA L.L.C.
Ey:
Dean E. Hunziker, Man a er
STATE OF IOWA, STORY COUNTY, ss:
On this:_day of E , 2003,before me, the undersigned, a Notary
Public in and for the State of Iowa,personally ap eared Dean E.Hunziker,tome 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 E. Hunziker acknowledged the execution of said instrument to be the
voluntary act and deed of said limited liability company by it voluntarily executed.
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CITY-OF AMES,IOWA REBECCle1 H.BARCLAI
Commission Number 176182
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'Pdul Wiegand
--Director of Public Works
PAHunziker Entities\Dayton Park,LLMSubdivisionADayton Park 4th\agrmt--pub1ic improvements.doc
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