HomeMy WebLinkAboutA006 - Agreement for Public Improvements dated October 31, 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 UTHE DEVELOPMENT COMPANY,L.L.C.,hereinafter
referred to as "Developer," and the CITY OF AMES, IOWA, hereinafter referred to as "City."
WHEREAS, the Developer is in the process of platting real estate to be known as
NORTHRIDGE HEIGHTS SEVENTH ADDITION,AMES,STORY COUNTY,IOWA; and
WHEREAS,the Developer is required to construct certain improvements and utilities within
the real estate, to-wit: utilities, street lights, paving and bike paths, 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 Developer
shall deposit with the City a surety bond, letter of credit or certified check in the amount of
$449,101.06 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before May 1, 2004.
IT IS FURTHER AGREED that City reserves the right to construct said improvements and
utilities in the event Developer fails to do so herein agreed, and to cover the costs thereof with the
letter of credit.
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 letter of
credit shall be released.
Dated this f day of , 2003.
UT EVELOPMENT COMPANY, L.L.C.
By:
Charles E. Winkleblack, Manager
By:
R bOK-. riedrich r�Manager
STATE OF IOWA )
)ss:
COUNTY OF STORY )
On this 3/ day of 0 (1'' - ,2003,before me,Notary Public in and for the
State of Iowa, personally appeared Robert K. Friedrich, Jr. and Charles E. Winkleblack, to me
personally known, who being by me duly sworn did say that these persons are Managers 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 Robert K. Friedrich, Jr. and Charles E.
Winkleblack acknowledged the execution of said instrument to be the voluntary act and deed of said
limited liability company by it voluntarily executed.
z�pPtAC s� STACIE L. COOMES
COMMISSION NO. 164402
MY COMMISSION EXPIRES Notary Public in and for the State of Iowa
,aWa 3- v
CITY OF AMES, IOWA
-By.
Paul Wiegand
Director of Public Works
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