HomeMy WebLinkAboutA005 - Agreement for Public Improvements dated October 10, 2003 - p3 - 23o4a
INST.NO.
STORY COUNTY,IOWA
FILED FOR RECORD M
Nov 0 7 2003 PM
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SUSAN L VANDE KAMP,Recorderw
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�.� Instrument Prepared By: David W. Benson, 1416 Buckeye, Ste.200,Ames, IA 50010; 515-233-3000
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement are Airport Road Developers, L.C., an Iowa limited liability
company,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 AIRPORT
ROAD SUBDIVISION, SECOND ADDITION,AMES, STORY COUNTY, IOWA; and
WHEREAS,the Owners are required to construct certain improvements and utilities within
the real estate,to wit: sanitary sewer,water main, storm sewer,streets and street lights,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
$66,894.00 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before October 8, 2005.
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 ly day of October, 2003.
OWNERS
AIRPORT ROAD DEVELOPERS, L.C.,
an Iowa limited liability company
By:
MAR IN J. ALTER, Manager
By:
•�L
DEAN E. HUNZIKEV, Manager
STATE OF IOWA, STORY COUNTY, ss:
r
On this ld day of a,� , 2003,before me, the undersigned, a Notary
Public in and for the State of Iowa,personally appeared Marvin J. Walter and Dean E. Hunziker,to
me personally known, who being by me duly sworn did say that they 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 Marvin J.Walter and 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.
a� STACIE L. COOMES Z�
COMMISSION NO. 164402
* MY COMMISSION EXPIRES Notary Public in and for the State of Iowa
/OWN - U
CITY OF AMES, IOWA
By:__
ta-
Paul Wiegand
Director of Public Works
L:\_Transitional\DWBenson\Airport_Road_Developers_MAirport Road Subdivision,Second Addition\agrmt--public improvements.doc
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