HomeMy WebLinkAboutA003 - Agreement for Public Improvements dated November 7, 2003 03 ® 24101
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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 R.FRIEDRICH AND SONS,INC.,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 KINYON-
CLARK SUBDIVISION FIRST ADDITION, AMES, STORY COUNTY,IOWA; and
WHEREAS,the Developer is required to construct certain improvements and utilities within
the real estate, to-wit: sanitary sewer, storm sewer, water main, street and street lights, 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
$483,752.00 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before April 30, 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 7 day of , 2003.
DEVELOPER
R. FRIEDRICH AND SONS, INC.
By:
Robert K Friedrich, J . Vice President
By:
Kurt W. Friedrich, Secretary/Treasurer
STATE OF IOWA, STORY COUNTY, ss:
On this _? day of ,2003,before me,the undersigned,a Notary Public
in and for the State of Iowa,personally appeared Robert K. Friedrich, Jr. and Kurt W. Friedrich,to
me personally known, who being by me duly sworn, did say that they are the Vice President and
Secretary/Treasurer,respectively,of the corporation executing with within and foregoing instrument,
that no seal has been procured by the corporation; that said instrument was signed on behalf of the
corporation by authority of its Board of Directors; and that Robert K. Friedrich, Jr. and Kurt W.
Friedrich, as such officers, acknowledged the execution of the foregoing instrument to be the
voluntary act and deed of the corporation,by it and by them tarily execut
,AC
a IP STACIE L. COOMES
0 COMMISSION NO. 164402 Notary Public in and for the State of Iowa
* MY COMMISSIONEXPIRES
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u_Tcansiti edcich_nnd_Sons_Inc,Kinyon-Clart:_Subdivision,Final_Platagmt—public improvements.doc
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