HomeMy WebLinkAboutA020 - Agreement for Public Improvements (no date) 04 - 0219
INST.NO.
STORY COUNTY,IOWA
FILED FOR RECORD
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AM FEB 2 6 004
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SWAN L.ffVtAN��DI I AMP,Recorder
REC.FEE$ nn AUD.FEE
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Prepared by: Larry R. Curtis, 323 Sixth Street, P.O. Box 664, Ames, IA 50010, (515)232-4732
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement,made pursuant to Section 23.304,Ames Municipal Code,are
SOUTHFORK DEVELOPMENT,L.L.C.,as"Owner",and the CITY OF AMES, IOWA,hereinafter
referred to as "City".
WHEREAS,the Owner is in the process of platting a subdivision of real estate to be known
as South Fork Subdivision, Second Addition, Ames, Story County, Iowa; and
WHEREAS,the Owner is required to construct certain improvements and utilities within the
real estate,to-wit:street lights and street paving,by not later than 24th day of February,2006,and
to pay reasonable engineering and inspection fees therefor,all as part of the platting procedure of
the City.
NOW,THEREFORE, in consideration of the premises, it is hereby agreed that the Owner
shall deposit with the City a surety bond, letter of credit or certified check in the amount of
$143,000.00 conditioned upon the completion of the said improvements and utilities, by the said
date,as required by the City for said subdivision,in accordance with plans and specifications on file
with the City's engineers and by this reference made a part of this agreement.
IT IS FURTHER AGREED that City reserves the right to construct said improvements and
utilities in the event Owner fails to do so as herein agreed,and to cover the costs thereof with the
surety bond, letter of credit or the 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 certifed.check shay
be returned to Owner as the case may be. Jr!
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SOUTHFORK DEVELOPMENT, L.L.C. CITY OF AMES�JA,; tr5 ��o
Terra Firma, L.P. Paul Wiegand
Ev Cochrane &Associates, Inc., Director of Public Wo
General Partner
By: David Keller, Vice- President
Sole Member