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Home My WebLink AboutA018 - Letter to David Nelson dated April 25, 2007 - release of Subdivision Bond - City Clerk's Office 515 Clark Avenue,P. O. Box 811 Caring People Ames,IA 50010 Quality Programs weptional Service Phone: 515-239-5105 Fax: 515-239-5142 April 25, 2007 Mr. David D. Nelson 213 N. Ankeny Blvd., Ste. 100 Ankeny, Iowa 50021 RE: Bloomington Heights Subdivision, I Ith Addition Dear Mr. Nelson: At its meeting of April 24, 2007, the Ames City Council accepted completion of public improvements for the above-named Subdivision and released the security being held therefor. Enclosed is the released Subdivision Bond, No. IAC 36199, in the amount of$5,615 formerly filed by Knapp Properties, Inc., as Principal. If you have questions, please don't hesitate to contact me. Thank you. Sincerely, Diane Voss City Clerk /dry Enclosure .M 4, , Merchants Bonding Company 2100 FLEUR DRIVE -DES MOINES,IOWA 50321-1158 SUBDIVISION BOND Bond No. IAC 36199 KNOW ALL PERSONS BY THESE PRESENTS: THAT we, Knapp Properties,Inc. as Principal, and MERCHANTS BONDING COMPANY(MUTUAL)of Des Moines, Iowa (hereinafter called the Surety)are held and firmly bound unto the City of Ames,Iowa as Obligee, in the penal sum of Five Thousand Six Hundred Fifteen and No/100 dollars ($5,615.00 ), lawful money of the United States to the payment of which sum well and truly to be made,the Principal herein firmly binds himself(themselves),their heirs, executors, and administrators, and the said Sure binds itself, its successors, assigns,executors and administrators jointly and severally, tY 9 �1 Y firmly by these presents. NOW THE CONDITION OF THIS OBLIGATION IS SUCH,THAT,whereas the above bounden Principal is platting certain lots entitled Bloomington Heights Plat 11 being an official plat lying within the City of Ames County of Story , State of Iowa WHEREAS, the above bounden Principal has agreed with the Obligee to install the following improvements: Bloomington Heights Plat I I -2nd layer 2"Asphalt Pavement-Spring 2005 ALL such improvements to be completed in accordance with an agreement between the Principal and the Obligee. NOW, if the Principal shall in all respects fulfill this said obligation according to the terms thereof, and shall satisfy all claims and demands incurred for same, and shall fully indemnify and save harmless the Obligee from all costs and damages which it may suffer by reason of failure to do so and shall fully reimburse and repay the Obligee all outlays and expenses which it may incur in making good any such default, then this obligation is to be void and of no effect;otherwise to remain in full force and effect. IN WITNESS WHEREOF,we have hereunto set our hands and seals this 3rd day of May ,20 04 Knapp Properties,Inc. indpal i M ANTS BONDI G COMPANY TUAL) By CON 0303(9/00) Diane M.Vanderpool,Att ey-In-Fact i Merchants Bonding Company (Mutual) POWER OF ATTORNEY Bond No. IAC36199 Know All Persons By These Presents,that the MERCHANTS BONDING COMPANY(MUTUAL),a corporation duly organized under the laws of the State of Iowa,and having its principal office in the City of Des Moines,County of Polk,State of Iowa,hath made, constituted and appointed,and does by these presents make,constitute and appoint Dean M.Clark,Brenda K.Vincent,Jennifer K.Walker, Diane M.Vanderpool,Ginger L.Yates of Des Moines and State of Iowa its true and lawful Attomey-in-Fact,with full power and authority hereby conferred in its name,place and stead,to sign,execute,acknowledge and deliver in its behalf as surety any and all bonds,undertakings,recognizances or other written obligations in the nature thereof,subject to the limitation that any such instrument shall not exceed the amount of: TEN MILLION($10,000,000.00)DOLLARS and to bind the MERCHANTS BONDING COMPANY(MUTUAL)thereby as fully and to the same extent as if such bond or undertaking was signed by the duly authorized officers of the MERCHANTS BONDING COMPANY(MUTUAL),and all the acts of said Attomey-in-Fact,pursuant to the authority herein given,are hereby ratified and confirmed. This Power-of-Attomey is made and executed pursuant to and by authority of the following Amended Substituted and Restated.By- Laws adopted by the Board of Directors of the MERCHANTS BONDING COMPANY(MUTUAL)on November 16,2002. ARTICLE II,SECTION 8-The Chairman of the Board or President or any Vice President or Secretary shall have power and authority to appoint Attorneys-in-Fact,and to authorize them to execute on behalf of the Company,and attach the Seal of the Company thereto,bonds and undertakings,recognizances,contracts of indemnity and other writings obligatory in the nature thereof. ARTICLE 11,SECTION 9-The signature of any authorized officer and the Seal of the Company may be affixed by facsimile to any Power of Attorney or Certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship obligations of the Company, and such signature and seal when so used shall have the same force and effect as though manually fixed. In Witness Whereof,MERCHANTS BONDING COMPANY(MUTUAL)has caused these presents to be signed by its President and its corporate seal to be hereto affixed,this 1st day of January,2003. �0�l1G'CO�.o'• MERCHANTS BONDING COMPANY(MUTUAL) Poq .9 . y 1933 0:c: By STATE OF IOWA ••••.�;.••'• President COUNTY OF POLK ss. On this 1 st day of January,2003,before me appeared Larry Taylor,to me personally known,who being by me duly swom did say that he is President of the MERCHANTS BONDING COMPANY(MUTUAL),the corporation described in the foregoing instrument,and that the Seal affixed to the said instrument is the Corporate Seal of the said Corporation and that the said Instrument was signed and sealed In behalf of said Corporation by authority of its Board of Directors. In Testimony Whereof,I have hereunto set my hand and affixed my Official Seal at the City of Des Moines,Iowa,the day and year first above written. pp MARILYN BOYD + F Commission Number 10012 c My Commission Ex Tres November 4,2004 Notary Public,Polk County,Iowa STATE OF IOWA COUNTY OF POLK ss. I, William Warner,Jr.,Secretary of the MERCHANTS BONDING COMPANY(MUTUAL),do hereby certify that the above and foregoing Is a true and correct copy of the POWER-OF-ATTORNEY executed by said MERCHANTS BONDING COMPANY(MUTUAL),which is still in full force and effect and has not been amended or revoked. In Witness Whereof,I have hereunto set my hand and affixed the seal of the Company on this 3rd day of May 2004 s• p. 1933 ' Secretary MSC 0814(2/03) •y9� .. .�1•i c ' City Clerk's Office 515 Clark Avenue,P. O.Box 811 AGaring Ames,IA 50010 Qnalav Programs Phone: 515-239-5105 Exceptional'S""7e Fax: 515-239-5142 May 7, 2004 TO WHOM IT MAY CONCERN: I, Diane R. Voss, hereby certify that I have this date received, from Knapp Properties, Inc., a Subdivision Bond in the amount of$5,615. Said instrument has been placed on file in the Ames City Clerk's Office, 515 Clark Avenue, for the development of the public improvements: overlay asphalt in Bloomington Heights Subdivision, 11th Addition, to the City of Ames, Iowa. By: C�,�tu) / Diane R. Voss Title: City Clerk