HomeMy WebLinkAboutA007 - Agreement for Public Improvements 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 HUNZIKER LAND 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
FOUNTAINVIEW SUBDIVISON,AMES, STORY COUNTY, IOWA; and
WHEREAS,the Developer is required to construct certain improvements and utilities within
the real estate, to-wit: public utilities, paving and street lighting, 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
$1,273,242.00 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before September AL 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 —/—day of , 2004.
HUNZIKER LAND DEVELOPMENT
COMPANY, L. C.
By:
can E. Hunziker, M ger
By: R G ].�"y
"Zz—
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, ss:
On this day of ,2004,before me,Notary Public in and for the
State of Iowa,personally appeare&bean E.Hunziker 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 Dean E.Hunziker 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.
Ftnc s9 DEBORAH S. KRAUTH
COMMISSION NO. 129704 Notary Public in and for the State of Iowa
MJ
MMISSION EXPIRES
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LA Transitional\Hunziker_Entities\HI iker_Land_Development_Company_LLC\Fountainview_Subdivision\agrmt--public im wwv nts.doc
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