HomeMy WebLinkAboutA008 - Agreement for Public Improvements dated October 11, 2004 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 "Owners," 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
SUNCREST SUBDIVISION THIRD ADDITION,AMES, STORY COUNTY, IOWA; and
WHEREAS,the Owners are required to construct certain improvements and utilities within
the real estate, to-wit: paving and street lighting.
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
$490,486.90 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before October 11, 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 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.
b -
Dated this—L day of , 2004.
R. FRIEDRICH AND SONS,INC.
By: '
R bert K. Friedric , Jr., Vice President
By:
. _X11'a 7"
K rt W. Friedrich, Secretary/Treasurer
STATE OF IOWA )
)ss:
COUNTY OF STORY )
On this ( day of ,2004,before me,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 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 Robert K.Friedrich,Jr. and Kurt W.Friedrich,acknowledged
the execution of said instrument to be the voluntary act and deed of said limited liability company by
it voluntarily executed.
Sint DEBORAH S. KRA-'_`--!
zp s� COMMISSION NO. 12.. . . of ublic in and for the State of Iowa
MY C MISSI N EXFIFa__"S
OWA L
CITY OF AMES,IO1 WA
Paul Wiegand
Director of Public Works
LLTr idonnM=ike_EntitiesWorthridgeHgUXEighth—Additi,nugrmt--public improveuvntsAm
2