HomeMy WebLinkAboutA012 - Agreement for Public Improvements dated June 14, 2005 Instrument Prepared By and Return to: 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 "Developers" and the CITY OF AMES, IOWA, hereinafter
referred to as "City."
WHEREAS,the Developers are in the process of platting real estate to be known as Sunset
Ridge Subdivision First Addition,Ames, Story County, Iowa; and
WHEREAS, the Developers are required to construct certain improvements and utilities
within the real estate,to wit: paving and street lights,all as part of the platting procedure to the City;
NOW, THEREFORE, in consideration of the premises, it is hereby agreed that the
Developers shall deposit with the City a surety bond,letter of credit or certified check in the amount
of$298,100.00 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before May 27, 2006.
IT IS FURTHER AGREED that City reserves the right to construct said improvements and
utilities in the event Developers fail to do so herein agreed, and to cover the costs thereof with the
surety bond, letter of credit or certified check, as the case may be.
IT IS FURTHER AGREED that upon satisfactory completion of the said improvements and
utilities, including the paying of reasonable engineering and inspection fees therefor,the bond shall be
released and the bondsman exonerated, the letter of credit released or the certified check shall be
returned to Developers, as the case may be.
Dated this 1_4 1 day of 2005.
DEVELOPERS
HUNZIKER LAND DEVELOPMENT
COMPANY, C.
By:
Po' an E. Hunziker, Manag r
By: UU_�� (A_Lt_1d6z_
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, ss:
On this day of—."41"LC� , 2005, before me, the undersigned, a Notary
Public in and for the State of Iowa, personally appeared Dean E. Hunziker and Charles E.
Winkleblack, to me personally known, who being by me duly sworn did say that these persons are
Managers of said limited liability company and that said instrument was signed on behalf of the said
limited liability company by authority of its managers and the said Dean E. Hunziker and Charles E.
Winkleblack acknowledged the execution of said instrument to be the voluntary act and deed of said
limited liability company by it voluntarily executed.
?a• e REBECCA H.BARCLAY
Commission Number 1731 v2 N tary Public in and for the State of Iowa
My Commission Exr; G;
CITY OF AME$, IOWA
By:
ohn Joiner'
Director of Public Works
2