HomeMy WebLinkAboutA007 - Agreement for Public Improvements dated July 21, 2005 DO NOT WRITE W THE SPACE ABOVE THIS LINE,R OECORDED R R.
Prepared by:
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement,made pursuant to Section 23.304, Ames Municipal Code, are
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 a subdivision of real estate to be
known as E_a s t H i c k o r y` P'a r k Sub. , Ames, Story County.,Iowa;and
WHEREAS,the Owners are required to construct certain improvements:and utilities within
the real estate,to wit: 2 ✓r eGcle ,by not later than 6—Q-12007
and,to pay reasonable engineering and inspection ees therefor, all as part of the-platting procedure
of the City:
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 cheek in the amount of$9y D00 eo
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 Owners fail 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 certified:check
shall be returned to Owners, as the case may be.
DATED this 2( day of JL1(,1.11z4vs
OWNERS Hickory -Park n'c CITY-OF AMES,IOWA
By: By:44
John C. Joiner
BY
Do
Director of Public Works
vT O
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