HomeMy WebLinkAboutA006 - Agreement for Public Improvements dated August 8, 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 HLJNZIKER 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 Taylor
Glenn Second Addition, Ames, Story County, Iowa; and
WHEREAS, the Developers are required to construct certain improvements and utilities
within the real estate,to wit: paving,water, sanitary and storm sewer 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
Developers shall deposit with the City a surety bond, letter of credit or certified check in the amount
of$313,400.00 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before August 8, 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 day of!4 2005.
HUNZIKER LAND DEVELOPMENT
COMPANY, L.L.C.
By: �4
n E. Hunziker M ager
r
By:
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, ss:
On this day of 2005,before me,Notary Public in and for the
State of Iowa, personally appeared an 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.
o,P s ANlYANDERSON Notary Put in and for the State of Iowa
Commission Number 731273
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