HomeMy WebLinkAboutA003 - Agreement for Public Improvements dated October 24, 2005 4 �
Instrument Prepared By and Returned To: Deborah S.Krauth,1416 Buckeye,Ste.200,Ames,IA 50010;515-232-3921
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement are UTHE DEVELOPMENT COMPANY,L.L.C.,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
NORTHRIDGE HEIGHTS NINTH 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
$342,890.00 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before October 24, 2006.
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.
Dated this c� day of ®C�6 rV , 2005.
UTHF^VE OPME T COMPANY, L.L.C.
By:
Charles E. Winkleblack, Manager
By:
Robert K. Friedrich, Jr., Manager
STATE OF IOWA )
)ss:
COUNTY OF STORY )
On thi&)4-t day of CC: eK ,2005,before me,Notary Public in and for the
State of Iowa, personally appeared Robert K. Friedrich, Jr. 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 Robert K. Friedrich, Jr. 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.
4� Ajmj?'k�-10 &L44fJ
�,� SHANNON BRYAN
I ' Commission Number 735828 Notary Public in and for thedState of Iowa
My commissio Expires
d'18•IDa o
CITY OF AMES, IOWA
By: C �--�----
ohn Joiner
Director of Public Works
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