HomeMy WebLinkAboutA013 - Agreement for Public Improvements dated December 7, 2005 f
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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 RINGGENBERG ESTATES,L.L.C.,and FRIEDRICH
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
Ringgenberg Park 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, 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$240,000.00 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before December 28, 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 day of 2005.
DEVELOPERS
RINGGENBERG ESTATES, L.L.C.
By:
7Roert K. Friedrich,Jr Manager
By:
Kurt W. Friedrich, Manager
STATE OF IOWA, STORY COUNTY, ss:
On this -7 day of C.-„-s- Z e: , 2005, before me, the undersigned, a 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.
JEANNIE A. STOLEE
Notary Public in and for the State of Iowa
�- COMMISSION # 137834
MY COMMISSION EXPIRES
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FRIEDRICH LAND DEVELOPMENT COMPANY, L.L.C.
By:
Robert K. riedrich, Jr anager
By:
Kurt W. Friedrich, Manager
STATE OF IOWA, STORY COUNTY, ss:
On this -7 day of—Ce1 — Lz, , 2005, before me, the undersigned, a 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.
%AL JEANNIE A. STOLEE G
ccr::;!ss!ory ; ! ,asa iota]ry Public in and for the State of Iowa
P",Y COMMISSIO E:.r'IRES
CITY OF AME , IOWA
By: �--
n Joiner
irector of Public Works
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