HomeMy WebLinkAboutA008 - Agreement for Public Improvements dated June 14, 2006 - 2 -
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 DAYTON PARK 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 Four
Seasons Subdivision,Ames, Story County,Iowa; and
WHEREAS, the Developers are required to construct certain improvements and utilities
within the real estate, to wit: water lines and sanitary sewer, 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$270,000.00 conditioned upon the completion of the improvements and utilities as required by the
City for said subdivision on or before June 14, 2007.
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 , 2006.
DEVELOPERS
DAYTON P , L.L.C.
By:
Dea . Hunziker, Manage
STATE OF IOWA, STORY CO TY, ss:
L
On this day of ,2006,before me,Notary Public in and for the
State of Iowa, personally appe ed Dean E. Hunziker, to me personally known, who being by me
duly sworn did say that that person is Manager 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 acknowledged the execution of said instrument to be the voluntary act
and deed of said limited liability company by it voluntarily executed.
f,p`s� DEBORAH S. K;�UTH
� -� 64&14t1Wt
COMMISSION NO97 SzMY OMMI SIGNPIRES Notary Public in and for the State of Iowa
IOWA
CITY OF , IOWA
By.
John Joine
Director of Public Works
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