HomeMy WebLinkAboutA037 - Agreement for Public Improvements DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR RECORDER
Prepared by:Douglas R.Marck,City of Ames Legal Department,515 Clark Avenue,Ames,Iowa 50010(Phone:515-239-5146)
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement,made pursuant to Section 23.304 of the Ames Municipal Code,are
NORTH GRAND MALL PARTNERS,LLC,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
Streets of North Grand,Ames,Story County,Iowa;and
WHEREAS,the Owners are required to construct certain improvements and utilities within the real
estate,to wit: 5 fr2 e{s X/ raK dll aKa u A1of,4tgs.;0 by not later than Ott a d4v
,r,VwU-{t„e eW C !4'fx¢ to 64011j�-and to pay reasonable engineering and inspection fees therefor,
all as part of the platting proce� duce 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 check in the amount of$76,If50,do
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 satisfactory completion of the said improvements and utilities,
including the paying of reasonable engineering and inspection fees therefor(and such fees shall be in
accordance with the maximum fees allowed under the fee schedule set out in the Ames Municipal Code),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�day of_� 12007.
OWNERS CITY OF AMES,IO A
orth Grand Mall Partners,LLC
ohn Joiner,Dir-5t91of Public Works
By: M/
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