HomeMy WebLinkAboutA010 - Agreement for Public Improvements dated June 9, 2008 Instrument Prepared By and Returned To: Brian D.Torresi,1416 Buckeye Ave.,Ste.200,Ames,IA 50010;515-956-3914
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 SUBDIVISION TWELFTH ADDITION, AMES, STORY
COUNTY,IOWA; and
WHEREAS,the Owners are required to construct certain improvements and utilities within
the real estate,to-wit: paving, utilities, erosion control and street lights.
NOW, THEREFORE, in consideration of the premises, it is hereby agreed that the Owners
shall deposit with the City a surety bond, letters of credit or certified checks totaling $932,575.00
conditioned upon the completion of the improvements and utilities as required by the City for said
subdivision on or before June 24, 2010.
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.
l�
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 0�- day of June, 2008.
UTHE DEVELOPMENT COMPANY,L.L.C.
- )�L By:
( , �- U"v&
Charles E. Winkleblack, Manager
By:
Robert K. Friedrich, Jr., anager
STATE OF IOWA )
)ss:
COUNTY OF STORY )
On this I f-A day of June, 2008, 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.
BRIAN TOFtRESI
:C.OMMISSION NO.742380tr Co MI S r EXRRES Notary Public in and for the State of Iowa
IOWA ���/
CITY OF A E-,IOWA
By:
pow+►
—*Joiner
Director of Public Works �P*r
X:lClient HUI nAcr_EntidmNNoNuidgeHgts%Twel➢h_Addition\Agre mt for Public Imp-ts.doc
2