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HomeMy WebLinkAboutA005 - Agreement for Public Improvements dated September 9, 2008 r-4� /,e0\lnstruMent:2009- 00011467 ,� 11 Date:Oct 22e200� 11:33:22A t;, D Rec Fee: 20.00 E-Coe Fee: 1.00 Aud Fee: .00 Trans Tax: .00 Sec tlanasement Fee: 1.00 Non-Standard Pase Fee: .00 Filed for record in Stars Countst Iowa o Susan L. Vande aamay Counts Recorder INSTRUMENT PREPARED BY: Brian D.Torresi, 1416 Buckeye Ave.,Ste.200,Ames,IA 50010(Tel:956-3900 RETURN To: Brian D.Torresi, 1416 Buckeye Ave.,Ste.200,Ames,IA 50010(Tel:956-3900) AGREEMENT FOR PUBLIC E%IPROVEIVIENTS The parties to this Agreement are QUAM LBETED PARTNERSHIP and HUNZIKER LAND DEVELOPMENT COMPANY, L.L.C. (hereinafter referred to as the"Owners"), and the CITY OF AMES,IOWA(hereinafter referred to as the"City"). WHEREAS,the Owners are in the process of platting real estate to be known as ESTATES WEST SUBDIVISION SECOND ADDITION,ANTES,STORY COUNTY,IOWA; and WHEREAS,the Owners are required to construct certain improvements and utilities within the real estate,to-wit: water, sewer, storm sewer,paving, street lighting,and erosion control. NOW,THEREFORE,in consideration of the premises,it is hereby agreed that the Owners shall deposit with the City a letter of credit in the amount of$143,371.0.0 conditioned upon the completion,,Iof the improvements and utilities as required by the City for said subdivision on or before the T day of ©L ,2010. IT IS FURTHER AGREED that City reserves the right to construct said improvements and utilities in the event the 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 ak day of Sk4kA b 2008. -CITY OF AMES,IOWA ZBy: �--�— J Joiner irector of Public Vorks -OWNERS- (SIGNATURE PAGES FOLLOW) HUNZH- ER LAND DEVELOPMENT COMPANY,L.L.C. 2 J ' By: De E.Hunziker, an j( By: - Charles E.Winkleblack,Manager STATE OF IOWA, STORY COUNTY, ss: On this l o day of S ,20 8 before me,the undersigned,a Notary Public in and for the State of Iowa, personally appeared Dean E. Hunziker and Charles E. Winkleblack,,to me personally known, who being by me duly sworn did say that they 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 Dean E. Hunziker and Charles E. Winkleblack acknowledged the execution of said instrument to be the voluntary act and deed of said limited liability company by it and by them voluntarily executed. Notary Public in and for the State of Iowa R TORRESI wry SSION NO.742380 Arf OOAII�'SS/ON I 1I $ S¢//d-!Id 3 QUAM LUMTED PARTNERSHIP By: John E.Quam,General Partner STATE OF CALIFORNIA,COUNTY O �etw Aa�eo , ss: S >4��,6« On this ztA- day of 2008,before me,the undersigned,a Notary Public in and for the State of California,personally appeared.John E.Quam,to me personally known,who being by me duly sworn did say that he is a General Partner of said limited partnership and that said instrument was signed on behalf of the said limited partnership by authority of its General Partners and the said John E.Quam acknowledged the execution of said instrument to be the voluntary act and deed of said limited partnership by it and by him voluntarily executed. R.!.MENRyd+ERRIN Commlulon#1711327 LN%' N0taryPubHc-CtoCouountyty n Notary. is Pub m an r the State of California San Motor Cam\. Drclb D10 R•R. 14Ud1ey-?eleR1j' VA-FA �u�f 1 4