HomeMy WebLinkAboutA010 - Agreement for Public Improvements dated March 5, 2009 `f
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Instrunent:2009- 00003346
n DateMar 31Y2009 03:13:43P
D Rey_ Fee: 10.00 E-Com Fee: 1.00
G Aud Fee: .00 Trans Tax: .00
0 o Nec Hanasement Fee: 1.00
U o Non-Standard Pase Fee: .00
oFiled for record in Story Country Iowa
aQ) Susan L. Vande Yamov Counts Recorder
o
INSTRUMENT PREPARED BY: Brian D.Torresi, 1416 Buckeye Ave., Ste.200,Ames,IA 50010(Tel: 956-3900)
>,C4 RETURN To: Brian D.Torresi, 1416 Buckeye Ave., Ste.200,Ames,IA 50010(Tel:956-3900)
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AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement are C&B LINCOLN WAY,L.L.C.(hereinafter referred to as
the"Owner"), and the CITY OF AMES, IOWA (hereinafter referred to as the "City").
WHEREAS, the Owner is in the process of platting real estate to be known as WALNUT
RIDGE SUBDIVISION SECOND ADDITION,AMES, STORY COUNTY,IOWA; and
WHEREAS,the Owner is required to construct certain improvements and utilities within the
real estate,to-wit: water, sanitary sewer, storm sewer,paving,erosion control and street lights and
electric substructure.
NOW, THEREFORE, in consideration of the premises, it is hereby agreed that the Owner
shall deposit with the City a letter of credit in the amount of$178,900.00 conditioned upon the
completion of the improvements and utilities as required by the City for said subdivision on or before
the day of � � , 2011.
IT IS FURTHER AGREED that City reserves the right to construct said improvements and
utilities in the event the Owner fails 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 s� day of March, 2009.
-CITY OF AMES IOWA- �k
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John Joiner a
Director of Pub is Works
-OWNER-
C &B LINCOLN WAY, L.L.C.
By: C" � By: Z'Z� �
Charles E. Winkleblack, Member William K. Fedeler, Member
STATE OF IOWA, STORY COUNTY, SS:
This instrument was acknowledged before me on this S n day of March,2009,by Charles E.
Winkleblack and William K. Fedeler as the Members of C &B Lincoln Way, L.L.C.
Notary Public in and for the State of Io
BRIAN TORRESI
I COMMISSIOPIRES N
�NO.
77442380
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