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HomeMy WebLinkAboutA009 - Agreement for Public Improvements ✓ Instrument:2114- 0 404E993 — � !1 Date:Sea 20►2010 12:40:27P 0 p Rec Fee: 10.00 E-Cor Fee: 3.00 Aud Fee: .00 Trans Tax: •00 RP_c Management Fee: 1.00 Hon-Standard Page Fee: •00 Filed for record in Story County+ Iowa Susan L. Vande Karar County Recorder INSTRUMENT PREPARED BY: David W.Benson, 1416 Buckeye Ave.,Ste.200,Ames,IA 50010(515)956-3900 RETURN To: David W.Benson, 1416 Buckeye Ave., Ste.200,Ames,IA 50010 515)956-3900 AGREEMENT FOR PUBLIC IMPROVEMENTS The parties to this Agreement are HUNZIKER LAND DEVELOPMENT COMPANY,L.L. C. (the"Owners") and the CITY OF AMES, IOWA(the WHEREAS,the Owners are in the process of platting real estate to be known as SUNSET RIDGE SUBDIVISION FOURTH ADDITION,AMES, STORY COUNTY,IOWA; and WHEREAS,the Owners are required to construct certain improvements and utilities within the real estate,to-wit: paving, erosion control and street lighting. 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 $171,450.00 conditioned upon the completion of the improvements and utilities as required by the City for said subdivision on or before they day of �U ( 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 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 therefore,the letter of credit shall be released. Dated this 23�day of August, 2010. HUNZIKER LAND DEVELOPMENT COMPANY,L.L.C. By: bLA4x/— Charlc,,%I. Winklebl k, Manager By: D an .-Hunziker, Mana r STATE OF IOWA, STORY COUNTY, SS: This instrument was acknowledged before me on this"'6day of August,2010,by Charles E. Winkleblack and Dean E.Hunziker as Managers of Hunziker Land Development Company,L.L.C. -- —A�n(F DIANNE SUNTKEN xst./ I Oommiesion Number 747650 MY �., ' Notary Public in and for the State ofwa� 7 t CITY OF AMES,IOWA Z' By4Dire ctor of Public Works 411 STATE OF IOWA, STORY COUNTY, SS: This instrument was acknowledged before me on this 1 day of Se , 2010, by John Joiner as Director of Public Works for the City of Ames, Iowa. Notary Public in and for the State of Iowa 9lovi6 pE R.VOSS134019 COMMISSION#MYOMM©1 NEXPiREES �q, 2