HomeMy WebLinkAboutA006 - Agreement for Public Improvements date February 10, 2010 a
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� j Instrument:2010- 00008599
9 M Qate:Sea 0972010 01:51:24F
0 Rey_ Fee: 10.00 E-Com Fee: 3.00
G Aud Fee: .00 Trans Tax: .00
Rec Hanasement Fee: 1.00
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Filed for record in Story County? Iowa
p.� k; Susan L. Vande Kama? County Recorder
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AGREEMENT FOR PUBLIC IMPROVEMENTS
PREPARER
INFORMATION: Clifford Swartz, Attorney at Law, 6701 Westown Parkway, Ste. 100,
West Des Moines, Iowa 50266 (515) 274-1450
Br t -t C;er)4 rl)Bowers,Swar+2*- L:ev i s IA4
RETURN TO: Clifford Stwartz, Attorney at Law, 6701 Westown Parkway, Ste. 100,
West Des Moines, Iowa 50266
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LEGAL s—
DESCRIPTION: Airport Business Park, an Official Plat, now included in and forming
a part of the City of Ames, Story County, Iowa.
STORY COUNTY RECORDER
Grantor: Kellie M Markey Revocable Trust
City of Ames, Iowa
Grantee: Kellie M Markey Revocable Trust
City of Ames, Iowa
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AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement, made pursuant to Section 23.304, Ames Municipal Code,
are THE KELLIE M. MARKEY REVOCABLE TRUST, 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 AIRPORT BUSINESS PARK,Ames, Story County,Iowa; and
WHEREAS, the Owners are required to construct certain improvements and utilities
within the real estate, to wit: three phase electric service and street lighting, by not later than
Am 2 4, 7,01 Z and, to pay reasonable engineering and inspection fees therefor, all as part of
the platting procedure 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$ 15,000 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 upon satisfactory completion of the said improvements
and utilities, including the paying of reasonable engineering and inspection fees therefor, 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 16 day of F f-j-, ,-Lot a
OWNERS CITY OF AMES,IOWA
KELLIE M. MARKEY REVOCABLE TRUST
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Kellie M. Markey, IAstee
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Director of Public
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STATE OF IOWA
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COUNTY OF DALLAS
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This instrument was acknowledged before me on the day of
2010, by Kellie M. Markey. -a
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Notary V49lic in and for the State of ? •• '
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