HomeMy WebLinkAboutA008 - Agreement for Public Improvements dated May 25, 2012 I Instrument:2012- 00008000
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Filed for record in Story County, Iowa
Susan L. Vande Kamp? County Recorder
S P A C E A B O V E R E S E R V E D F O R O F F I C I A L U S E
Return document to: David W.Benson,1416 Buckeye Ave.Ste.200,Ames,IA50010
Document prepared by: David W.Benson,Attomey at law,1416 Buckeye Ave.Ste.200,Ames,IA 50010—515-956-3900
AGREEMENT FOR PUBLIC EUPROVEMIENTS
The parties to this Agreement are UTHE DEVELOPMENT COMPANY, L.L.C. (the
"Owners") and the CITY OF AMES,IOWA(the"Ciff
WHEREAS, the Owners are in the process of platting real estate to be known as
NORTE RMGE HEIGHTS SUBDIVISION FIFTEENTH ADDITION, AMES, STORY
COUNTY,IOWA; and
WHEREAS, the Owners are required to construct certain improvements and utilities
within the real estate, to-wit: street lights, erosion controls, and asphalt roadway surfaces, by no
later than tha5 day of 201a and, to pay reasonable engineering and inspection
fees therefore, all as.part of the plI tting 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$61,000.00 conditioned upon the completion of the improvements and utilities 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.
2
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 day of May,2012.
UTHE DEVELOPMENT COMPANY,L.L.C.
By:
Charles inkleblack, Manager
By: i--
Dea n E. Hunziker,Manager
STATE OF IOWA,COUNTY OF STORY,SS.:
This instrument was acknowledged before me on May ,2012,by Charles E.Winkleblack,
and Dean E.Hunziker,as managers of Uthe Development Company,L.L.C.
DUL%ME SUNTKEN
C nx*Ww Number 747650
MY missio NOTARY PUBLIC
CITY OF AMES,IOWA
BY
J Joiner, Director of Public Works
STATE OF IOWA,COUNTY OF STORY,SS.:
This instrument was acknowledged before me on WV ,2012,by John Joiner,as
Director of Public Works for the City of Ames,Iowa."IA.BURTON / J
Number 742780 OTARY PLJLIC
t.°y C. mission Expires 77