HomeMy WebLinkAboutA018 - Agreement for Public Improvements 1
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Instruaent:2013- 00010489
o M Date:Aus 28r2013 11:16:21A
6 D Rec Fee: 10.00 E-Cor Fee: 1.00
6 Aud Fee: Trans Tax:
.00
F Rec 19ana9erent Fee:
1.00
e Cn Non-Standard Page Fee: .00
Y o Filed for record in Story County: Iowa
a° z Susan L. Vande Yasp► County Recorder
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INSTRUMENT PREPARED BY: Brian D.Torresi,2605 Northridge Pkwy.,Ste. 101,Ames,IA 50010(515)288-2500
RETURN To: Brian D.Torresi,2605 Northridge Pkwy.,Ste. 101,Ames,IA 50010
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement are HEARTLAND DEVELOPMENT,LLC(the"Owner")and
the CITY OF AMES, IOWA(the"fit ').
WHEREAS,the Owner is in the process of platting real estate to be known as SOMERSET
SUBDIVISION TWENTY-FIFTH ADDITION,AMES, STORY COUNTY, IOWA; and
WHEREAS,the Owner is required to construct certain improvements and utilities within the
real estate,to-wit: grading,surface paving,erosion control,and installation of water,sanitary sewer,
and storm sewer.
NOW, THEREFORE, in consideration of the premises, it is hereby agreed that the Owner
shall deposit with the City a surety bond, letter of credit, or certified check in the amount of
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$ r- 0 • conditioned upon the completion of the improvements and utilities as required by
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the City for said subdivision on or before the day of , 2014.
IT IS FURTHER AGREED that City reserves the right to construct said improvements and
utilities in the event Owner fails to do so as herein agreed, and to cover the costs thereof with the
letter of credit.
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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 V day of June, 2013.
HEARTLAND DEVELOPMENT,LLC
By: �-
W.- riedrich, anager
By:
R=10WA,
ansen, Manager
STATETORY COUNTY, SS:
This record was acknowledged before me on this}A_ day of June, 2013, by Kurt W.
Friedrich and Richard J. Johansen, as the Managers of Heartland Development, LLC.
O`"L BRIAN TORRESI
COMMISSION NO.742380 Notary Public in and for the State of Iowa
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CITY OF AMES, IOWA
By: --
hn Joiner
Director of Public Works
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