HomeMy WebLinkAboutA008 - Agreement for Public Improvements RETURN TO:
GENE DREYER
BOLTON & MENK, INC.
2730 FORD ST.
AMES, IOWA 50010
/I Instrument:2014- 00001469
,It`' Date:Feb 28t2014 09:02:11A
D Rec Fee: 10.00 E-Coax Fee: 1.00
G/ Aud Fee: .00 Trans Tax: .00
ff Rec Manaserent Fee: 1.00
Non-Standard Pase Fee: .00
Filed for record in Story Countyr Iowa
Susan L. Vande Kamp? County Recorder
DO NOT WRITE IN THE SPACE ABOVE THIS LINE,RESERVED FOR RECORDER
'— Prepared by:Pastor Randy Abell,Heartland Baptist Church,3504 Grand Avenue,Ames,1A 50010-4127
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement, made pursuant to Section 23.304, Ames Municipal Code,
are Heartland Baptist Church, 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 Baptist Acres Subdivision,Ames, Story County,Iowa; and
WHEREAS, the Owners are required to construct certain improvements and utilities
within the real estate, to wit: Stange Road widening and sanitary sewer as shown on approved
preliminary plat (attached Exhibit A), by not later than two years after City Council acceptance
of Final Plat and, to pay reasonable engineering and inspection fees thereof, 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$200,000 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.
9 _
DATED this �b day of �.
OWNE S CITY OF A S,IOWA
By: By:
�� irector of PVblic Works
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