HomeMy WebLinkAboutA012 - Agreement for Public Improvements i^
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S I / Instrument:2014- 00002754
c Date:Apr 17►2014 02:52:18P
D Rer Fee: 10.00 E-Com Fee: 1.00
Aud Fee: .00 Trans Tax: .00
[= Rer Management Fee: 1.00
E b Non-Standard Page Fee: .01)
Filed for re, in Story County+ Iowa
N Susan L. Mande Kamor County Recorder
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INSTRUNIENTPREPARED BY: Brian D.Torresi,2605 Northridge Pkw ., Ste. 101,Ainey, 1_\50010(515)288-2500
RETURN To: I Brian D.Torresi,2605 Northridge Pkwy.,Ste. 101,Ames,IA 50010
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement are HUNZIKER LAND DEVELOPMENT COMPANY,
L.L.C. (the"Owner") and the CITY OF AMES, IOWA (the
WHEREAS, the Owner is in the process of platting real estate to be known as SUNSET
RIDGE SUBDIVISION FIFTH ADDITION,AMES, STORY COUNTY, IOWA; and
WHEREAS,the Owner is required to construct certain improvements and utilities within the
real estate,to-wit: erosion control, street lighting, curbs and ramps, and utilities.
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
$85,000.00 conditioned upon the completion of the improvements and utilities as required by the
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City for said subdivision on or before the 3 day of MUCcA\ , 2015.
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.
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Dated this 3 day of March, 2014.
HUNZIKER LAND DEVELOPMENT COMPANY, L.L.C.
By: r
Dea4 E. Hunziker, Manager
By: 01
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on thio4 day of March, 2014, by Dean E.
Hunziker and Charles E. Winkleblack, as the Managers of Uthe Develo ment ompany, L.L.C.
ary Publi in add for the State of Iowa
My commission expires
a JILL M.ANDERSON
CITY OF AMES, IOWA : Z C'O io Number 745875
Expires
By:
,Kohn Joiner
Director of Public Works
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