HomeMy WebLinkAboutA002 - Agreement for Public Improvements 0-
Instrument:2014- 00010775
s M Date:Der 04,2014 03:130:25P
w D RPM_ Fee: 10.00 E-Coro fee: 1.00
v, gg Aud Fee: .00 Trans Tax: .00
Q 4 Rec Management Fee: 1.00
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@ s Filed for record in Story County, Iowa
Susan L. Vande Y,ama, County Recorder
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INSTRUMENT PREPARED BY: Brian D.Torresi,2605 Northrid e 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 for Public Improvements are HUNZIKER DEVELOPMENT
COMPANY, LLC (the"Owner") and the CITY OF AMES, IOWA (the"City").
WHEREAS, the Owner is in the process of platting real estate to be known as SCENIC
VALLEY SUBDIVISION FIRST 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 (COSESCO), street, curb and gutter,utilities,pedestrian ramps,
and landscaping.
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 one
million three hundred six thousand eight hundred eighty-two dollars and 00/100 ($1,306,882.00)
conditioned upon the completion of the improvements and utilities as required by the City for said
subdivision on or before the 28 day of October , 201 h
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.
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 Oday of September, 2014.
HUNZIKER DEVELOPMENT COMPANY,L.L.C.
By:
Dean/E. Hunziker, Mana r
By: aj" E (j"jW--—
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this,�5day of September, 2014,by Dean E.
Hunziker and Charles E.Winkleblack, as the Managers of Hunziker Development Company,LLC.
JENNIFER KAPAUN
Commisson Number 783061 Not bli and f the State of Iowa
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CITY OF AMES,IOWA
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dhn Joiner
Director of Public Works