HomeMy WebLinkAboutA008 - Agreement for Public Improvements o�
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o Instrument:2015- 00004008
M Date:hay 1272015 02:51:39F
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Filed for record in Story Countyr Iowa
o z Stacie L. Herridser County Recorder
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INSTRUMENT PREPARED BY: Brian D.Torresi,2605 Northridge Ilk ., 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 HUNZIKER LAND DEVELOPMENT COMPANY,
L.L.C. (the"Owner") and the CITY OF AMES, IOWA (the "Cif").
WHEREAS, the Owner is in the process of platting real estate to be known as SUNSET
RIDGE SUBDIVISION SIXTH 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, storm sewer, sanitary sewer, and other street
improvements.
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 three
hundred sixty-five thousand thirty-one dollars and 00/100 ($365,031.00) conditioned upon the
completion of the improvements and utilities as required by the City for said subdivision on or before
the28thiay of April , 2017
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.
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Dated this— day of March, 2015.
HUNZIKER LAND DEVELOPMENT COMPANY,L.L.C.
By: "Hunziker,
De
By:
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this ��*da—yof March, 2015, by Dean E.
Hunziker and Charles E. Winkleblack, as the Managers of Hunziker Land Development Company,
L.L.C.
JENNIFER KAPAUN
S ansion Number 733ml — J_
My
ow Notary P b ' i fo the State off(Iowa
My commission expires
CITY OF AMES,IOWA
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John Joiner ('j,rS�L L.Je,�N u a►�
Director of Public Works fr