HomeMy WebLinkAboutA009 - Agreement for Public Improvements 1 '
0 c Instruvant:2015- 00010 19
v o H Date:Oct 21Y2015 (13:11:31F`
i�l^ p Rec Fee: 10.00 -Com Fee: 1.00
Aud Fee: .00 Irans Tax: .00
o Rec Management Fee: 1.00
Non-Standard Fa3e Fee: .00
Filed for record in Sto g County► Iowa
Stacie L. Nerrid3e► (: unb Recorder
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INSTRUMENT PREPARED BY: Brian D.Torresi,2605 Northridge Pkwy., Ste. 101,Ames,IA 50010(51 288-2500
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 UTHE 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
NORTHRIDGE HEIGHTS SUBDIVISION EIGHTEENTH 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), subgrade preparation, street, curb and gutter,
utilities, sidewalks, shared use path, and street lighting.
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 amoun of TWO
HUNDRED THIRTY-TWO THOUSAND TWO HUNDRED SEVENTY-SEVEN DOLLARS and
40/100($232,277.40)conditioned upon the completion of the improvements and utilities as required
by the City for said subdivision on or before the 1' day of OLtD !_ , 2011.
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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 improve nents and
utilities, including the paying of reasonable engineering and inspection fees therefore, tf e letter of
credit shall be released.
Dated this A ay of September, 2015.
UTHE DEVELOPMENT COMPANY, L.L.C.
By: ' l
DeA E. Hunziker, Manger
By: Oil(�
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this day f September, 2015,b Dean E.
Hunziker and Charles E. Winkleblack, as the Managers of Uthe Development Company, L.L.C.
JENNIFER KAPAUN
s S CommWsfon Number 783061
" `es No r
jAblic ' an or the State o Iowa
My commission expires
CITY OF AMES, IOWA
By:
J�on Joiner
Director of Public Works
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