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o Filed for record in Stora County, Iowa
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w tacie L. Herrid9e, County Recorder
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INSTRUMENT PREPARED BY: Brian D.Torresi,2605 Northridge Pkwy., Ste. 101,Ames,IA 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 for Public Improvements are THE QUARRY ESTATES,
L.L.C. (the"Owner") and the CITY OF AMES, IOWA (the "fit
WHEREAS, the Owner is in the process of platting real estate to be known as QUARRY
ESTATES 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), sanitary sewer, water main, storm sewer, streets,
pedestrian ramps, sidewalks, and shared-use paths.
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 SIX HUNDRED NINETY-EIGHT THOUSAND SEVEN HUNDRED SIXTY-ONE
DOLLARS and 80/100($1,698,761.80)conditioned upon the completion of the improvements and
utilities as required by the City for said subdivision on or before the A day of a C� ,201�.
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 day of ()C,�pbo� , 2015.
(SIGNATURE PAGE FOLLOWS)
SIGNATURE PAGE OF
AGREEMENT FOR PUBLIC IMPROVEMENTS
THE QUARRY ESTATES, L.L.C.
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By: �
urt W. Friedrich, Manager
By:
Richard J. en, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this day of October, 2015, by Kurt W.
Friedrich, as a Manager of The Quarry Estates, L.L.C.
BRIAN TORRESI
COMMISSION IvO. "1
MY COMMIs^. ' �---�
'0N1A �� Notary Public in and for the State of Iowa
My commission expires $/d ilrg
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this_?L day of October, 2015, by Richard J.
Johansen, as a Manager of The Quarry Estates, L.L.C.
BRIAN TORRESI
COMMISSION NO. 742380 Notary Public in and for the State of Iowa
pow" MYcoMyls /- r -.; My commission expires $/a/I/
CITY OF AMES, IOWA
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Joiner
ector of Public Works
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