HomeMy WebLinkAboutA010 - Agreement for Public Improvements dated April 18, 2016 b
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Instrument:2016- 00004118
c M Date:Mav 16,2016 0 :12:14P
0 Rey_ Fee: 151 00 E-Com Fee: i.00
G Nud Fee: .00 Trans Tax.: .00
H Re,_ Ma.na9emek Fee: 1.00
Hon-Standard Page Fee: ,iej
z Filed for record in Story County, Iowa
a w Stm_ie L. Herridse, 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 HUNZIKER LAND
DEVELOPMENT COMPANY,L.L.C.(the"Owner")and the CITY OF AMES,IOWA(the"gty").
WHEREAS,the Owner is in the process of platting real estate to be known as HAYDEN'S
CROSSING 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), sidewalks, street lights, surfacing, sump/water
services, detention basin subdrain and seeding, and shared-use paths/trails.
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
hundred seventy-eight thousand eight hundred eighty-one dollars and 00/100 ($178,881.00)
conditioned upon the completion of the improvements and utilities as required by the City for said
subdivision on or before the 11 day of kn !—, 2014.
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.
' V
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 released2day
Dated this of April, 2016.
(SIGNATURE PAGE FOLLOWS)
SIGNATURE PAGE OF
AGREEMENT FOR PUBLIC IMPROVEMENTS
HUNZIKER LAND DEVELOPMENT COMPANY, L.L.C.
By:
Dealf E. Hunziker, Ma ger
By: O� `. �-
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, SS:
7�This record was acknowledged before me on this day of April, 2016, by Dean E.
Hunziker and Charles E. Winkleblack, as the Managers of Hunziker Land Development Company,
L.L.C.
JENNIFER KAPAUN
= t Commission Number 783061
AW M� o mission Expires
Nota in and r the State of Iowa
My Comm' sion expires /
CITY OF AMES, IOWA
By: .
John Joiner (,'t���,� War T• .�a�l��-�
Director of Public Works Pw o1rc�.it t
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