HomeMy WebLinkAboutA010 - Agreement for Public Improvements dated May 23, 2016 �a
`� ✓�2' Instrument:20IL- i 0006329
14 Date:.iul i1711016 112:41,3AP
D Rec Fee: 10.00 E-C:om Fee: 1.00
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Mon-Standard Page Fee: .00
Filed for record in Story County, Iowa
E V, Stacie E. Herridge, 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 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 SECOND 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), asphalt surfacing, utility adjustments, sidewalks,
pedestrian ramps, and street lights.
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 FORTY-
FOUR THOUSAND EIGHT HUNDRED FIFTY-SEVEN DOLLARS and 90/100 ($44,857.90)
conditioned upon the completion of the improvements and utilities as required by the City for said
subdivision on or before the Q`b day of JLU�' , 201(1
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.
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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 WaofMay, 2016.
HUNZIKER DEVELOPMENT COMPANY,LLC
By:
DeA E. Hunziker, Manager
By: ' � vIJVe
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on thiday of May,2016,by Dean E.Hunziker
and Charles E. Winkleblack, as the Managers of Hunziker Development Company, LLC.
JENNIFER KAPAUN
I. Gbmmission Number 783061 N a u ' in an for the State of Iowa
My remission Expires
ow► My Comm sion expires
CITY OF AMES,IOWA
John Joiner
Director of Public Works
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