HomeMy WebLinkAboutA008 - Agreement for Public Improvements dated September 6, 2016 A
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L Filed for record in Stors Counts, Iowa
zStacie L. Herrldse, Counts Recorder
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INSTRUMENT PREPARED BY: Brian D.Torresi,2605 Northridge Pkwy., Ste. 101, Ames, 1A 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"gly").
WHEREAS,the Owner is in the process of platting real estate to be known as VILLAGE
PARK SUBDIVISION,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,pedestrian ramps,streets,and shared use
path.
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 FOUR
HUNDRED SIXTY-ONE THOUSAND EIGHT HUNDRED SEVENTY-FOUR DOLLARS and
85/100($461,874.85)conditioned upon the completion ofthe improvements and utilities as required
by the City for said subdivision on or before the L day of 2019<�
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 l T day of September, 2016.
HUNZIKER DEVELOPMENT COMPANY, LLC
By: Aa
Robert W. Shirk, Manager
By: Q�ke U"t'j—
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this j�of September,2016,by Robert W.
Shirk and Charles E. Winkleblack, as Managers of Hunziker Development Company, LLC.
�. JENNIFER KAPAUN
Commission Number 783061
My Comm ion Expires No an for the Sta of owa
My commis ' n expires i
CITY OF AMES, IOWA
By:
J n Joiner
Director of Pub�ic Works