HomeMy WebLinkAboutA007 - Agreement for Public Improvements dated October 11, 2016 'A
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NT 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, 1A 50010
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement for Public Improvements are HUNZIKER DEVELOPMENT
COMPANY, LLC ("HDC") and HU`NZfKER, CHRISTY, SHIRK BUILDERS, INC. ("HCS")
(HDC and HCS are hereinafter collectively referred to as the"Owners")and the CITY OF AMES,
IOWA (the"City").
WHEREAS, the Owners are in the process of platting real estate to be known as SCENIC
POINT SUBDIVISION FIRST ADDITION,AMES, STORY COUNTY,IOWA; and
WHEREAS,the Owners are required to construct certain improvements and utilities within
the real estate, to-wit: erosion control (COSESCO), water main, and storm sewer(pond).
NOW, THEREFORE, in consideration of the premises, it is hereby agreed that the Owners
shall deposit with the City a surety bond,letter of credit,or certified check in the amount of FIFTY-
NINE THOUSAND SEVEN HUNDRED FIFTY-SIX DOLLARS and 00/100 ($59,756.00)
conditioned upon the completion of the improvements and utilities as required by the City for said
subdivision on or before the 11 day of OC4&Y r� 20 It
IT IS FURTHER AGREED that City reserves the right to construct said improvements and
utilities in the event Owners fail 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 Z3� day of August, 2016.
(SIGNATURE PAGE FOLLOWS)
HUNZIKER DEVELOPMENT COMPANY, LLC
By: �,
Robert W. shirk, Manager
By: ('�a �-7 &J,
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this da �of August, 2016, b Robert W.
g � Y g � Y
Shirk and Charles E. Winkleblack, as the Managers of Hunziker Development Company, LLC.
+r, JENNIFER KAPAUN
Commission Number 783061
aW'
My Com iss on Expires N to is in Ad for the State of Iowa
My commission expires
HUNZIKER, CHRISTY, SHIRK BUILDERS,INC.
By: a4 '(�:
Charles E. Winkleblack, Vice President
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on thisWayfAugust, 2016, by Charles E.
Winkleblack, as the Vice President of Hunziker, Christy, Shirk Builders, Inc.
Z JENNIFER KAPAUN
_ �Commission Number 783061
My io fires Not r is In d for the State of Iowa
ov, My commission expires i
CITY OF AMES,IOWA
By: N ,
John Joiner ('ry,,C�� �I�,r 7oh►► f
Director of Public Works
3