HomeMy WebLinkAboutA008 - Agreement for Public Improvements dated October 10, 2016 - � A
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Instrument:2016- 00011720
� fl Date:hiov 22P2016 10:20:25A
4�� D Rec Fee: 15-00 E-Com Fee: 1.00
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G Aud Fee: .00 Trans Tax: .00
J Rec 1lanasement Fee: 1.00
O Hon-Standard Fuse Fee: n00
Filed for record in Storg Countye Iowa
Stacie L. Herridaee Counts Recorder
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INSTRUMENT PREPARED BY: Brian D.Torresi,2605 Northridge Pkwy., Ste. 101,Ames,IA 50010 (515)288-2500
RETURN To: 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
WHEREAS,the Owner is in the process of platting real estate to be known as HAYDEN'S
CROSSING 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),water main,storm sewer,streets,sidewalks,shared
use path, street trees, street lights, and Hyde Avenue turn lane.
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 Five
Hundred Fifty-Seven Thousand Six Hundred Forty dollars and 501100 ($557,640.50) conditioned
upon the completion of the improvements and utilities as required by the City for said subdivision on
or before the day of �°G• , 2010T
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 D��/✓'e�— , 2016.
(SIGNATURE PAGE FOLLOWS)
SIGNATURE PAGE OF
AGREEMENT FOR PUBLIC IMPROVEMENTS
HAYDEN'S CROSSING SUBDIVISION SECOND ADDITION
AMES, STORY COUNTY,IOWA
HUNZIIKER DEVELOPMENT COMPANY,LLC
By:
Robert W. Shirk, anager
By: Oil �Uuluc�
Charles E. Winkleblack,Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this y of z� 2016, by
Robert W.Shirk and Charles E.Winkleblack,as the Managers of Hunziker Development Company,
LLC.
JENNIFER KAPAUN
g commission Number 783061 Notary is in an for the State of Iowa
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CITY OF AMES,IOWA
By
-Jo r.Jo�ner
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