HomeMy WebLinkAboutA013 - Agreement for Public Improvements dated December 2, 2016 i
0o n A Instrument:2016- 170013026
QQte:dec 28,21316 63:1�:5¢p D fie- Fee, 15.C+0 E-Cam Fee.
Aud Fee: - i.1)+1
.+1li Trans Tnsi: ,►0
Re: hianosement Fie:
hlon-�tnnderd N, Fee: 1,00
Filed for record in Story County, IowaE~ Stacie L. Herridser Counts Recorder
�� o
—w...
TCh W
P�N
d N
yN
W
Document: Agreement for Public Improvements
Prepared by and Return to:
Seth D. Dodge
Hastings, Gartin and Boettger, 409 Duff Ave., Ames, Iowa, 50010
Legal Description:
South Fork Subdivision,Ninth Addition, Aires, Story County, Iowa.
Grantors: Grantees:
Pinnacle Properties Ames, LLC .City of Ames, Iowa
�T -
I
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement, made pursuant to Section 23.304, Ames
Municipal Code, are PINNACLE PROPERTIES AMES, LLC, hereinafter referred
to as "Owners", and the CITY OF AMES, IOWA, hereinafter referred to as "City".
. WHEREAS, the Owners are in the process of platting a subdivision of real
estate to be known as SOUTH FORK SUBDIVISION, NINTH ADDITION, Ames,
Story County, Iowa; and
WHEREAS, the Owners are required to construct certain improvements
and utilities within the real estate, as shown on the attached Exhibit A by not later
a than the date or dates shown on Exhibit A and, to pay reasonable engineering
and inspection fees therefor, all as part of the platting procedure of the City.
� 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 shown on Exhibit A, conditioned upon the
completion of the said improvements and utilities, by the said date, as required
by the City for said Subdivision, in accordance with plans and specifications on
file with the City's engineers and by this reference made a part of this agreement.
IT IS FURTHER AGREED that City reserves the right to construct said
.H improvements and utilities in the event Owners fail to do so as herein agreed,
and to cover the costs thereof with the surety bond, letter of credit or the certified
a check, as the case may be.
a IT IS FURTHER AGREED that upon satisfactory completion of the said
improvements and utilities, including the paying of reasonable engineering and
3 inspection fees therefor, the bond shall be released and the bondsman
N exonerated; the letter of credit released or the certified check shall be returned to
Owners, as the case may be.
d
DATED this ' day of 2016
c OWNERS CITY OF AMES, IOWA _
a
Pinnacle Properties Am s, LLC
p
a r n
By: By:
Keith Arneson, Manager �x
irector of PublicWorks
F
i f3
O
O
b
N
O
C7
CJ
PG
p
� 0
d ^
CITY OF AMES,IOWA
PINNACLE PROPERTY AMES,LLC.-SOUTH FORK'9TH ADDITION
H:\PINNP\A13112174\3_Desi n\A_Calculations\[OPC-5F 9TH-LETTER OF CREDIT.xls]OPC 9-Dec-16
OPINION OF PROBABLE COST- PARTIAL
ITEM NO ITEM UNIT TOTAL UNIT PRICE TOTAL
REMAINING"ITEMS
1 STREET TREES EA 16' $ 350.00 $ 5,606,00
2" HMA PAVEMENT,:SUFRACECOURSEONLY' Sy 1032 $ '10.75. $" 11,094.00,
3 MANHOLENALVEADJUSTMENTS EA 3' $ 1,060.00 $ 3,000.06
4_ SIDEWALK,4"PCC" SY S00 $ 34.50 $ 17,250.00
5 STREET LIGHTING LS 1 $ 2,500.00 S 2,500.00
6 COSESCO SECURITY AC 1.55 S 500.00 $ 775.00
SUBTOTAL: $40,219.00
3