HomeMy WebLinkAboutA003 - Agreement for Public Improvements dated December 2, 2016 Instruffient.2016- 01i1-11303il
Date:De,, 28,2016 i.+46•
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Filed for record in Story County,,pIowa
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Stacie L° Herridge► County Recorder
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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:
Crane Farm Subdivision, Second Addition, Ames, Story County, Iowa.
Grantors: Grantees:
Pinnacle Properties Ames, LLC City of Ames, Iowa
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 CRANE FARM SUBDIVISION, SECOND ADDITION,
Ames, Story County, Iowa; and
WHEREAS, the Owners are required to construct certain improvements
a and utilities within the real estate, as shown on the attached Exhibit A by not later
than the date or dates shown on Exhibit A and, to pay reasonable engineering
4-4 and inspection fees therefor, all as part of the platting procedure of the City.
4-4
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
4j 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.
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'W IT IS FURTHER AGREED that City reserves the right to construct said
o improvements and utilities in the event Owners fail to do so as herein agreed,
a and to cover the costs thereof with the surety bond, letter of credit or the certified
acheck, as the case may be.
3 IT IS FURTHER AGREED that upon satisfactory completion of the said
N improvements and utilities, including the paying of reasonable engineering and
inspection fees therefor, the bond shall be released and the bondsman
a exonerated, the letter of credit released or the certified check shall be returned to
.� Owners, as the case may be.
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a DATED this �2— day of , 2016
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a OWNERS CITY OF AMES, IOWA
Pinnacle Prop ies A e , LLC
By: By:
Keith Arneson, Manager4
Director of-Public,Works " `~
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CITY OF AMES, IOWA
PINNACLE PROPERTY AMES, LLC.-CRANE FARM 2ND ADDITION
H:\PINNP\A13.110733\3_Design\A_Calculations\[OPC-CF 2N D-LETTER OF CREDIT.xIs]OPC 7-Dec-16
OPWON OF PROBABLE COST- PARTIAL
ITEM NO ITEM UNIT TOTAL UNIT PRICE TOTAL
REMAINING ITEMS
1 STREET TREES EA 20 $ 350.00 $ 7,000.00
2 HMA PAVEMENT,SUFRACE COURSE ONLY SY 3238 $ 9.70 $ 31,408.60
3 MANHOLE ADJUSTMENTS EA 4 $ 875.00 $ 3,500.00
4 SIDEWALK,4"PCC SY 1460 $ 34.50 $ 50,370.00
5 COSESCO SECURITY AC 8 $ 500.00 $ 4,000.00
SUBTOTAL: $96,278.60
EXHIBIT A for Public Improvement Agmt Crane Farm Subdiv 2' Addition
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