HomeMy WebLinkAboutA013 - Agreement for Public Improvements dated April 20, 2017 DO NOT WRITE IN THE SPACE ABOVE THIS LUM RESERVED FOR RECORDER
Retum to Preyarer. Lisa R.Wilson,475 Alice's Road,Suite A,Waukee,Iowa 50263 (515)369-2502
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement, made pursuant to Section 23.304, Ames Municipal Code,
are TIE IRONS,L.L.C.,an Iowa limited liability company,hereinafter referred to as "Owners",
STORY COUNTY,IOWA,hereinafter referred to as"County"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 The Irons Subdivision, Story County,Iowa,and
WHEREAS, the Owners are required to construct certain 'improvements and utilities
within the real estate,to wit: See Exhibit A,by not later than April 25,2020 and,to pay reasonable
engineering and inspection fe6s therefor, all as part of the platting procedure of the City and the
County.
NOW, THEREFORE, in consideration of the premises, it is hereby agreed that the
Owners shall deposit with the City or County a surety bond, letter of credit or certified check in
the amount of $352,567.10 conditioned upon the completion of the said improvements and
utilities, by the said date, as required by the City or County for said Subdivision, in accordance
with plans and specifications on file with the City's or County's engineers and by this reference
made a part of this agreement.
IT IS FURTHER AGREED that City and the County reserve 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 surety bond,letter of credit or the certified check,as the case may be.
IT IS FURTHER AGREED that upon satisfactory completion of the said improvements
and utilities,including the paying of reasonable engineering and inspection fees therefor,the bond
shall be released and the bondsman exonerated,the letter of credit released or the certified check
shall be returned to Owners, as the case may be.
DATED this. day of In 2017.
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THE IRON L.L.C. CITY OF AMES,IOWA
By: By:
Christopher Gar anager Director of Public Works
STORY COUNTY,IOWA
By: ( &In,'4t LV2��
Je L Moore, Planning and
evelopment Director
7
THE
IRONS
Remaining Public Improvments to be done 4.19.17:
Paving-Extreme Concrete: SY/QTY Price
4" PCC City Sidewalks 192 $ 48.00 $ 9,216.00
7" PCC Pavement 3330 $ 46.47 $ 154,745.10
5" PCC Shared Trail-10'wide 2818 $ 48.00 $ 135,264.00
6" PCC Sidewalk 15 $ 48.00 $ 720.00
Interior Sidewalks 676.5 $ 48.00 $ 32,472.00
COSECO 24.7 $ 500.00 $ 12,350.00
Utility Work-AK: Remaining Punch List $ 7,800.00
Storm Sewer 100%Complete
Items Remaining Once Concrete is poured:
Alliant Gas Services
Mid Land Power Electrical services and street lights
Cable/Telephone
Final re-spread of black dirt and seeding
Signage and Landscaping
Total Work Remaining: $ 352,567.10