HomeMy WebLinkAboutA004 - Agreement for construction of curb and gutter, storm sewers, sanitary sewer, street signs, street lights and street surfacing i •
AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
This Agreement, made and entered into this 5th day of
May J. 1964, between Erben A. Hunziker and Donald M. Furman,
of Ames, Story County, Iowa, hereinafter referred to as "First
Parties", and the City of Ames, Iowa, hereinafter referred to as
"Second Party" , WITNESSETH:
WHEREAS, the First Parties are in the process of platting
a subdivision to Ames, Iowa, to beknown as Bel-Air Seventh Addition
to the City of Ames, Iowa, and located within the territorial
boundaries of the City of Ames, Iowa, and
W.1]EREAS, the First Parties are required to complete
construction of concrete curb and gutter, storm sewers, sanitary
sewer, street signs, street lights and street surfacing within said
Subdivision, and to pay reasonable engineering and inspection fees
therefor, all as part of the platting procedure, and in compliance
with platting ordinances of the City of Ames, Iowa;
NOW, THEREFORE, in consideration of the premises, it is
hereby agreed that First Parties shall deposit with the
eeSeSecond Part
a surety bond or a certified check in the amount of $��� fiCIO
conditional upon the completion of said improvements.
It is agreed that the said improvements must be completed
within one year from and after the date of final approval of Bel-Ai
Seventh Addition to the City of Ames, Iowa, and that said improve-
ments shall be constructed to meet the approval of the Second Party,
acting through the City Engineer' s office.
It is further agreed that the Second Party reserves the
right to complete the said improvements, in the event First Parties
fail to do so, as herein agreed, and to cover the costs thereof with
the surety bond or the certified check, as the case may be.
It is further agreed that upon the satisfactory completion
HEGLAND&NEWBROUGH of the said improvements, including the paying of a reasonable
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engineering and inspection fee therefor, the bond shall be released
and the bondsman exonerated, or the certified check shall be returned
to First Parties, as the case may be.
IN WITNESS WHEREOF, we have hereunto signed our names
this 5th day of May 1964.
Erb n A. Hunziker
Donald M. Furman
FIRST PARTIES
CITY CF AMES, IGKA
By
SECOND PARTY
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HEGLAND&NEWBROUGH
AMES.IOWA