HomeMy WebLinkAboutA005 - Agreement for construction of sidewalks and grading and seeding of parking AGREEMENT
KNOW ALL MEN BY THESE PRESENTS:
This Agreement, made this 5th day of May 1964,
by and 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 be known as Bel-Air Seventh Addition
to the City of Ames, Iowa, and
WHEREAS, the First Parties are required to complete
construction of sidewalks and grading and seeding of parking within
said Subdivision, and to pay reasonable engineering and inspection
fees therefor, all as part of the platting procedure, and in com-
pliance with the platting ordinances of the City of Ames, Iowa;
NOW, THEREFORE, in consideration of the premises, it is
hereby agreed that the First Parties shall deposit with the Second
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Party a surety bond, or a certified check in the amount of
conditional upon the completion of said improvement.
It is agreed that the said improvement must be completed
with two yeas from and after the date of final approval of Bel-Air
Seventh Addition to the City of Ames, Iowa, and that said improveme is
shall be constructed to meet the approval of the Second Party, thro gh
the City Engineer' s Office.
It is further agreed that the Second Party reserves the
right to complete the said improvement 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
of the said improvement, including the paying of a reasonable
engineering and inspection fee therefor, the bond shall be released
'HEGLAND&NEWBROUGH
AMES,IOWA
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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 51h day of May 1964.
Erben A. Hunziker
Donald M. Furman
FIRST PARTIES
CITY OF AMES, IOWA
By
SECOND PARTY
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HEGLAND&NEWBROUGH
AMES,IOWA