HomeMy WebLinkAboutA011 - Agreement for Public Improvements dated July 28, 2017 Instrument 0: 2017-10699
10/19/2017 02:57:56 PM Total Pages: 4
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o Recording Fee: $ 22.00
rn Stacie Herridge, Recorder, Story County Iowa
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INSTRUMENT PREPARED BY: Brian D.Torresi,2605 Northridge Pkwy.,Ames,IA 50010(515)288-2500
RETURN To: Brian D.Torresi,2605 Northridge Pkwy.,Ames,IA 50010
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement for Public Improvements are THE QUARRY ESTATES,
L.L.C. (the"Owner") and the CITY OF AMES, IOWA(the
WHEREAS, the Owner is in the process of platting real estate to be known as QUARRY
ESTATES SUBDIVISION SECOND ADDITION,AMES, STORY COUNTY, IOWA; and
WHEREAS,the Owner is required to construct certain improvements and utilities within the
real estate,to-wit: erosion control(COSESCO),electric(street lights),street asphalt surface,minor
utility adjustments, stormwater management, and sidewalk pavement (collectively, the
"Improvements")(a breakdown of the estimated cost of completion of each of the Improvements is
attached hereto as Exhibit A and incorporated herein by this reference as if fully set forth).
NOW, THEREFORE, in consideration of the premises, it is,hereby agreed that the Owner
shall deposit with the City a surety bond, letter of credit, or certified check in the amount of ONE
HUNDRED SIXTEEN THOUSAND SEVEN HUNDRED SEVENTY-NINE DOLLARS and
00/100($116,779.00)conditioned upon the completion of the Improvements as required by the City
for said subdivision on or before the(0 day of , 2W.
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IT IS FURTHER AGREED that City reserves the right to construct said Improvements in the
event Owner fails to do so as herein agreed, and to cover the costs thereof with the letter of credit.
IT IS FURTHER AGREED that upon satisfactory completion of the said Improvements,
including the paying of reasonable engineering and inspection fees therefore,the letter of credit shall
be released.Dated this p(�j
0 day of July, 2017.
(SIGNATURE PAGE FOLLOWS)
SIGNATURE PAGE OF
AGREEMENT FOR PUBLIC IMPROVEMENTS
THE QUARRY ESTATES,L.L.C.
By:_ zizz
Kurt W. Friedrich,Manager
By:
Richard J.;?111nX, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this 20 day of July, 2017, by Kurt W.
Friedrich, as a Manager of The Quarry Estates, L.L.C.
E
AANCY BAERENWALD
OMMISSION NO. XPIRES Notary Public ' and for the Stateof Iowa
�IY COMMISSION EXPIRES
— o My commission expires —a_q—OLD
STATE OF IOWA, STORY COUNTY, SS: C
This record was acknowledged before me on this2 day of July, 2017, by Richard J.
Johansen, as a Manager of The Quarry Estates, L.L.C.
Notary Public in 41d for the State of Iowa
My commission expires
-CITY OF AMES,IOWA-
M
NANCY BAERENWALD
COMMISSION N0. 766680
MY COMMISSION EXPIRES
BY'
John Joiner .� A'
Director of Public Works
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Quarry Estates Subdivision - 2nd Addition
Ames, IA FOX
engineering
Public Improvements - Bond Calculation
7/25117
FOX P/N 5343-16A
Item Improvement
Costs Remaining
COSESCO $ 4,000.00
Electric (Street Lights) $ 27,500.00
Storm Water Management (56 improvements) $ 5,000.00
Street Asphalt Surface $ 47,078.00
Sidewalk Pavement, 4" $ 25,701.00
Minor Utility Adjustments $ 7,500.00
Total $ 116,779.00
Prepared by FOX Engineering&Associates,Inc.
414 S.17th Street
Ames,Iowa 50010
EXHIBIT
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