HomeMy WebLinkAboutA005 - Agreement for Public Improvements dated August 22, 2017 4
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Return document to: Eric J.Eide,1416 Buckeye Ave.Ste.200,Ames,IA 50010
Document prepared by: Eric J.Eide,Attomey at law,1416 Buckeye Ave.Ste.200,Ames,IA 50010—515-956-3900
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement are D & R Furman, L.L.C., an Iowa member-
managed limited liability company, (the "Owner") and the CITY OF AMES, IOWA (the
WHEREAS, the Owner is in the process of platting real estate to be known as BIRCH
MEADOWS SUBDIVISION,FIRST ADDITION,AMES,STORY COUNTY,IOWA; and
WHEREAS, the Owner is required to construct certain improvements and utilities within
the real estate, to-wit: street lights, erosion controls, and asphalt roadway surfaces, by no later
than the ?1!�day of 100149�. 201q, and,to pay reasonable engineering and inspection
fees therefore, all as part of the platting procedure of the City. The estimated cost of the
remaining public improvements is$ 13,5 Q G-
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
$ IP
�g;�� r conditioned upon the completion of the improvements and utilities as .
required 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. The public
improvements left to be completed are as follows: street paving, erosion control, pedestrian
a
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ramps, manhole adjustments,
and street lighting. These public improvements shall be completed
no later than �G7 1 ,201 g.
IT IS FURTHER AGREED that City reserves the right to construct said improvements
and utilities in the event Owner fails 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 therefore, the
letter of credit shall be released.
Dated //`t"U y(/5 f Z Z ,2017.
D&R FURMAN,L.L.C.
BY: BY v'
Mary R. 'Fitch, as Co-Trustee of the Richard L. Fitch, as Co-Trustee of the
Richard and Mary Fitch Revocable Trust Richard and Mary Fitch Revocable Trust
u/d/o September 25, 1996,Member u/d/o September 25, 1996,Member
STATE OF IOWA,COUNTY OF STORY,SS.: v yS 2 Z
This instrument was acknowledged before me on , 2017, by Mary
R. Fitch and Richard L. Fitch, as Co-Trustees of the Richard and Mary Fitch Revocable Trust
u/d/o September 25, 1996,which trust is a member of D Furman,L.L.C.
DAVID W. BENSON OTARY PUBLIC
COMMISSION NO. 11112 33�
A
�ow� W WASWN O 0
3
D &R FURMAN L.L.C.
BY: � ice, . FtL-t-cj�
Mary R. Fit , as Trustee of the Ruth W.
Furman Revocable Trust,Member
STATE OF IOWA,COUNTY OF STORY,SS.:
This instrument was acknowledged before me on /4-t/ v.9 ZZ 2017, by Mary
R. Fitch, as Trustee of the Ruth W. Furman Revocable Trust, which trust is a member of D & R
Furman,L.L.C.
DAVID W.BENSON
COMMMM No.� '
NOTARY PUBLIC
APRIL 24 2020
CITY OF AMES,I, WA
BY:
JIn Joiner,Dire or of Public Works
STATE OF IOWA,COUNTY OF STORY,SS.: O 61
This instrument was acknowledged before me on , 2017,by John
Joiner, as Director of Public Works for the City of Ames,Iowa.
NOTARY PUBLIC
p Diane R. Voss
z � Commission Number 134019
* ,k tAy Commission Ex fires
100.