HomeMy WebLinkAboutA011 - Agreement for Public Improvements dated June 21, 2018 . T
g Instrument 4: 2018-06020
07/05/2018 03:25:44 PM Total Pages: 4
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Recording Fee: $ 22.00
G Stacie Herridge, Recorder , Story County Iowa
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ItiS'1'RIIMENT 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"CLq").
WHEREAS, the Owner is in the process of platting real estate to be known as QUARRY
ESTATES SUBDIVISION THIRD 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), sanitary sewer and manhole, water main, hydrant
assembly and relocation, pavement, sidewalks, storm sewer, storm water management, and
conservation management(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 letter of credit in the amount of TWO HUNDRED SIX THOUSAND
THIRTY-FIVE DOLLARS and 00/100 ($206,035.00) conditioned upon the completion of the
Improvements as required by the City for said subdivision on or before the7b day of_TW/UJ ,
2(0,,_I.
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. T
Dated this�day of June, 2018.
(SIGNATURE PAGE FOLLOWS)
SIGNATURE PAGE OF
AGREEMENT FOR PUBLIC IMPROVEMENTS
THE QUARRY ESTATES,L.L.C.
By:
Kurt W. Friedrich, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this day of June, 2018, by Kurt W.
Friedrich, as a Manager of The Quarry Estates, L.L.C.
Notary Public i and for the State of Iowa
=~�P NANCY BAERENWALD My commission expires
COMMISSION NO. 766680
h1Y COMMISSION EXPIRES
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CITY OF AMES,IOWA
By. ` L
J n Joiner
Director of Public Works
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Quarry Estates Subdivision -3rd Addition
Ames, IA XFOX P/ 5343 18AZFO_1gineering
6/19/2018
Bond Calculations
Public Improvements
Item Unit Estimated Estimated Improvement Costs
Quantity Unit Cost Remaining
COSESCO AC 15 $ 500.00 $ 7,500.00
Sanitary Sewer Gravity Main,Trenched,8" LF 623 $ 50.00 $ 31,150.00
Sanitary Manhole,SW-301,48" EA 2 $ 4,000.00 $ 8,000.00
Water Main,Trenched,8" LF 1465 $ 30.00 $ 43,950.00
Fitting, M.J.45 Degree Bend,8" EA 7 $ 800.00 $ 5,600.00
Fitting, M.J. Reducer, 12"x8" EA 1 $ 800.00 $ 800.00
Fitting, M.J.Tee,8" EA 1 $ 800.00 $ 800.00
Sleeve, M.J.,8" EA 1 $ 600.00 $ 600.00
Valve,M.J. Gate,8" EA 2 $ 1,400.00 $ 2,800.00
Fire Hydrant Assembly(includes 8"x8"x6"M.J.Tee,6" EA 3 $ 4,500.00 $ 13,500.00
M.J. Gate Valve,6"Pipe,and Hydrant
Fire Hydrant Relocation(Temporary to New Fire EA 2 $ 3,000.00 $ 6,000.00
Hydrant Assembly)
Fire Hydrant Assembly(Temporary) EA 1 $ 2,500.00 $ 2,500.00
Sidewalk Pavement,4" SY 1186 $ 30.00 $ 35,580.00
Total $ 158,780.00
Storm Water Management
Item Unit Estimated Estimated Improvement Costs
Quantity Unit Cost Remaining
Storm Sewer,Trenched, RCP Class III,36" LF 33 $ 85.00 $ 2,805.00
Pipe Apron,RCP,36" EA 1 $ 3,200.00 $ 3,200.00
Open-Sided Area Intake,SW-513 EA 1 $ 4,200.00 $ 4,200.00
Excavation and Embankment CY 370 $ 10.00 $ 3,700.00
Rip Rap,Class D TON 30 $ 50.00 $ 1,500.00
Total $ 15,405.00
Conservation Management
Item Unit Estimated Estimated Improvement Costs
Quantity Unit Cost Remaining
Outlot D Landscaping-Native Seeding AC 6.5 $ 2,500.00 $ 16,250.00
Outlot D Landscaping-Trees EA 16 $ 300.00 $ 4,800.00
Conservation Area Maintenance AC 7.2 $ 1,500.00 $ 10,800.00
Total $ 31,850.00
Prepared by FOX Engineering Associates,Inc.
414 S.17th Street,Suite 107
Ames,Iowa 50010 EXHIBIT
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