HomeMy WebLinkAboutA016 - Agreement for Public Improvements dated August 19, 2019, Instrument No. 2019-08745 �o
U o
0
w -
F { Instrument U: 2019-08745
t ✓ 09/19/2019 03:23:41 PM Total Pages: 4
G a, 00 OTHER
F b Recording Fee: It22.00
E m Stacie Herridge, Recorder, Story County Iowa
\W 2
N
a N
w
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"City").
WHEREAS, the Owner is in the process of platting real estate to be known as QUARRY
ESTATES SUBDIVISION FOURTH 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), street lights, subgrade preparation, pavement,
pedestrian ramps, street trees, 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 FOUR HUNDRED THIRTY-ONE
THOUSAND SEVEN HUNDRED NINETY-NINE DOLLARS and 80/100 ($431,799.80)
conditioned upon]the completion of the Improvements as required by the City for said subdivision on
or before the jj$-ay of , 2011.
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_11<day of August, 2019.
(SIGNATURE PAGE FOLLOWS)
2,.
SIGNATURE PAGE OF
AGREEMENT FOR PUBLIC IMPROVEMENTS
THE QUARRY ESTATES,L.L.C.
By: _ " � Z Z"-�
Curt W. Fried 'ch, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this day of August, 2019, by Kurt W.
Friedrich, as a Manager of The Quarry Estates, L.L.C.
*W r.kx.viftft 30 Notary Public in and for the State of Iowa
MY � My commission expires"
CITY OF AMES,IOWA
By: p4'
John Joiner
Director of Public Works
3
Quarry Estates Subdivision-4th Addition
Ames, IA �OX
FOX P/N 5343-18B
8/15/2019 engineering
Bond Calculations
Public Improvements
Item Unit Quantity Unit Cost Improvement Costs
Remaining
COSESCO AC 11 $ 500.00 $ 5,500.00
Electric(Street Lights) LS 1 $ 35,000.00 $ 35,000.00
Subgrade Preparation SY 5766 $ 2.75 $ 15,856.50
PCC Curb&Gutter,30" LF 3038 $ 15.80 $ 48,000.40
Pavement,HMA Base,6" SY 3180 $ 26.50 $ 84,270.00
Pavement,HMA Base,7.5' SY 1068 $ 33.15 $ 35,404.20
Sidewalk Pavement,PCC,4" SY 161 $ 53.50 $ 8,613.50
Pedestrian Ramps,PCC,6" SY 64 $ 83.00 $ 5,312.00
Detectable Warning Panels SF 120 $ 26.00 $ 3,120.00
Pavement,HMA Surface,2" SY 4248 $ 10.65 $ 45,241.20
Manhole Adjustments EA 3 $ 1,600.00 $ 4,800.00
Residential Sidewalk Pavement,PCC,4" SY 1482 $ 32.00 $ 47,424.00
Street Trees EA 27 $ 300.00 $ 8,100.00
Total $ 346,641.80
Storm Water Management
Item Unit Quantity Unit Cost Improvement Costs
Remaining
Storm Sewer,Trenched,RCP Class III,24" LF 32 $ 49.00 $ 1,568.00
Storm Sewer,Trenched,RCP Class III,30" LF 125 $ 68.00 $ 8,500.00
Storm Sewer,Trenched,RCP Class III,36" LF 253 $ 90.00 $ 22,770.00
Storm Sewer,Trenched,RCP Class III,42" LF 67 $ 110.00 $ 7,370.00
Pipe Apron,RCP,24" EA 2 $ 2,800.00 $ 5,600.00
Pipe Apron,RCP,30" EA 1 $ 3,000.00 $ 3,000.00
Pipe Apron,RCP,36" EA 3 $ 3,500.00 $ 10,500.00
Pipe Apron,RCP,42" EA 1 $ 4,000.00 $ 4,000.00
Rip Rap,Class D TON 10 $ 60.00 $ 600.00
Turf Reinforcement Mats,Type 4 SQ 5 $ 1,500.00 $ 7,500.00
Native Seeding(swales) AC 0.5 $ 2,500.00 $ 1,250.00
Total $ 72,658.00
Conservation Management
Item Unit Quantity Unit Cost Improvement Costs
Remaining
Native Seeding AC 5 $ 2,500.00 $ 12,500.00
Total $ 12,500.00
Prepared by FOX Engineering Associates,Inc.
414 S.17th Street,Suite 107
Ames,Iowa 50010
EXHIBIT
D