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HomeMy WebLinkAboutA003 - Agreement for Public Improvements, Instrument No. 2019-09316 U$ w Instrument 0: 2019-09316 4 10/03/2019 02:50:58 PM Total Pages: 4 c 00 OTHER E Recording Fee: $ 22.00 Stacie Herridge, Recorder, Story County Iowa W Ci C y N 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 HUNZIKER LAND DEVELOPMENT COMPANY,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 SUNSET RIDGE SUBDIVISION NINTH 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 trees,sanitary sewer and manhole,water main, and sidewalks(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 EIGHTY-TWO THOUSAND EIGHT HUNDRED SEVENTY-SIX DOLLARS and 00/100 ($82,876.00)conditioned upon the completion of the Improvements as required by the City for said subdivision on or before the `+ day of , 20�Q 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 day of August, 2019. (SIGNATURE PAGE FOLLOWS) % r SIGNATURE PAGE OF AGREEMENT FOR PUBLIC IMPROVEMENTS HUNZIKER LAND DEVELOPMENT COMPANY, L.L.C. By: De n E. Hunziker, M ager By: (E ucatd—, Charles E. Winkleblack, Manager STATE OF IOWA, STORY COUNTY, SS: / This record was acknowledged before me on this ;?�} day of August, 2019, by Dean E. Hunziker and Charles E. Winkleblack, as Managers of Hunziker Land Development Company, L.L.C. fipP 1st JENNIFEE KfUPAUN No P lic inen for e St to o Iowa x Commission Numb ; 'F3061 ommissionires -3111 My Co 'on Expires CITY OF AMES,IOWA By: C— J Joiner .irector of Public Works f 3 Hunziker-Sunset Ridge 9th Addition Item Quantity Unit Unit Price Totals Porous Pavers 155 SY $50.00 $7,750.00 Sanitary Sewer Gravity Main,Trenched, 8" 470 LF $40.00 $18,800.00 Sanitary Manhole,SW-301,48" 2 EA $4,800.00 $9,600.00 Water Main,Trenched, 8" 501 LF $26.00 $13,026.00 Fitting, MJ,45 Degree Bend, 8" 6 EA $400.00 $2,400.00 Valve, MJ Tapping, 12"x8" 1 EA $3,000.00 $3,000.00 Relocate Fire Hydrant Assembly 1 EA $4,000.00 $4,000.00 PCC Sidewalk,4" 469 SY $40.00 $18,760.00 PCC Sidewalk, 6" 9 SY $50.00 $450.00 Detectable Warning Panels 16 SF $40.00 $640.00 COSESCO(erosion control) 3.7 AC $500.00 $1,850.00 Street Trees 13 EA $200.00 $2,600.00 TOTAL: $82,876.00 Ea EXHIBIT iv .O D