HomeMy WebLinkAboutA015 - Agreement for Public Improvements dated February 19, 2020 - Instrument No. 2020-02881 U�
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v� Instrument q: 2020-02881
° 00/01/2020 0THER 09.57:16 AM Total Pages: 4
RecordingFee: $ 22.00
Stacie l. rrlidge ecorder, 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 Pkw .,Ames,IA 50010
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement for Public Improvements are HUNZIKER DEVELOPMENT
GROUP, LLC (the"Owner") and the CITY OF AMES, IOWA (the "Ciff").
WHEREAS, the Owner is in the process of platting real estate to be known as SCENIC
VALLEY SUBDIVISION FIFTH 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, street trees, manhole adjustments,
pavement, sidewalks, curb,gutter,and subgrade preparation(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
SEVENTY-FIVE THOUSAND FIVE HUNDRED EIGHTY-EIGHT DOLLARS and 60/100
($75,588.60)conditioned upon the completion of the Improvements as required by the City for said
subdivision on or before tha� day of Muy , 2w-!
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-H'day of 2020.
(SIGNATURE PAGE FOLLOWS)
SIGNATURE PAGE OF
AGREEMENT FOR PUBLIC IMPROVEMENTS
HUNZIKER DEVELOPMENT GROUP, LLC
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Justin R. Ddge,Zanager �
By: 6
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Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this day of February, 2020, by Justin R.
Dodge and Charles E. Winkleblack, as Managers of Hunziker Developrrient Group, LLC.
JENNIFER KP..7 Nota b ' n anZ for the State of Iowa
Y f Commission Number .:�t:��1 My commi 'on expires i i
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CITY OF AMES, IOWA
By:
ohn Joiner
Director of Public Works
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Scenic Valley 5th Addition Improvements (Financial Security)
Item Quantity Unit Unit Price Totals
Subgrade Preparation, 12" 1,092 SY $3.45 $3,767.40
PCC Curb& Gutter, 30" 651 LF $18.20 $11,848.20
Pavement, HMA Base, 6" 760 SY $28.00 $21,280.00
Pavement, HMA Surface, 2" 760 SY $11.50 $8,740.00
Manhole Adjustments 3 EA $1,600.00 $4,800.00
PCC Sidewalk,4" 360 SY $40.00 $14,400.00
PCC Sidewalk, 6" 7 SY $135.00 $945.00
Detectable Warning Panels 8 SF $26.00 $208.00
COSESCO (erosion control) 1.2 AC $500.00 $600.00
Streetlights 1 LS $6,000.00 $6,000.00
Street Trees 10 EA $300.00 $3,000.00
Financial Security TOTAL: $75,588.60
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