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Home My WebLink AboutA009 - Agreement for Public Improvements, Instrument No. 2020-05303 w h �0 U� o w iv o J Instrument 0: 2020-05303 E° � 05/21/2020 10:09:34 AM Total Pages: 4 00 OTHER Recording Fee: $ 22.00 Stacie Herridge, Recorder, Story County Iowa w w 1111 A l Nri H11064 Wil 1411 P110,11111111 b- � uN , 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 DW PORTFOLIO,LLC (the "Owner") and the CITY OF AMES,IOWA (the"City"). WHEREAS,the Owner is in the process ofplatting real estate to be known as WHEELOCK CORNER SUBDIVISION,AMES, STORY COUNTY, IOWA; and WHEREAS,the Owner is required to construct certain improvements and utilities within the real estate (collectively, the "Improvements") (an identification of the Improvements and 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 FOUR HUNDRED SIXTY-SIX THOUSAND TWO HUNDRED THREE DOLLARS and 00/100 ($466,203.00)conditioned upon the completion of the Improvements as required by the City for said subdivision on or before the /a day of 20 2v 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 J o day of April, 2020. (SIGNATURE PAGE FOLLOWS) SIGNATURE PAGE OF AGREEMENT FOR PUBLIC IMPROVEMENTS DW PORTFOLIO, L.L.C. By David E. Wheelock, nager STATE OF IOWA, STORY COUNTY, SS: This record was acknowledged before me on this /a day of April, 2020, by David E. Wheelock, as a Manager of DW Portfolio, LLC. a Public in�andfor the t e of Iowa My commission expires CITY OF AMES,IOWA *MM T DODGEber 792016 ExpiresByZ , 2021 rf Public Works 3 a ' Wheelock Corner Subdivision Public Improvements&Storm Water Management(Financial Security) Item Quantity Unit Unit Price Totals Subgrade Preparation, 12' 3,510 SY $2.75 $9,652.50 PCC Curb & Gutter, 30" 1,743 LF $16.00 $27,888.00 Curb Backfill 1,797 LF $1.50 $2,695.50 Pavement, HMA Base, 7" 2 395 SY $33.00 $79,035.00 Pavement, HMA Surface, 2"Pavement, PCC, 8" 2,395 SY $10.00 $23,950.00 256 SY $75.00 $19,200.00 Sidewalk Pavement, PCC,4" 473 SY $35.00 $16,555.00 Pedestrian Ramps, PCC, 6" 53 SY $75.00 $3,975.00 Detectable Warning Panels 72 SY $25.00 $1,800.00 Saw Cut PCC Pavement, Full Depth 171 LF $8.00 $1,368.00 Pavement Removal 199 SY $10.00 $1,990.00 Storm Sewer,Trenched, RCP Class III, 15" 62 LF $38.00 $2,356.00 Storm Sewer,Trenched, RCP Class III, 18" 31 LF $44.00 $1,364.00 Storm Sewer,Trenched, RCP Class III, 24" 722 LF $52.00 $37,544.00 Storm Manhole,SW-401,48" 1 EA $3,000.00 $3,000.00 Single Grate Intake,SW-501 5 EA $2,200.00 $11,000.00 Single Grate Intake with Manhole,SW-503 4 EA $4,000.00 $16,000.00 Double Open Throat Curb Intake, Small Box, SW-509 1 EA $7,500.00 $7,500.00 Water Main, Trenchless, PVC, 8" 50 LF $500.00 $25,000.00 Water Main,Trenched, 8" 1 001 LF $30.00 $30,030.00 Water Connection to Existing Main 1 EA $6,000.00 $6,000.00 Fitting, MJ Bend, 8" 19 EA $500.00 $9,500.00 Fitting, MJ Tee, 8" 3 EA $500.00 $1,500.00 Sleeve, 8" 1 EA $750.00 $750.00 Cap, M1,8 8"" 3 EA $500.00 $1,500.00 Valve, MJ Gate, 8" 10 EA $1,800.00 $18,000.00 Fire Hydrant Assembly 5 EA $4,200.00 $21,000.00 Sanitary Sewer Gravity Main,Trenched, 8" 526 LF $50.00 $26,300.00 Sanitary Manhole, SW-301, 48" 3 EA $5,500.00 $16,500.00 COSESCO(erosion control) 16.5 AC $500.00 $8,250.00 Street Lights 1 1 LS 1 $35,000.00 $35,000.00 Financial Security for Public Improvements TOTAL:1 $466,203.00 EXHIBIT