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HomeMy WebLinkAboutA009 - Agreement for Public Improvements dated October 16, 2020, Instrument No. 2020-13107 * I a u 3 /1 I 'S. {- tA O� � "f r Instrumnt N: 2020-13107 vi 11/63/282: 03 25,35 PM Total Pages 3 00 OTHER PCB Z Racardlnq Fa• 00 • Staela Harrldga, S•.17order, Story County Iowa INSTRUMENT PREPARED By: Brian D.Torresl 2605 Northnditc Pkwy.,Ames IA 50010 515 288-2500 RETURN To: Brian D.Torresi 2605 Northridge Pkwy.,Amc to 50010 AGREEMENT FOR PUBLIC IMPROVEMENTS The parties to this Agreement for Public Improvements are PINNACLE PROPERTIES AMES,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 DOMANI SUBDIVISION FIRST 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),water main,sanitary sewer,storm sewer,paving, sidewalks, 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 NINE HUNDRED THREE THOUSAND SIX HUNDRED TWENTY-NINE DOLLARS and 50/100 ($903,629.50)conditioned upon the completion of the Improvements as required by the City for said subdivision on or before the 27th day of October,2023. 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. ' 2020-13107 00 11/03/2020 03.28:38 PM Page 2 of 3 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 AA? _day of October,2020. PINNACLE PROPERTIES AMES, L.L.C. By: Keith D. Ameg6n,VanigCT STATE OF IOWA, STORY COUNTY, SS: 4A This record was acknowledged before me on this day of October, 2020, by Keith D. Arneson,as Manager of Pinnacle Properties Ames, L.L.C. (411do Notary Public in d or the Sta a of I wa My commission expires 3 CITY OF AMES, IOWA � A ERENW C4mffli � � wnbw March 29,2023 Z."4 By: ---- ohn Joiner Director of Public Works 1 1 i •• 1 I I i '.• - 3 of O 0®�s9QlEI�-s'�+:r�:liliSl So-itiii2) O 4Q si•i2lw iTliToo 17 I0I�Q'..1r7'•ilQrS7•• © OQ i:I:l�Q'•ffi] iT]itl i:.7 c!:.?.:•]sif if'�••• O mQ�iT•7riZ7ws'S•�iflmi!cr,7.r;7�Q'�•• O 0®i,iS7�Q27ilQ27 if4tliSi!SL9�i`E] Q ©® SOWliiti�l�i9i�ii!!.rtL7�i.2.7 0 0®�sli�ia�ifS7�:SL•]iPT':i7�QS7 0 !�®��1.7�i�'S•.]�iTJ iffEli )'•Sil 0 mO���'lwQ2•�ii•i9�L �!T'r•7�Qow 0 "immOsi•il ff'._Ll do. owl I. m0�i3Jwi9isi27iflmt!i=•L I is m0isi00wQ27isQ21ifi1m�fcT'T��i'T] 10A MRICH 0m�S9iiiQTJisiTli��'_T^.I:7siiif'S'� m ix7wQDWoliiiQWifm ]i�:ZIwQ - WllSsoo m m0�t9si1i:7+727iLIDi'.":I•il�Q'�" 0 mQ�iS:7wia�i9sTmi!'T-�i7�Q`.10" E7 0Q�i'g•7si•if9�ir�•••s127s':r:.�'.]�if'.n"• It mO�txl�ifS7sifiS]i1S7siT' .f�Q27 ® mQiss�7si•i�sirSS7iML7s1�::'�I�Q9J R11 [L1Q�ia�ixl�Q'Llifmt•�..T�liiiQ fO lt1•�'•si•SIn Sasi•iI7siMt�x ?7�QZ7 Ef! f.L Q i2'l�s7:7 Q Sf. is r::T:7 sif m m. Qi��asitil9 si•QrS7'Si►T_]CS�"T,�-.1�s9 27 mO i3]�saiiiQ'S•7iPmstr:.'.1'.1sifi I7 m ��ixliiliSl�iTlifk�7s r'r:1wQ O IC�O�i9si•s; �i'S•�Sflmif!.T")T`7wi; ] - mO�i��izlilST••7SDm�f!T'•:*_7�Q9 N m��i�iZO ':Lli'.7�'•T7i�T7witEJ 0 ma ilriTJ nsT-nwif11111111fE © mQ Zl�Qa�i3i1F"��iTT Iwi ]I m ma ma "00' ls_■�msIFT7���i t7 m m la z I -111fi 0 most W S.W[ ifiTli'S.:.Clff!CZ7�s;'eE7 © m0si•saiif fo 7iss'DtI►'T9 o ma�i7. WWI ���imsf-n�•� I m mO�t9�Q7�Q�iiL'awQ�7 m <L7A�iT•7 49wQ3l m loloolliumki,IFIFT 0l:.. lowI�- ' :':1�iS] 2lsifQZ1 m iClOsi•iZls �:'' •'��Qx7wi9sifQl QRJAMNAL M WWAM Oi�iT•]siiifl'iJi;!�7in , 1wi9wQ 4 • i'».J J111111 lQ�•7 0 i37Qi�imsi•i1sZ9�f�7 f7��•:•-lii•Qy7wi:'F7 sl ®mES E'm�QTl�i2r•]�iT]siiQ9 Lflr m O ifs f�m�Q7:7 sif QS•7 i�T7 r Q9 ® mQ1iT.yL••7fiDm�iZ•7 iiwQSl si•i9�Q9 EXHIBIT r