HomeMy WebLinkAboutA005 - Agreement for Public Improvements dated September 20, 2021, Instrument No. 2021-13345 Instrument N: 2021-13345
10/19/2021 02:34:33 PM Total Pages: 4
OTHER00 Recording Fee: $ 22.00
�$ Stacie Herridge, 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 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 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, subgrade preparation, pavement,
pedestrian ramps, street trees, sidewalks, manhole adjustments, 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 THREE HUNDRED FIFTEEN
THOUSAND FOUR HUNDRED SIXTY-FOUR DOLLARS and 80/100($315,464.00)conditioned
upon
ntthe
completion of the Improvements as required by the City for said subdivision on or before
the Ce day of , 202q
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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 September, 2021.
(SIGNATURE PAGE FOLLOWS)
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SIGNATURE PAGE OF
AGREEMENT FOR PUBLIC IMPROVEMENTS
THE QUARRY ESTATES,L.L.C.
By.
_ —2/"' 1
Ku riedric anager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this_�y of Sep er, 202 y K
Friedrich, as a Manager of The Quarry Estates, L.L.C.
a' s KIMBERLY M SEWALD
f ,Commission Number 815619 a Publi in and for the State of Iowa
' My Commission Expires commi ion expires
w March 05, 2022
By:
Richard J.a4en.010A z 'Ieel'
nager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this day of September,2 ,
Johansen, as a Manager of The Quarry Estates, L.L.C.
'fijL, Leo
m Expiry Notary Public in and for the State of Iowa
My commission expires
CITY OF AMES,IOWA
By.
J n Joiner
Director of Public Works
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Quarry Estates Subdivision -5th Addition
Ames, IA FOX
FOX P/N 5343-20A
9/3/2021 Zengineering
Bond Calculations
Public Improvements
Item Unit Quantity Unit Cost Improvement Costs
Remaining
COSESCO AC 16 $ 500.00 $ 8,000.00
Electric(Street Lights) LS 1 $ 25,000.00 $ 25,000.00
Subgrade Preparation SY 4679 $ 2.95 $ 13,803.05
PCC Curb&Gutter, 30" LF 2377 $ 18.10 $ 43,023.70
Pavement, HMA Base, 6" SY 193 $ 26.50 $ 5,114.50
Pavement, HMA Base, 7.5" SY 3291 $ 33.15 $ 109,096.65
Sidewalk Pavement, PCC,4" SY 646 $ 56.75 $ 36,660.50
Pedestrian Ramps, PCC,6" SY 84 $ 140.00 $ 11,760.00
Detectable Warning Panels SF 90 $ 27.00 $ 2,430.00
Pavement, HMA Surface,2" SY 3484 $ 10.90 $ 37,975.60
Manhole Adjustments EA 4 $ 1,700.00 $ 6,800.00
Street Trees EA 33 $ 300.00 $ 9,900.00
Total $ 309,564.00
Conservation Management
Item Unit Quantity Unit Cost Improvement Costs I
Remaining
Native Seeding AC 2 $ 2,950.00 $ 5,900.00
Total $ 5,900.00
Prepared by FOX Engineering Associates,Inc.
414 S.17th Street,Suite 107
Ames,Iowa 50010