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Home My WebLink AboutA004 - Agreement for Public Improvements dated September 1, 2021, Instrument No. 2021-13340 Instrument #: 2021-13340 0 0 10/19/2021 02:34:33 PM Total Pages: 4 0— 00 OTHER V S Recording Fee: $ 22.00 It'Y' Stacie Herridge, Recorder, Story County Iowa o � 1111 KI Uri I K514H HIPANW1111111 F� to d . o F � z 1 W � �N 'z INSTRUMENT PREPARED BY: Brian D.Torresi,2605 Northridge Pkw .,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 DEVELOPMENT GROUP,LLC (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 SUNSET RIDGE SUBDIVISION ELEVENTH 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), subgrade preparation, sanitary sewer,water main, storm sewer, drains,hydrants,pavement,pedestrian ramps,manhole adjustments, and street lights (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 SEVEN HUNDRED SEVENTY-FOUR THOUSAND EIGHT HUNDRED SEVENTY-FOUR DOLLARS and 25/100($774,874.25)conditioned upon the completion of the Improvements as required by the City for said subdivision on or before the 12- day of 0 c+a bL,y- , 202-f e 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 I s day of September, 2021. (SIGNATURE PAGE FOLLOWS) Sunset Ridge 11th Addition Financial Security Estimate Item Quantity Unit Unit Price Totals Subgrade Preparation 5,170 SY $ 2.90 $ 14,993.00 Sanitary Sewer Gravity Main,Trenched,8" 1,377 LF $ 50.00 $ 68,850.00 Sanitary Sewer Service Stub,4" 32 EA $ 1,800.00 $ 57,600.00 Footing Drain Collector,Case D,Type 2,8" 716 LF $ 17.00 $ 12,172.00 Footing Drain Cleanout 4 EA $ 400.00 $ 1,600.00 Sump Service Stub, 1.5" 32 EA $ 1,000.00 $ 32,000.00 Storm Sewer,Trenched, RCP Class III, 15" 296 LF $ 38.00 $ 11,248.00 Storm Sewer,Trenched, RCP Class III, 18" 521 LF $ 45.00 $ 23,445.00 Storm Sewer,Trenched, RCP Class III,24" 321 LF $ 53.00 $ 17,013.00 Pipe Apron, RCP,24" 1 EA $ 3,500.00 $ 3,500.00 Water Main,Trenched,8" 1,365 LF $ 29.00 $ 39,585.00 Fitting, M.J.Tee,8" 1 EA $ 400.00 $ 400.00 Fitting, M.J.22.5 Degree Bend,8" 16 EA $ 400.00 $ 6,400.00 Fitting, M.J.45 Degree Bend,8" 2 EA $ 400.00 $ 800.00 Fitting, M.J.Sleeve,8" 2 EA $ 300.00 $ 600.00 Fitting, M.J.Cap,8" 1 EA $ 300.00 $ 300.00 Water Service Stub, 1" 32 EA $ 2,000.00 $ 64,000.00 Valve, M.J. Gate,8" 4 EA $ 1,800.00 $ 7,200.00 Fire Hydrant Assembly(includes 8"x8"x6"M.J.Tee,6" M.J.Gate 3 EA $ 6,000.00 $ 18,000.00 Valve,6" Pipe,and Hydrant) Fire Hydrant Relocation(Temporary to Permenant)(Includes new 2 EA $ 3,800.00 $ 7,600.00 8"x8"W'M.J.Tee,6" M.J.Gate Valve,and 6" Pipe) Sanitary Manhole,SW-301,48" 5 EA $ 5,500.00 $ 27,500.00 Storm Manhole,SW-401,48" 1 EA $ 4,500.00 $ 4,500.00 Single Grate Intake,SW-501 3 EA $ 2,100.00 $ 6,300.00 Single Grate Intake,with Manhole,SW-503 3 EA $ 4,400.00 $ 13,200.00 Double Grate Intake,SW-505 1 EA $ 4,000.00 $ 4,000.00 Double Grate Intake,with Manhole,SW-506 1 EA $ 4,500.00 $ 4,500.00 Area Intake,SW-512,36" 2 EA $ 2,500.00 $ 5,000.00 PCC Curb and Gutter,30" 2,852 LF $ 17.25 $ 49,197.00 Pavement, HMA Base,6" 2,130 SY $ 25.10 $ 53,463.00 Pavement, HMA Base,7.5" 1,615 SY $ 31.30 $ 50,549.50 Pavement, HMA Surface,2" 3,745 SY $ 10.75 $ 40,258.75 Sidewalk Pavement, PCC,4" 1,869 SY $ 30.00 $ 56,070.00 Pedestrian Ramps, PCC,6" 57 SY $ 140.00 $ 7,980.00 Detectable Warning Panels 100 SF $ 27.00 $ 2,700.00 Manhole Adjustments 7 EA $ 1,650.00 $ 11,550.00 Stabilized Construction Entrance 2 EA $ 1,000.00 $ 2,000.00 Rip Rap,Class D 100 TON $ 50.00 $ 5,000.00 COSESCO(erosion control) 12 AC $ 500.00 $ 6,000.00 Street Trees 49 EA $ 200.00 $ 9,800.00 Street Lights 1 LS $ 28,000.00 $ 28,000.00 Total $ 774,874.25 EXHIBIT YI d_ D SIGNATURE PAGE OF AGREEMENT FOR PUBLIC IMPROVEMENTS HUNZIKER DEVELOPMENT GROUP,LLC By. Justin R. Dodge, anager STATE OF IOWA, STORY COUNTY, SS: This record was acknowledged before me on this 1 day of September,2021,by Justin R. Dodge, as a Manager of Hunziker Development Group, LLC. —nqcr'� aurg'� Notary Public in and for the State of Iowa My commission expires �a 3 CITY OF AMES, IOWAMARC--- C n� E30" MY By�hnJoiner Director of Public Works N k rr alp W h r r. rti are d f � t yx.J-p 3