HomeMy WebLinkAboutA002 - Agreement for Public Improvements Instrument, a: 2023-00972.
1 02/21/2023 02:01 :06 PM Total Pages: 5
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INSTRUMENT PREPARED BY: Brian D,Torresi, 120 S 16,h St. Ames IA.50010 515 288-2500
RETURN To: Brian D.Torresi, 120 S 16,h St. Ames IA 50010
AGREEMENT FOR PUBLIC IMPROVEMENTS
The parties to this Agreement for Public Improvements are DAYTON AVENUE
DEVELOPMENT, 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 NORTH
DAYTON INDUSTRIAL 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),subgrade preparation,sanitary sewer,storm sewer,
water main, fire hydrant, manholes, sidewalk, seeding and landscaping, street lights, and street
widening(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 TWO MILLION EIGHT HUNDRED
FORTY THOUSAND SIX HUNDRED EIGHTY-THREE DOLLARS and 25/100($2,840,683.25)
(collectively, with any and all renewals thereof, the "Letter of Credit") conditioned upon the
completion of the Improvements as required by the City for said subdivision,and shall maintain said
i
Letter of Credit or a renewal thereof until the earliest to occur of the 14d day of February,2026(the
"Completion Date")or the actual completion date of the Improvements. Owner further agrees that,
to the extent the Improvements are not yet complete at the time the term of the Letter of Credit is set
to expire and/or expires, Owner shall take any and all actions necessary to renew the term of the
Letter of Credit such that the Letter of Credit remains valid and existing through and until the earliest
to occur of the Completion Date or the date the Improvements have actually been completed by
Owner.
IT IS FURTHER AGREED that City reserves the right to draw upon the Letter of Credit,
prior to the expiration thereof,in the event Owner defaults under its obligations set forth herein or in
the event a renewal of the Letter of Credit has not been provided within ten (10) days of the
expiration of the current term of the Letter of Credit,and,in such event,the City shall construct said
Improvements and utilize amounts drawn upon to cover the costs thereof.
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 January,2023.
(SIGNATURE PAGE FOLLOWS)
SIGNATURE PAGE OF
AGREEMENT FOR PUBLIC IMPROVEMENTS
DAYTON AVENUE DEVELOPMENT,LLC
By: ea e
Charles E. Winkleblack, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this/( day of January, 2023, by Charles E.
Winkleblack, as a Manager of Dayton Avenue Development, LLC.
REBECCA H.BARCLAY
Commission Number 176182 N tary Public in and for the State of Iowa
My Cohn ission Ex Tres
OWP
gl My commission expires
By:
DeaA E. Hunziker, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this&( day of January, 2023, by Dean E.
Hunziker, as a Manager of Dayton Avenue Development, LLC.
^�SF REBECCA H.BARCLAY NsAary Public in and for the St We of Iowa
Commission Number 176182
My Commission Expires My commission expires
lows
CITY OF AMES, IOWA
By.
hn Joiner
Director of Public Works
3
E:--
BIT
Letter of Credit Amount
Dayton Industrial Development
Hunziker Development
Item No. Description
I CLEARING AND GRUBBING I UNIT I - $ 6,000.00 $
2 TOPSOIL,DEVELOPMENT AREA) CY 64,321.00 $ 2.20 5
3 EXCAVATION,(DEVELOPMENT AREA) CY 165,426.00 $ 3.30 5
4 SUBGRADE PREPARATION-BAILEY AVE SY 9,994.00 9,994.00 $ 2.00 5 19,988.00
5 SUBBASE,6"-BAILEY AVE SY 9,994.00 9,994.00 $ 11.00 $ 109,934.00
6 SANITARY SEWER GRAVITY MAIN,TRENCHED,PVC,1Z" LF 3*26&00 3,266.00 $ 73.00 $ 238,419.00
7 SANITARY SEWER SERVICE STUB EA 10.00 10.00 $ 2,600.00 $ 26,000.00
8 STORM SEWER,TRENCHED,15"RCP LF 1,386.00 1,386.00 S ZOO S 58,212.00
9 STORM SEWER,TRENCHED,18"RCP LF 581.00 581.00 $ 46.00 $ 26,726.00
10 STORM SEWER,TRENCHED,24"RCP LF 137.00 137.00 $ 63.00 $ 8,631.00
11 STORM SEWER,TRENCHED,30"RCP LF 68.00 68.00 5 79.00 $ 5,372.00
12 STORM SEWER,TRENCHED,36"RCP LF 466.0D 466.00 $ 102.OD S 47,532.00
13 STORM SEWER,TRENCHED,48"RCP LF 1,101.00 12101.00 $ 180.00 $ 198,180.00
14 PIPE APRON,151NCH EA 1.00 1.00 $ 3,900.00 S 3,900.00
15 PIPE APRON,24 INCH EA 1.00 1.00 $ 4,200.00 $ 4,200.00
16 PIPE APRON,301NCH EA 1.00 1.00 $ 5,100.00 $ 5,100.00
17 PIPE APRON,48 INCH EA 2.00 2.00 $ 7,90000 $ 15,800.00
18 SUBDRAIN,6"PERFORATED LF 292.00 292.OD $ 18.00 $ 5,256.00
19 SUBDRAIN CLEANOUT,6" EA 1.00 1.00 $ 700.00 $ 700.00
20 SUBDRAIN OUTLET,6" EA 1.00 1.00 5 700.00 $ 700.00
21 OUTLET STRUCTURE INLET PIPE,PVC 4" LF 20.00 20.00 $ 50.00 $ 1,000.00
22 WATER MAIN,TRENCHED,8 INCH LF 2,454.00 204S4.0D 5 40.00 $ 99,160.00
23 WATER MAIN FITTINGS LB 950.00 950.00 $ 20.00 $ 19,000.00
24 WATER SERVICE STUB 6" EA 6.00 6.00 S 3.800.00 $ 22,900.00
25 VALVE,81NCH EA 1.00 1.00 $ 2,500.00 $ 2,500.00
26 VALVE,61NCH,SERVICE EA 10.00 30.D0 $ 2,000.00 $ 2%000.00
27 TAPPING VALVE ASSEMBLY EA 2.00 2.00 $ 6,200.00 $ 12,400.00
28 FIRE HYDRANT ASSEMBLY EA 9.00 9.00 $ 6,900.00 $ 62.100.00
29 TEMPORARY SERVICE HYDRANT EA 6.00 S S,000.00 S
30 SANITARY MANHOLE,SW-301,48 INCH EA 12.00 12.DO $ 7,1O0.D0 5 85,200.00
31 STORM MANHOLE,SW-401,721NCH EA 2.00 2.00 S 7,900.00 5 15,800.00
32 STORM MANHOLE,SW-401,48 INCH EA 1.00 1.00 $ 5,000.00 5 5,000.00
33 INTAKE,SW-501 EA 1200. 12.00 $ 2,800.00 $ 33,600.00
34 INTAKE,SW-503 EA 1.00 1.00 $ 6.500.00 $ 6,S00.00
35 INTAKE,SW-505 EA 100 3.00 $ 6,800.00 $ 20,400.00
36 INTAKE,SW-506 EA 2.00 2.00 S 8,800.00 $ 17,600.00
37 INTAKE,SW-512,24" EA 1.00 1.00 $ 2.500.00 $ 2,500.00
38 INTAKE,SW-506 MODIFIED EA COD 4.00 $ 17,800.00 $ 71,200.00
39 INTAKE,SW-513,MODIFIED,POND OUTLET 48"X 48' EA 1.00 $ 5,900.00 $
40 INTAKE,SW-513,MODIFIED,POND OUTLET 72"X 72' EA 1.00 $ 16,500.00 $
41 CONNECTION TO EXISTING MANHOLE,SANITARY EA 1.00 LOD $ 11500.00 $ 1,500.00
42 PAVEMENT,PCC,8"-BAILEY SY 8,863.00 8,863.00 $ 66.00 $ 584,958.00
43 SIDEWALK,PCC,S"(FUTURE BY OTHERS) SY 1,315.00 1,315.00 $ 50.00 5 65,750.00
44 HYDRAULIC SEEDING,SEEDING,FERTILIZING,AND MULCHING,(WETLAND SEED) AC 1.50 $ 3.200.00 $
45 HYDRAULIC SEEDING,SEEDING,FERTILIZING,AND MULCHING,(LOW-GROW GRASS) AC 3.75 $ 3.200.00 $
46 HYDRAULIC SEEDING,SEEDING,FERTILIZING,AND MULCHING,(TYPE IV SEED) AC 49.50 $ 1,500.00 $
47 RIP RAP,CLASS E TON 1,D92.00 $ 80.00 $
48 SILT FENCE OR SILT FENCE DITCH CHECK LF 10,981.00 $ 4.00.$
49 STABILIZED CONSTRUCTION ENTRANCE SY 245.00 $ 10.00 $
50 INLET PROTECTION DEVICE EA 31.00 $ 200.00 $
Si MOBILIZATION CONSTRUCT LS 1.00 $ 25,000.00 $
52 MOBILIZATION-AMES TRENCHING LS 1.00 $ 10,000.00 $
53 STREETLIGHTS LS 1.001 1.00 $ 15,000.00 S 15,000.00
54 STREET LIGHTCONDUIT LF 2.406-00-F 2,400.00 $ 4.00 $ 9,600.00
55 ELECTRIAL PRIMARY CONDUIT LF 2,870.00 2,870.00 $ 4DO $ 11,480.00
56 MAILBOXES EA 1.00 00 1.00 $ SS00.00 $ 1,500.00
57 MAILBOX PAD IS 1.00 Im $ 1,000. $ 1,000.OD
58 COSESCO AC S91 59 $ 5,000.001$ 295,000.00
TOTALI$ 2,256,197.00
Dayton Widening
Al TOPSOIL,(DAYiON WIDENING) CY 1,431.00 1,431.00 $ $
A2 EXCAVATION,(DAYTON WIDENING) CY 9,553.00 %553.00 $ $
A3 SUBGRADE PREPARATION-DAYTON WIDENING SY 6,620.00 6,620.00 $ 3.80 $ 25,156.DO
A4 GRANULAR SHOULDER-DAYTON WIDENING SY 2,180.00 2,180.00 $ 27.00 $ S81860.00
AS STORM SEWER,TRENCHED,15"RCP LF 79.00 79.00 S 42.00 $ 3,318.00
A6 STORM SEWER,TRENCHED,18"ARCP LF 79.00 79.00 $ 86.00 $ 6,794.00
A7 REMOVAL OF DRAIN TILE LF 688.00 688.00 $ S.00 5 3,440.00
AS PIPE APRON,151NCH EA 2.00 2.00 $ 3.900.00 $ 7,800.00
A9 PIPE APRON,18 INCH ARCH EA 2,001 2.00 5 4,700.00 $ 9,400.00
AID MANHOLE ADJUSTMENT,MAJOR EA 2.00 2.00 $ 1,800.00 $ 3,600.00
All PAVEMENT,HMA 12"-DAYTON WIDENING TON 2,930.00 2,930.00 $ 110.00 S 322,300.00
Al2 REMOVAL OF PAVEMENT SY 417.00 417.00 $ 50.00 5 20.850.00
A13 SHARED USE PATH,S"PCC,(DAYTON WIDENING) SY 2,370.00 2,370.00 $ 42.00 $ 99,540.00
A14 SHARED USE PATH,6"PCC,(DAYTON WIDENING) SY 82.00 82.00 $ S0.00 $ 4,1DO.00
A15 DETECTABLE WARNING DAYTON WIDENING) SF 80.00 80.00 $ 40.00 $ 3,2D0.00
A16 TRAFFIC CONTROL(IADOT TC-2161,IDAYTON WIDENING) LS 1.00 5 25.000.00 $
All PAINTED PAVEMENT MARKINGS,SOLVENT/WATERBORNE,(DAYTON WIDENING) LTA 165.13 165.13 $ 25.00 $ 4,128.2S
A18 PAINTED SYMBOLS AND LEGENDS DAYTON WIDENING EA 12.00 12.00 $ 1,..00 $ 12,000.00
A19 HYDRAULIC SEEDING,SEEDING,FERTILIZING,AND MULCHING,(TYPE III SEED),(DAYTON WIq AC 1 1.501 1$ 2.500.00 $
A20 ISILT FENCE OR SILT FENCE DITCH CHECK,(DAYTON WIDENING) I LF 1 890.001 1$ 4.00 $
TOTAL $ 584,486.25
Overall Total $ 2,840,683.25
Letter of Credit Summary
Major Item of Work Bailey Road Dayton Widening Total Cost
Earthwork $ 19,988.00 $ 25,156.00 $ 45,144.00
Watermain $ 236,960.00 $ - $ 236,960.00
Sanitary Sewer $ 351,118.00 $ 3,600.00 $ 354,718.00
Storm Sewer $ 848,909.00 $ 30,752.00 $ 879,661.00
Paving $ 694,892.00 $ 418,138.25 $ 1,113,030.25
Sidewalk $ 65,750.00 $ - $ 65,750.00
Shared Use Path $ - $ 106,840.00 $ 106,840.00
Misc $ 38,580.00 1 $ - $ 38,580.00
Total $ 2,256,197.00 1 $ 584,486.25 $ 2,840,683.25