HomeMy WebLinkAboutA005 - Agreement for Public Improvements signed April 25, 2024 C�1 Instrument 4: 2024-03198
05/20/2024 11 :53:01 AM Total Pages. 5
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y Recording Fee. 27.00
p d Stacie Herridge, ecorder , Story County Iowa
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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 161h St.,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 NORTH 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),stormwater management,curb and gutter,pavement,
shared-use path, sidewalks, pedestrian ramps, street trees, 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 letter of credit in the amount of SEVEN HUNDRED THIRTY-EIGHT
THOUSAND SEVENTY-THREE DOLLARS and 13/100 ($738,073.13) conditioned upon the
completion of the Improvements as required by the City,excepting the paving of the North 127 feet
of Lot`A' as the extension of Wilder Avenue,for said subdivision on or before the date that is two
(2) years after the recording of the Final Plat of SUNSET RIDGE NORTH SUBDIVISION,
FIRST ADDITION,AMES, STORY COUNTY,IOWA.
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 po day of April, 2024.
{SIGNATURE PAGE FOLLOWS}
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SIGNATURE PAGE OF
AGREEMENT FOR PUBLIC IMPROVEMENTS
HUNZIKER DEVELOPMENT GROUP, LLC
By:
Justin R. Do ge, Manager
STATE OF IOWA, STORY COUNTY, SS:
This record was acknowledged before me on this �day of April,2024,by Justin R.Dodge,
as a Manager of Hunziker Development Group, LLC.
P� sF ELIZABETH A.JACKSON
Commission Number w6n otary blic in and fo he State of Iowa
My Commwdon
January 3. y commission expires
CITY OF AMES,IOWA
By:
Joiner
Director of Public Works
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EXHIBIT A
IMPROVEMENTS
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Letter of Credit Amount
Sunset Ridge North-First Addition
Hunziker Development
3/29/2024
Originalitem
No. Description Unit Quantity Quantity Unit Price Amount Amount
1 TOPSOIL,ON-SITE CY 20.030.00 0.00 $ 3.00 $
2 EXCAVATION,CLASS 13 CY 39,980 00 8,800.00 $ 2.25 $ 89,955.00 $ 19,800.00
3 SUBGRADE PREPARATION SY 7,720.00 0.00 $ 4.00 $ 30,880.00 $
4 STORM SEWER,TRENCHED,PVC,4" LF 51,00 0.00 $ 45.60 $ 2,325.60 $
5 STORM SEWER,TRENCHED,RCP,15" LF 815.00 0.00 $ 70.79 $ 57,693.85 $
6 STORM SEWER,TRENCHED,RCP,18" LF 474.00 0.00 $ 76.75 $ 36,379.50 $
7 STORM SEWER,TRENCHED,RCP,24" LF 62.00 0.00 $ 98.53 $ 6,108.86 $
8 STORM SEWER,TRENCHED,RCP,30" LF 1,036.00 0.00 $ 148.69 $ 154,042.84 $
9 PIPE APRON,RCP,151N EA 1.00 1.00 $ 2,626.51 $ 2,626.51 $ 2,626.51
10 PIPE APRON,RCP,19IN EA 1.00 1.00 $ 2,808.30 $ 2,809.30 $ 2,808.30
11 PIPE APRON,_RCP,241N EA 1.00 1.00 $ 3,658.53 $ 3,658.53 $ 3,658.53
12 PIPE APRON,RCP,301N EA 4.00 4.00 $ 3,785.51 $ 15,142.04 $1 15,142.04
13 FOOTING DRAIN COLLECTOR,NON-PERFORATED,6" LF 1.460.00 0.00 $ 25.86 $ 37 755.60 $
14 FOOTING DRAIN CLEANOUT,6" EA 4.00 0.00 $ 802.42 $ 3,209.68 $
15 STORM SEWER SERVICE STUB, LF 46.00 0.00 $ 1,096.49 $ 50,438.54 $
16 WATER MAIN,TRENCHED,PVC,8" LF 2,126.00 0.00 $ 37.92 $ 80,617.92 $
17 WATERMAIN FITTINGS LB 197.00 0.00 $ 19.82 $ 3,904.54 $
18 WATER SERVICE STUB EA 45.00 0.00 $ 1,984.20 $ 91,273.20 $
19 VALVE,8" EA 4.00 0.00 $ 2,467.14 $ 9,868.56 $
20 FIRE HYDRANT ASSEMBLY EA 6,00 0.00 $ 7,862.59 $ 47,175.54 $
21 FLUSHING DEVICE(BLOW OFF HYDRANT) EA 2.00 0.00 $ 7,862.59 15 725.18 $
22 FIRE HYDRANT ASSEMBLY REMOVAL EA 1.00 0.00 $ 1,077.51 $ 1,077.51 $
23 STORM MANHOLE,SW-401,481N EA 1.00 0.00 $ 6,089.57 $ 6,099.57 $
24 STORM MANHOLE,SW-401,601N EA 3.00 0.00 $ 9,074.78 $ 27,224.34 $
25 INTAKE,SW-501 EA 8.00 0.00 $ 4,532.35 $ 36,258.80 $
26 INTAKE,SW-505 EA 3-00 0.00 $ 8,691.5S $ 26,074.65 $
27 INTAKE,SW-506 EA 100 0.00 $ 10,652.82 $ 10,652.82 $
28 INTAKE,SW-512(POND OUTLET) EA 1,00 1.00 $ 8,607.75 $ 8,607.75 $ 8,607.75
29 CURB AND GUTTER,2.5FT,6" LF 4,127,00 4,127.00 $ 22.00 $ 90,794.00 $ 90,794.00
30 PAVEMENT,HMA,BASE,6" SY 5,605.00 5,605.00 $ 36.00 $ 201,780.00 $ 201,780.00
31 PAVEMENT,HMA,SURFACE,2" SY 5,605.00 5,605.00 $ 14.00 $ 78,470.00 $ 78,470.00
32 MANHOLE ADJUSTMENTS FOR SURFACE COURSE EA 9.00 9.00 $ 2,200.00 $ 19,800.00 $ 19,800.00
33 SHARED USE PATH,PCC,5" SY 229.00 229.00 $ 87.00 $ 19,923.00 $ 19,923.00
34 SIDEWALK,PCC,S"(FUTURE HOMEOWNERS) SY 1,921.00 1,921.00 $ 87,00 $ 167,127.00 $ 167 127.00
35 SIDEWALK,PCC,5" SY 336.00 336.00 $ 87.00 $ 29,232.00 $ 29,232.00
36 SIDEWALK,PCC,6" SY 53.00 58.00 $ 158.00 $ 9,164.00 $ 9,164.00
37 DETECTABLE WARNING SF 112.00 112.00 $ 45.00 $ 5,040.00 $ 5,040.00
38 PAVEMENT REMOVAL SY 3.00 0.00 $ $ $
39 CONVENTIONAL SEEDING,SEEDING,FERTILIZING,AND MULCHING(TYPE 1 SEED) AC 12.10 0.00 $ $ $
40 CONVENTIONAL SEEDING,SEEDING,FERTILIZING,AND MULCHING(TYPE 4 SEED) AC 2.10 0.00 $ $ $
41 CONVENTIONAL SEEDING,SEEDING,FERTILIZING,AND MULCHING(LOW-GROW SEED) AC 1.40 0.00 $ $ $
42 CONVENTIONAL SEEDING,SEEDING,FERTILIZING,AND MULCHING(WETLAND SEED) AC 0.66 0.00 $ $ $
43 RIP RAP,TYPE E TOP 26.00 0.00 $ 62.29 $ 1,619.54 $
44 SILT FENCE OR SILT FENCE DITCH CHECK LF 8,304.00 0.00 $ $ $
45 STABILIZED CONSTRUCTION ENTRANCE SY 122.00 0.00 $ $
46 TURF REINFORCEMENT MATS,TYPE 3A SY 3.197.00 0.00 $ $ $
47 INLET PROTECTION DEVICE EA 12.00 0.00 $ $ $
48 MOBILIZATION LS 100 0.00 $ $ $
49 EROSION CONTROL Acr, 13.6^ 18.60 $ 500.00 $ 9,300.00 $ 9,300.00
50 STREET TREES EA 79 79.00 $ 200.00 $ 15,800.00 $ 15,800.00
51 STREET UGHTS/ELECTRICAL EA il 13.00 $ 3,000.00 $ 39,000.00 $ 39,000.00
TOTAL ORIGINAL AMOUNT $ 1,544,624.77
TOTAL LETTER OF CREDIT AMOUNT-#1 i $ 738,073.13