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HomeMy WebLinkAboutA024 - Resolution approving the financial security on file for Bricktowne Stormwater Installation be released in fullTo:Mayor & City Council From:Mindy Bryngelson, P.E., Municipal Engineer Date:November 18, 2025 Subject:Bricktowne - Financial Security Release Item No. 24 MEMO Please see attached documentation for release of financial security on file with the City. ATTACHMENT(S): Bricktowne 5B installation release letter.pdf City Clerk's Office 515.239.5105 main 515.239.5142 fax 515 Clark Ave. P.O. Box 811 Ames, IA 50010 www.CityofAmes.org 1 Public Works Department 515.239.5160 main 515 Clark Ave. P.O. Box 811 Engineering 515.239.5404 fax Ames, IA 50010 www.CityofAmes.org Public Works Department 515 Clark Avenue, Ames, Iowa 50010 Phone 515-239-5160 ♦ Fax 515-239-5404 October 23, 2025 Honorable Mayor and Council Members City of Ames Ames, Iowa 50010 Re: Bricktowne Stormwater Installation Security (Bond) Release Mayor and Council Members: I hereby acknowledge that the installation of stormwater management practices as required by Chapter 5B of the Ames Municipal Code for the development of the Bricktowne Apartments in the amount of $ 1,636,034.30 has been completed in an acceptable manner and verified with the submission of certified as-built plans and the filing of a maintenance agreement. Therefore it is recommended that the financial security on file with the City for the installation of the storm water management practices for this development be released in full. Respectfully, Mindy Bryngelson, P.E. Municipal Engineer MB/lc 2