HomeMy WebLinkAboutFusion Investments, LLC - Final Plat - 4/01/2019 CONTRACT
A
This Agreement entered into this day of �� , 20J, by the City of Waterloo,
Iowa, hereinafter referred to as First Party and Fusion I estments LLC. , hereinafter referred to as
Second Party.
THAT WHEREAS, the Second Party has tiled with the City Planning, Programming,and Zoning
Commission of the City of Waterloo, Iowa,a final plat which must be approved by the City Council of Waterloo,
Iowa, and
WHEREAS, said addition is to be known as_Cedar Valley Crossing ,and
WHEREAS, it is the desire of the City Council of the City of Waterloo, Iowa,that sanitary sewers, storm
sewers, curb and gutter, street paving and concrete sidewalks be installed throughout said addition and that the
streets in said addition be brought to grade acceptable to the Council of the City of Waterloo, Iowa, and that all
work above referred to be done under the supervision and direction of a civil engineer registered in the state of
Iowa, and
WHEREAS, Second Party is unable to complete the installation of said above referred to improvements
and the grading of the streets in said addition at this time and desire, in [ieu of completion of said improvements to
enter into this Agreement with the City of Waterloo, Iowa, providing for the completion of said improvements
within afixed period of time.
NOW THEREFORE, it is agreed as follows: that in consideration of the approval by the City Council of
the City of Waterloo, Iowa,of the above-described final plat, Second Parry at its sole expense, agrees to bring the
streets in said addition to such grade as is now or shall hereafter be established by the City Council and the City
Engineer of Waterloo, Iowa, and to install and construct throughout said addition the sanitary sewers, storm sewers,
curb and gutter,street paving and concrete sidewalks,all in accordance with the preliminary plat,heretofore filed
with the City Planning,Programming,and Zoning Commission and with the City Clerk of Waterloo, Iowa,and it is
further agreed that the actual construction of said improvements shall be done in the manner provided by law and in
accordance with City Ordinances pertaining thereto and under the supervision of a civil engineer registered in the
state of Iowa.
IT IS FURTHER AGREED,that concurrently with the execution of this Contract Second Party has
executed and caused to be filed with the City of Waterloo, Iowa, his request for sanitary sewer, storm sewer, curb
and gutter,street paving and sidewalk construction Petition and Waiver of Notice,Hearing and Assessments
thereon for the sole purpose of a.][owing the City of Waterloo to proceed to construct the said public improvements
and assess the costs thereof against the benefited property of the addition in the event that the Second Party fails to
comply with the provisions of this Contract.
I' ' 1S FURTHER AGREED,that said improvements shall be completed no later than the day of
A- , 20_91 and the City of Waterloo is hereby specifically authorized to proceed to have any
improvement covered by this Agreement completed any time after said date.
WITNESS our signatures hereto this day of ,20
CITY OF WATERLOO, IOWA
By: � By: .Quentin i-mt v
Mayor
ATTEST:
By: By: Kellen �elchle
City Clerk
SECOND PARTY FIRST PARTY