7/25/2011 11:43:30 AM
7/25/2011 11:43:29 AM
City of Clive
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• <br /> • <br /> • <br /> PARTIAL SATISFACTION <br /> RECITALS <br /> A. Mid America Investment Co. ( "Mid America ") and the City of Clive, Iowa <br /> ( "City") entered into one certain Sidewalk Construction Agreement and <br /> Petition and Waiver dated August 31, 1989 and filed September 13, 1989 in <br /> Book 6147 at Page 584 of the Polk County, Iowa records ("Agreement"), <br /> which Agreement was approved by Resolution of the City at the City Council <br /> meeting on August 31, 1989. <br /> B. Mid America has submitted in connection with the platting of THE <br /> WOODLANDS PLAT NO. 2 a sidewalk improvement bond to the City in <br /> the amount of $27,000, which has been accepted by the City as sufficient <br /> provision for payment to the City in accordance with the Agreement as it <br /> relates to THE WOODLANDS PLAT NO. 2. <br /> NOW, THEREFORE, the City hereby acknowledges that Mid America has made <br /> sufficient provision for payment pursuant to the Agreement as it relates to the property <br /> platted as THE WOODLANDS PLAT NO. 2; and, accordingly, City hereby acknowledges <br /> that the obligations of Mid America under the Agreement as it relates to THE <br /> WOODLANDS PLAT NO. 2 are satisfied and that the real property described as THE <br /> WOODLANDS PLAT NO. 2 is hereby released from the obligations and provisions of the <br /> Agreement. Except as with respect to the property described as THE WOODLANDS <br /> PLAT NO. 2, and other property for which the City has given written partial satisfaction, <br /> the Agreement remains in full force and effect and unchanged. <br /> Dated this day of , 1991. <br /> CITY OF CLIVE <br /> By <br /> O. Gene Maddox, Mayor <br /> ATTEST: <br /> Marjorie S. Roberts, City Clerk <br />
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