Agenda 06/28/2016 Item #16A 1 6/28/2016 16.A.1.
EXECUTIVE SUMMARY
Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of
$357,504 which was posted as a guaranty for Excavation Permit Number 60.116, PL20140000514
for work associated with Temple Citrus Grove.
OBJECTIVE: To release a security which was posted as a development guaranty.
CONSIDERATIONS: The Development Review Division routinely accepts securities
administratively as guaranties for developer commitments in accordance with Section 22-115 of
the Collier County Code of Ordinances. The work associated with this security has been
inspected and the developer has fulfilled his commitments with respect to this security. The
Performance Bond was posted as security for an Excavation Permit associated with Temple
Citrus Grove (PL20140000514). The As-Built lake cross sections have been received and the
lakes have been inspected by staff.
FISCAL IMPACT: There is no fiscal impact associated with this Executive Summary.
GROWTH MANAGEMENT IMPACT: There is no growth management impact
associated with this Executive Summary.
LEGAL CONSIDERATIONS: This item has been approved as to form and legality, and
requires a majority vote for Board approval.- SAS
RECOMMENDATION: To authorize the Clerk of Courts to release the Performance Bond
No. 964119210 in the amount of$357,504. Staff will issue a Memorandum to the Clerk of
Courts upon approval of this item by the Board of County Commissioners, advising the Clerk
of this action.
Prepared by: John Houldsworth, Senior Site Plans Reviewer, Development Review Division,
Growth Management Department
Attachments:
1)Location Map
2)Copy of Performance Bond
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6/28/2016 16.A.1 .
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.16.A.16.A.1.
Item Summary: Recommendation to authorize the Clerk of Courts to release a
Performance Bond in the amount of$357,504 which was posted as a guaranty for Excavation
Permit Number 60.116, (PL20140000514)for work associated with Temple Citrus Grove.
Meeting Date: 6/28/2016
Prepared By
Name: HouldsworthJohn
Title: Site Plans Reviewer, Senior,Development Review
5/11/2016 2:26:10 PM
Approved By
Name: PuigJudy
Title: Operations Analyst, Operations&Regulatory Management
Date: 5/18/2016 1:50:17 PM
Name: PuigJudy
Title: Operations Analyst, Operations&Regulatory Management
Date: 5/18/2016 1:50:51 PM
Name: McLeanMatthew
Title: Project Manager,Principal,Development Review
Date: 5/18/2016 2:58:59 PM
Name: WilkisonDavid
Title: Department Head-Growth Management Dept, Growth Management Department
Date: 5/21/2016 9:57:04 AM
Name: FrenchJames
Title:Deputy Department Head-GMD, Growth Management Department
Date: 5/26/2016 4:24:3 5 PM
Name: StoneScott
Title:Assistant County Attorney,CAO Land Use/Transportation
Date: 5/31/2016 1:58:12 PM
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6/28/2016 16.A.1 .
Name: KlatzkowJeff
Title: County Attorney,
Date: 6/2/2016 11:45:04 AM
Name: IsacksonMark
Title: Division Director-Corp Fin&Mgmt Svc, Office of Management&Budget
Date: 6/15/2016 10:09:56 AM
Name: CasalanguidaNick
Title: Deputy County Manager, County Managers Office
Date: 6/16/2016 11:01:32 AM
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6/28/2016 16.A.1 .
VANDERBILT BEACH ROAD
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6/28/2016 16.A.1 .
PERFORMANCE BOND
FOR EXCAVATION WORK
Bond No.964119210
KNOW ALL PERSONS-ay THESE PRESENTS:that
Naples Associates V,LLLP
1800 Sawgrass Corporate Parkway,4'"Floor
Sunrise,FL 33023
(hereinafter referred to as"Owner)and.
LtbertyMutual Insurance Company
9850 NW 41't Street,Suite 100
Miami,FL 33178
(hereinafter referred to as"Surety")are held and firmly bound unto Collier County.Florida,(hereinafter
referred to as"County')in the total aggregate sum of Three Hundred Fifty Seven Thousand Five Hundred
Four and nof400 Dollars($357,504.00)in lawful money of the United States,for the payment of which
sum well and truly to be made,we bind ourselves,Our heirs,executors,administrators,successors and
assigns,jointly and severally,tar*by these presents.Owner and Surety are used for singular or plural,
as the context requires.
THE CONDITION OF THIS OBLIGATION is such that whereas,the Owner has submitted for approval by
the Board a certain excavation permit no.PL2014-0514`further described as Temple Citrus Grove for
Lake Excavation and that certain excavation permit shall include specific improvements which are
required by Collier County Ordinances and Resolutions,(hereinafter"Lanai Development Regulations").
This obligation of the Surety shall commence on the date this Bond Is executed and shall continue until
the date of completion of the work ands approval by the County of the specific improvements described in
the Land Development Regulations(hereinafter the"Guaranty Period"),or until replaced by new bond in
the event of a change in ownership.
NOW,THEREFORE,If the Owner shall well,truly and faithfully perform its obligations and duties in
accordance with the Land Development Regulations during the guaranty period established by the
County.and the Owner shall satisfy all claims and demands incurred and shall fully indemnify and save
harmless the County from and against all costs and damages which It may suffer by reason of Owner's.
failure to do so,and shall reimburse and repay the County all outlay and expense which the County may
Incur in making good any default,then this obligation shall be void,otherwise to remain in full force and
effect.
PROVIDED,FURTHER,that the said Surety,for value received hereby,stipulates and agrees that
no change,extension of time,alteration,addition or deletion to the proposed specific improvements shall
in any way affect its obligation on this Bond, and it does hereby waive notice of any such change,
extension of time,alteration..addition or deletion to the;proposed specific improvements.
PROVIDED FURTHER, that ft is expressly agreed that the Bond shall be deemed amended
automatically and Immediately,without formal and separate amendments hereto,so as to bind the Owner
and the Surety to the full and faithful performance in accordance with the.Land Development Regulations.
The term 'Amendment." wherever used in this.Bond, and whether referring to this Bond. or other
documents shall include any alteration,addition or modification of any character whatsoever.
IN WITNESS WHEREOF, the parties hereto have caused this PERFORMANCE BOND to be
executed this 3rd day of June,2014.
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6/28/2016 16.A.1 .
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Witnesses: Naples Associates v.;-UN by:
t—Ns,
Napleg.,.,; .. ; on Its GeneraiPartner
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Printed.Name; gaits s.tedes
C .-"Nte.--.....„::_, N.Maria MenendezVice President
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Printed Name/Title
Printed Name; • • "7, C rttarr-•.;,, (Provide Proper Evidence of Authority)A-440, '
ACKNOWLEDGEMENT
STATE OF Florida
COUNTY OF t3rowanti
THE FOREGOING PERFORMANCE BOND WAS ACKNOWLEDGED BEFORE ME.THIS IV DAY OF
bagg,2014,BY N,Maria Menendez.AS Vice President OF Navies V corporation WHO IS PERSONALLY
KNOWN TO ME,OR HAS PRODUCED nil AS IDENTIFICATION,
Notary Public-State of Florida l ',...•.,„ OPROLYPic.IceNsi
Printed Na . ' koisk 0:•-ct ,,,Ti..,,,,,f.
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L:4;1;.,:1,. gomwmomov *wow.
WITNESSES: Liberty Mutual Insurance Company
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(Corporate Seal)
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nted Name- Q.*' az.. ,
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._ .-"411. ' D.A.Bells,Attorney-in-Fact and Resident Agent
Printed Name/Title
P. t-' Name:
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ACKNOWLEDGMENT
STATE OF Florida
COUNTY OF Palm Beach
THE FOREGOING PERFORMANCE BOND WASACKNOWLEDGED BEFORE ME THIS ard DAY OF
June, 20j BY DA Bells AS Attgaigftlittig2t OF Liberty Mutual Insurance Company WHO IS
PERSONALLY KNOWN TO ME,OR HAS PRODUCED da AS IDENTIFICATION.
Notary Public-:State of Florida
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itt.. N.VII Asian
Printed Name
fir 'aficsotspoNetE12601
AUG.id,2015
NAV wex ORONNOuntsint
14-E1S-026$0/7
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