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Agenda 09/27/2016 Item #16A 4 16.A.4 09/27/2016 EXECUTIVE SUMMARY Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of $7,997, to Toll Brothers, Inc., which was posted as a guaranty for Site Development Plan (SDP) Number AR-8928 for work associated with Firano at Naples Clubhouse. 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 10.02.03 D.5.b of the Collier County Land Development Code. 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 final paving associated with the Clubhouse site. The final paving has been completed by the developer and has been inspected by the Development Review Division. 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. 6596294, in the amount of$7,997 to Toll Brothers, Inc. 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 ATTACHMENT(S) 1. Location Map (PDF) 2. Performance Bond (PDF) I Packet Pg.430 1 6.A.4 09/27/2016 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.4 Item Summary: Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of$7,997,to Toll Brothers, Inc., which was posted as a guaranty for Site Development Plan (SDP)Number AR-8928 for work associated with Firano at Naples Clubhouse. Meeting Date: 09/27/2016 Prepared by: Title: Site Plans Reviewer, Senior—Growth Management Development Review Name: John Houldsworth 08/17/2016 8:18 AM Submitted by: Title: Project Manager, Principal—Growth Management Department Name: Matthew McLean 08/17/2016 8:18 AM Approved By: Review: Growth Management Department Judy Puig Level 1 Division Reviewer Completed 08/17/2016 10:15 AM Growth Management Department Matthew McLean Level 1 Add Division Reviewer Completed 08/23/2016 10:20 AM Growth Management Department James French Level 2 Add Division Reviewer Completed 08/23/2016 4:36 PM Growth Management Department Jeanne Marcella Level 2 Division Administrator Completed 09/06/2016 1:03 PM County Attorneys Office Scott Stone Level 2 Attorney Review Completed 09/07/2016 1:05 PM County Attorneys Office Jeffrey A.Klatzkow Level 3 County Attorneys Office Review Completed 09/07/2016 1:19 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 09/07/2016 4:12 PM Budget and Management Office Mark Isackson Level 3 OMB 1st Reviewer 1-4 Completed 09/13/2016 2:53 PM County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 09/18/2016 8:02 PM Board of County Commissioners MaryJo Brock Meeting Pending 09/27/2016 9:00 AM I Packet Pg.431 ns (asnoucinio oue.qd puog das : ZZ81,) dew uoneool 4uatuqoa;lv CNI et 01 < , et CD i C - D--- Q. 4t / cu - — - -- --- ---- 0 r a 0(7) o 4 o ilii LU ,, , , , I- -–- r-- v 1 S' .... , (4 I . 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COLLIER COUNTY LAND DEVELOPMENT CODE PERFORMANCE BOND BOND#6596294 KNOW ALL PERSONS BY THESE PRESENTS: that TOLL FL VI LIMITED PARTNERSHIP,A Limited Partnership owned by wholly-owned subsidiaries of Toll Brothers Inc.,250 Gibraltar Road, Horsham, PA 19044 (hereinafter referred to as"Owner")and SAFECO INSURANCE COMPANY OF AMERICA, 1767 Sentry'Parkway West, Blue Bell, PA 19422,(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 SEVEN THOUSAND NINE HUNDRED NINETY SEVEN AND 001100 Dollars(S7,997.00)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, firmly 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 subdivision plat named Firano at Naples and that certain subdivision shall include specific improvements which Z. u) are required by Collier County Ordinances and Resolutions (hereinafter "Land Development Regulations"). This m obligation of the Surety shall commence on the date this Bond is executed and shall continue until the date of final o acceptance by the Board of County Commissioners of the specific improvements described in the Land Development _a = Regulations(hereinafter the"Guaranty Period") 5 o NOW, THEREFORE, if the Owner shall well,truly and faithfully perform its obligations and duties in accordance with ca the Land Development Regulations during the guaranty period established by the County,and the Owner shall satisfy all it -es claims and demands incurred and shall fully indemnify and save harmless the County from and against all costs and c damages which it may suffer by reason of Owner's failure to do so, and shall reimburse and repay the County all outlay o co and expense which the County may incur in making good any default, then this obligation shall be void, otherwise to a. remain in full force and effect. 0 cn .. 01 PROVIDED, FURTHER, that the said Surety, for value received hereby,stipulates and agrees that no change,extension c..1 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 -a proposed specific improvements. c o 0 PROVIDED FURTHER, that it is expressly agreed that the Bond shall be deemed amended automatically and a) a c immediately, without formal and separate amendments hereto, so as to bind the Owner and the Surety to the full and ca faithful performance in accordance with the Land Development Regulations. The term "Amendment,"wherever used in E this Bond, and whether referring to this Bond, or other documents shall include any alteration, addition or modification '6 of any character whatsoever, t a. .4; IN WITNESS WHEREOF,the parties hereto have caused this PERFORMANCE BOND to be executed this I ST day of c JUNE,2009. E _a 2 WITNESS: TOLL FL VI LIMITED PARTNERSHIP Zi BY:TOLL FL,GP CORP. WITNESS: SAFECO INSURANCE COMPANY OF AMERICA tet:,„— _ Lois E. Eshlem.n- Witness qamel P. Dunigan—Attorn: - -F (notary and acknowledgment for both Owner and Surety required) Packet Pg.433 16.A.4.b ACKNOWLEDGEMENT OF PRINCIPAL(S) STATE OF COUNTY OF I, Notary Public in and for the State and County Aforesaid, do hereby certify that N Whose name is signed to the foregoing bond, this day did personally appear before me in my State and County aforesaid and acknowledged the same. Given under my hand this day of My commission expires: Notary Public 0 coa C' c c. ACKNOWLEDGEMENT OF CORPORATE SURETY(s) 0 m STATE OF PENNSYLVANIA COUNTY OF CHESTER 1:4.52 I, ARLENE OSTROFF Notary Public in and for the State and County aforesaid, do hereby certify that DANIEL P. DUNICAN 0i Attorney-In-Fact for the SAFECO INSURANCE COMPANY OF AMERICA Whose name is signed to the foregoing bond, this day personally appeared w before me in my State and County aforesaid and acknowledged the same. a Given under my hand this 1ST day of JUNE 2009 . My commission expires: 12/03/2012 (2L'Ag?, 91/1 , f ,-' Notary Publi u M M AN WEALTH OF P£t$YLYANiA NOTARIAL SEAL ARLENE OSTROFF,NQ Pic My Can Wilistow n1vhes .,C ter COY D 3,2012 1 Packet Pq.434 16.A.4.b - Safeco Insurance Company of America Ge" c `f Liberty POWER 1001 neral Ague nce Company or America • r''r % MUtu il. OF ATTORNEY Suite 17WA98154 No. 9542 KNOW ALL BY THESE PRESENTS: That SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA, each a Washington corporation,does each hereby appoint "***"***WILLIAM F.SIMKISS;DANIEL P.DUNIGAN;RICHARD J.DECKER;BRIAN C.BLOCK;JOSEPH W.KOLOK,JR.; JAMES L.HAHN;Paoli,Pennsylvania"******"*'"****"****"*"**********"***"***"",***"***.*******"*** "".**+F**,. its true and lawful attomey(sHn-fact,with full authority to execute on its behalf fidelity and surety bonds or undertakings and other documents of a similar character issued in the course of its business,and to bind the respective company thereby. IN WITNESS WHEREOF, SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF au AMERICA have each executed and attested these presents = O 21st March . 2009 .a this day of U Lx* kill ° Dexter R.Legg,Secretary Timothy A.Mikotajewskl,Vice President 0 CERTIFICATE O Extract from the By-Laws of SAFECO INSURANCE COMPANY OF AMERICA CO and of GENERAL INSURANCE COMPANY OF AMERICA: n. 0 'Article V,Section 13.-FIDELITY AND SURETY BONDS...the President,any Vice President,the Secretary,and any Assistant Vice CO President appointed for that purpose by the officer in charge of surety operations,shall each have authority to appoint individuals as attorneys-in-fact or under other appropriate titles with authority to execute on behalf of the company fidelity and surety bonds and cv other documents of similar character issued by the company in the course of its business...On any instrument making or evidencing co such appointment, the signatures may be affixed by facsimile. On any instrument conferring such authority or on any bond or undertaking of the company, the seat, or a facsimile thereof, may be impressed or affixed or in any other manner reproduced; 'C provided,however,that the seal shall not be necessary to the validity of any such instrument or undertaking." e O Extract from a Resolution of the Board of Directors of SAFECO INSURANCE COMPANY OF AMERICA 03 and of GENERAL INSURANCE COMPANY OF AMERICA adopted July 28,1970. au U c 'On any certificate executed by the Secretary or an assistant secretary of the Company setting out, ctt (i) The provisions of Article V,Section 13 of the By-Laws,and E (ii) A copy of the power-of-attorney appointment,executed pursuant thereto,and O (iii) Certifying that said power-of-attorney appointment is in full force and effect, m the signature of the certifying officer may be by facsimile,and the seal of the Company may be a facsimile thereof." n. I,Dexter R.Legg Secretary of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY c OF AMERICA,do hereby certify that the foregoing extracts of the By-laws and of a Resolution of the Board of Dttectrxs of these O corporations,and of a Power of Attorney issued pursuant thereto,are true and correct,and that both the By-Laws,the Resolution and the - Power of Attorney areforce still in full and effect. c.) IN WITNESS WHEREOF.I have hereunto set my hand and affixed the facsimile seal of said corporation Q this 1ST day of JUNE ' 2009 e,-1-: fECO% SEAL 1 i SE I X* . x kill \s",.....4954:001. ` 1.241 — 'We/04 Dexter R.Legg,Secretary 5-0974/DS 3109 WEB PDF I Packet Pg.435 16.A.4.b VA?' Liberty SAFECO INSURANCE COMPANY OF AMERICA #''te MI.1 tuaL FINANCIAL STATEMENT—DECEMBER 31,2003 Assets Liabilities Cash and Bank Deposits...................................... S 267,363,750 Unearned Premiums. S 666,660,985 *Bonds—U.S Government 13,359,352 Reserve for Claims and Claims Expense 1,577,767,462 Funds Held Under Reinsurance Treaties. 430,979 *Other Bonds 2'353'9°6,395 Reserve for Dividends to Policyholders 2,164,985 *Stocks 281,831,749 Additional Statutory Reserve Real Estate 0 Reserve for Commissions,Taxes and Other Liabilities 935,383360 Agents'Balances or Uncollected Premiums............... 557,216,809 Total S3,128,407,771 Accrued Interest and Rents 34,037,369 Special Surplus Funds...... S 3,399,995 Other Admitted Assets......................................... 444,517.784 Capital Stock. 5,000,000 Paid in Surplus 346,118,108 Unassigned Surplus.. 415307334 .0 Total Admitted Assets. 53952231,2M Surplus to Policyholders. 769325A37 2 Total Liabilides and Surplus---------- =anus .e3 2 as Bonds arc stated at amortized or investment value;Stocks at Association Market Values. • 44` Securities carried at 5113,984,922 Ire deposited as required by law. SEAL 0_ 40, 19:040 Fcc, I,TIM MIKOLAJEWSKI,Vicc-President of SAFECO Insurance Company of America,do hereby certify that the foregoing is a true,and correct statement of the Assets and Liabilities of said Corporation,as of December 31,2008,to the best of my knowledge and belief. IN WITNESS WHEREOF,I have hereunto set my hand and affixed the seal of said Corporation at Seattle,Washington,this 1st day of 0 March,2009, CO Vice-President ';E; Coci E £3-12622 3'09 I Packet Pg.436 I