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Agenda 09/13/2016 R Item #16A12 16.A.12 09/13/2016 EXECUTIVE SUMMARY Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of $54,902 to Lennar Homes, LLC., which was posted as a guaranty for Excavation Permit Number PL20140002750 for work associated with Montiano at Treviso Bay. 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 Montiano at Treviso Bay, PL20140002750. The As-Built lake cross sections have been received and the lakes have 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 in the amount of$54,920 to Lennar Homes, LLC. Development Review 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 Security (PDF) Packet Pg. 542 16.A.12 09/13/2016 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.12 Item Summary: Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of$54,902 to Lennar Homes, LLC.,which was posted as a guaranty for Excavation Permit Number PL20140002750 for work associated with Montiano at Treviso Bay. Meeting Date: 09/13/2016 Prepared by: Title: Site Plans Reviewer, Senior—Growth Management Development Review Name: John Houldsworth 07/19/2016 11:06 AM Submitted by: Title: Project Manager, Principal—Growth Management Department Name: Matthew McLean 07/19/2016 11:06 AM Approved By: Review: Growth Management Department Judy Puig Level 1 Division Reviewer Completed 07/20/2016 9:26 AM Growth Management Department Matthew McLean Level 1 Add Division Reviewer Completed 07/22/2016 2:43 PM Growth Management Department Jeanne Marcella Level 2 Division Administrator Completed 08/03/2016 3:51 PM Growth Management Department James French Level 2 Add Division Reviewer Completed 08/03/2016 6:07 PM County Attorney's Office Scott Stone Level 2 Attorney Review Completed 08/15/2016 3:22 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 08/15/2016 4:07 PM County Attorneys Office Jeffrey A.Klatzkow Level 3 County Attorneys Office Review Completed 08/15/2016 4:52 PM Budget and Management Office Mark Isackson Level 3 OMB 1st Reviewer 1-4 Completed 08/22/2016 10:55 AM County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 08/27/2016 9:46 AM Board of County Commissioners MaryJo Brock Meeting Pending 09/13/2016 9:00 AM Packet Pg. 543 1 6.A.1 2.a L'*INTER L_. 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A OR' COMMUNITY 0 'T NAPLES MANOR .773 — !_ _' 25 S0 IIIG�, 2A 28 27 as } MIC i X l wG}5 "REE -O'.'5 CO 't � +G Ru: wH�ill-EGO }\y\ COVE Q 34 � 3s 33 c� 3124 -\,�.. 34 G 1 VINCFNTVJ� `., RESIDENCE �� O S Inbi WEh!'M1�RTJ E$TRT;.S MVL'G vICT !t �.•,� U � ,, O E_c J , r . 5 5 ( we \\,3 C \ ...LT 1..ah O 2 PROJECT I -R°" �'� U `f LOCATION AN°} NU _ -RESERVE` 1ie �� R' R3ENL' 0 to \ Z; ' =1 SE,V 'LAKES r \ �r) it SJLOHWOOO LOCATION MAP Packet Pg. 544 16.A.12.b MEMORANDUM Date: September 9, 2015 To: John Houldsworth, Senior Engineer Engineering Services Department From: Teresa Cannon, Deputy Clerk Minutes & Records Department Re: Excavation Performance Agreement & Performance Bond - °m Montiano o X Attached for your records is a copy of the agreement referenced above, w (Item #16F1-B) adopted by the Board of County Commissioners September 8, co 2015. If you need anything further, please feel free to contact me at 252-8411. Thank you. E L O a) a a) E U Attachment Packet Pg. 545 16.A.12.b EXCAVATION PERFORMANCE AGREEMENT THIS EXCAVATION PERFORMANCE AGREEMENT entered into this / 3 day of /L4, 0- ,20 I r betweenlenn&.r lJ . s uchereinafter referred to as "Developer," and the Board of County Commissioners of Collier County, Florida, hereinafter referred to as the "Board". WHEREAS, Developer has applied for an excavation permit in accordance with Section 22-106, et al. of the Collier County Code of Laws and Ordinances, and the Collier County Land Development Code, including but not limited to Section 3.05.10 (collectively, the "Excavation Regulations"); and WHEREAS, the Excavation Regulations require the Developer to post appropriate .� guarantees and execute an Excavation Performance Security Agreement statin applicant will comply with the Excavation Regulations and Excavation Permit No. PL201g0002750 (the "Excavation Permit"). 0 NOW, THEREFORE, in consideration of the foregoing premises and mutual covenants hereinafter set forth, Developer and the Board do hereby covenant and agree as follows: o Ti; 1. Developer agrees to comply with the Excavation Regulations and the Excavation Permit (the"Excavation Work"). 2. Developer herewith tenders its excavation performance security (attached hereto n as Exhibit "A" and by reference made a part hereof) in the amount of $ 54,920.00. •L 3. In the event of default by Developer or failure of Developer to complete the Excavation Work within the time required by the Excavation Regulations and U) Excavation Permit, Collier County, may call upon the excavation performance °; security to insure satisfactory completion of the Excavation Work. E 4. The Excavation Work shall not be considered complete until Developer notifies ,° the County that the Excavation Work is complete and the final Excavation Work d is reviewed and approved by the County Manager or designee for compliance with the Excavation Regulations. E 5. The County Manager or designee shall, within sixty (60) days of receipt of notification by Developer in writing that the Excavation Work is complete, eitherQ a) notify Developer in writing of his approval of the Excavation Work; or b) notify the Developer in writing of his refusal to approve the Excavation Work, therewith specifying those conditions which Developer must fulfill in order to obtain the County Manager's approval of the Excavation Work. 6. In the event Developer shall fail or neglect to fulfill its obligations under this Agreement, upon certification of such failure, the County Manager or designee may call upon the excavation performance security to secure satisfactory completion, repair and maintenance of the Excavation Work. The Board shall have the right to construct and maintain, or cause to be constructed or Packet Pg. 546 1 6.A.1 2.b maintained, pursuant to public advertisement and receipt and acceptance of bids, the Excavation Work. The Developer, as principal under the excavation performance security, shall be liable to pay and to indemnify the Board, upon completion of such construction, the final total cost to the Board thereof, including, but not limited to, engineering, legal and contingent costs, together with any damages, either direct or consequential, which the Board may sustain on account of the failure of Developer to 'fulfill all of the provisions of this Agreement. 7. All of the terms, covenants and condition herein contained are and shall be binding upon Developer and the resp ive successors and assigns of Developer. IN WITNESS WHEREOF, the Board and Develope ave cased this Agreement to be executed by their duly authorized representatives this 13n— ay of , c, s r ,20 i S. al o SJGNE iiE PRESENCE OF: -o (Name of Entity t v .otr µ`~'t 4 LLL o 0 c.� (,%//1--(1.05 / By: .o Printed ame Oor„n rticM-ITray / v,P, as j/ ,.�J� Printed Name/Title W (President, VP, or CEO) 00 Provide Proper Evidence of Authority) : der r ,6:ge) . Printed Name w E ATTEST: 0 BOARD OF COUNTY COMMISSIONERS cn DWIGkiT E.`B CK, CLERK N =.. OF COLLIER COUNTY, FLORIDA C RS wy fV— •-• /' o V . __.. ._ ,/ b '• By: / �iv�« . nei4 it h'irithan'S TIM- NANCE, CHAIRMAN • ,-° Pr:evA-LAt•v GAMQ. . _ a) •' . :kr.� r form and legality: s U lk. 11111 P�r,sJ.0, t 4` O 1 R�.nAQ -1...+a-e". 2 . . 5fmr,� (0c- -t-Vv.. C.>0 J(+i'±_�C%"GS r Lr Absuct►'L. a ssistant County Attorney e,ruao. , Pit v_lv5-4- c)..5, iS Approved in absentia per Resolution No. 2000-149 on Augu 25, 20 BY: 0 f 0.14 Leo E. Ochs, ., re ty Manager Packet Pg. 547 FIDELITY GUARANTY AND ACCEPTANCE CORP . 16.A.12.b 700 NW 107 AVENUE — SUITE 240 MIAMI , FLORIDA 33172 PHONE ( 305 ) 553-8724 IRREVOCABLE STANDBY LETTER OF CREDIT NO. FGAC-15181 ISSUER: FIDELITY GUARANTY AND ACCEPTANCE CORP.(HEREINAFTER"ISSUER") 700 NW 1071 11 AVENUE,SUITE E 240 MIAMI,FLORIDA 33172 PHONE(305)553-8724 DATE OF ISSUE: AUGUST 5.2(115 PLACE OF EXPIRY: A ISSUER'S COUNTERS LOCATED AT 700 NW 107 AVE,SUITE 240 MIAMI.FLORIDA 33172 DATE OF EXPIRY: TI IES CREDIT SHALL BE VALID UNTIL.AUGE!ST 5,2016, AND SHALL THEREAFTER BE AUTOMATICALLY RENEWED FOR SIECCESSIVE ONE-YEAR PERIODS ON THE ANNIVERSARY OF TI-IE ISSUE UNLESS AT LEAST SIXTY (60) DAYS PRIOR TO ANY SUCH ANNIVERSARY DATE, THE ISSUER NOTIFIES THE BENEFICIARY IN WRITING BY REGISTERED MAIL THAT THE ISSUER ELECTS NOT TO RENEW THIS CREDIT. c 0 APPLICANT: LENNAR HOMES.LLC.(HEREINAFTER"DEVELOPER") 2 10481 SIX MILE CYPRESS PARKWAY V FORT MYERS, FLORIDA 33966 CO BENEFICIARY: THE BOARD OF COUNTY COMMISSIONERS.COLLIER COUNTY,FLORIDA (HEREINAFTER"BENEFICIARY") ,, C/O GROWTH MANAGEMENT DEPARTMENT 2800 NORTH HORSESHOE DRIVE ca NAPLES,FL 34104 AMOUNT: UP TO AN AGGREGATE AMOUNT OF $54,920.00 (FIFTY FOUR 'THOUSAND NINE °o HUNDRED TWENTY AND 00/100 US DOLLARS) c RE: TREVISO BAY--MONTIANO > (LAKE EXCAVATION) U CRFDI"E AVA[I.,ABL.F. co WITH: ISSUER 0 o c BY: PAYMENT AGAINST DOCUMENTS DETAILED HEREIN AND BENEFICIARY'S DRAFTS AT SIGHT DRAWN ON THE ISSUER. DOCUMENTS REQUIRED, AVAILABLE BY BENEFICIARY'S DRAFT(S) AT SIGHT DRAWN ON THE ISSUER AND o a PRESENTED AT PLACE OF EXPIRY ACCOMPANIED BY BENEFICIARY'S STATEMENT PURPORTEDLY MANUALLY SIGNED AND DATED BY 'HIE COUNTY MANAGER. OR IRS DESIGNEE.,CERTIFYING 0 A. (I) "DEVELOPER HAS FAILED 10 CONSTRUCT AND/OR MAIN"1AIN THE, EXCAVATION IMPROVEMENTS ASSOCIATED WITH EXCAVATION PERMIT NO. P1.20Ik002750, OR PRIOR TO EIIE DATE OF EXPIRY FINAL cvo APPROVAL OF THE EXCAVATION HAS NOT BEEN GRANTED BY COLLIER COUNTY AS REQUIRED BY COLLIER COUNTY ORDINANCES AND RESOLUTIONS. AND TTHE APPLICANT FAILED TO PROVIDE THE COUNTY WITH A SATISFACTORY ALTERNATIVE PERFORMANCE SECURITY: (II) DEVELOPER HAS HIEN GIVEN WRITTEN NOTICE DESCRIBING THE EVENT OR CONDITION OF SUCH DEFAULT N REASONABLE 1)1 FAIL. BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED: AND (III) THE DEEAUL HAS NOT BEEN CURED WITHIN THE CI IRE PERIOD PROVIDED FOR THEREIN, IF ANY:" OR 13. "IT IS LESS TI-IAN 15 DAYS PRIOR TO TILE DATE OF EXPIRY. 'IIF APPLICANT HAS FAILED TO COMPLETE THE REQUIRED FINAL, ACCEPTANCE PROCEDURES AS REQUIRED BY TILE COLLIER COUNTY UTILITY STANDARDS AND PROCFDURES ORDINANCE, AND THE APPLICANT I IAS FAILED TO PROVIDE THE COUNTY WITH SATISFACTORY ALTERNATIVE PERFORMANCE SECURITY AS REQUIRED 13Y THAT ORDINANCE." r Packet Pg. 548 FIDELITY GUARANTY AND ACCEPTANCE CORP . 16.A.12.b 700 NW 107 AVENUE. — SUITE 240 MIAMI , FLORIDA 33172 PHONE (305) 553 -8724 � . IIIIS IS AN IN TEGRAL PARI OF I,E"ITER OF CREDIT.NO.FOAL-15 181 PAGE 2 DRAFT'S) DRAWN UNDER TTTIS LETTER OF CREDIT SHALL BE MARKED: "DRAWN UNDER FIDEI,I1'Y GUARANTY AND ACCEPTANCE CORP. CREDIT NO. FGAC-15181. DM ED AUGUST 5, 201 " AND MUST BE ACCOMPANIED BY THIS ORIGINAL LETTER OF CREDIT AND ALL ORIGINAL AMENDMENTS. IF ANY. FOR PROPER ENDORSEMENT. THIS LETTER OF CREDIT SETS FORTH IN FULL. TETE TERMS OF THE ISSUERS UNDERTAKING, AND SUCH UNDERTAKING SHALL NOT IN ANY WAY BE MODIFIED, AMENDED, OR AMPLIFIED BY REFERENCE TO ANY DOCUMENT. INSTRUMENT. OR AGREEMENT REFERENCED TO HEREIN OR IN WHICI I THIS LETTER OF CREDIT RELATES, AND ANY SUCH REFERENCE SHALL NOT BE DEEMED TO INCORPORATE HEREIN BY REFERENCE ANY DOCUMENT,INSTRUMENT OR AGREEMENT. ISSUER HEREBY ENGAGES WITH BENEFICIARY THAT DRAFT(S) DRAWN UNDER AND IN COMPLIANCE W I TR THE TERMS AND CONDITIONS OF THIS CREDIT WILL BE DULY HONORED BY ISSUER IF PRESENTED WITHIN �° THE VALIDITY OF THIS CREDIT TOGETHER WITH THE DOCUMEN FS REQUIRED HEREIN AT TT IE PLACE OF 0 EXPIRY PRIOR TO 400 P.M. EST.ON OR PRIOR TO T'HE DACE OF EXPIRY. TH1S CREDIT IS SUBJECT TO THE. UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (2007 0 REVISION)INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO.600. CO c 0 FIDELITY GUARANTY AND ACCEPTANCE CORP. K , W co .IACQU, F. .'OUZ VICE PRESIDENT ' coil" V Packet Pg. 549