Agenda 09/26/2017 Item #16A3809/26/2017
EXECUTIVE SUMMARY
Recommendation to authorize the Clerk of Courts to release Irrevocable Standby Letter of Credit
No. FGAC-15118 in the amount of $12,660, which was posted as a guaranty for work associated
with Casoria at Treviso Bay, Site Development Plan (SDP) PL20140000605.
____________________________________________________________________________________
OBJECTIVE: To release a security which was posted as a development guaranty.
CONSIDERATIONS: The Growth Management Department 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 subject security was
provided for work associated with a planned residential project within the Wentworth Estates PUD. The
Letter of Credit was posted as security for remaining perimeter landscape improvements withi n the
Casoria SDP. The landscape improvements have received a satisfactory inspection by the Development
Review Division.
FISCAL IMPACT: There is no fiscal impact associated with this action.
GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this
action.
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 Letter of Credit No. FGAC -15118
in the amount of $12,660. Development Review 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
ATTACHMENT(S)
1. Location Map (PDF)
2. Letter of Credit (PDF)
16.A.38
Packet Pg. 1003
09/26/2017
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.A.38
Doc ID: 3491
Item Summary: Recommendation to authorize the Clerk of Courts to release Irrevocable Standby
Letter of Credit No. FGAC-15118 in the amount of $12,660, which was posted as a guaranty for work
associated with Casoria at Treviso Bay, Site Development Plan (SDP) PL20140000605.
Meeting Date: 09/26/2017
Prepared by:
Title: Site Plans Reviewer, Senior – Growth Management Development Review
Name: John Houldsworth
07/13/2017 9:05 AM
Submitted by:
Title: Project Manager, Principal – Growth Management Department
Name: Matthew McLean
07/13/2017 9:05 AM
Approved By:
Review:
Growth Management Development Review Brett Rosenblum Additional Reviewer Completed 07/18/2017 8:03 AM
Growth Management Department Judy Puig Level 1 Division Reviewer Completed 07/19/2017 2:25 PM
Growth Management Development Review Chris Scott Additional Reviewer Completed 08/03/2017 4:56 PM
Growth Management Department Matthew McLean Additional Reviewer Completed 08/04/2017 10:42 AM
Growth Management Department John Houldsworth Level 2 Division Administrator Skipped 07/13/2017 8:54 AM
County Attorney's Office Scott Stone Level 2 Attorney Review Completed 08/08/2017 11:36 AM
Growth Management Department James French Additional Reviewer Completed 08/15/2017 10:39 AM
Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 08/15/2017 11:32 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 08/15/2017 2:37 PM
Budget and Management Office Mark Isackson Additional Reviewer Completed 08/21/2017 11:24 AM
County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 08/24/2017 4:25 PM
Board of County Commissioners Michael Cox Meeting Completed 09/12/2017 9:00 AM
16.A.38
Packet Pg. 1004
16.A.38.a
Packet Pg. 1005 Attachment: Location Map (3491 : Bond Release Casoria at Treviso Bay)
FIDELITY GUARANTY AND ACCEPTANCE CORP.
7OO NW 107 AVENUE - SUITE 24A
MIAMI, FLORIDA 33172
PHONE (305)553-8724
IRRI.,VOC,A"BLL STA\DI]Y I,L'I ]"t.,R O[ C]RI]DI I NO. I'C.A,C.I5 I III
ISSIJI:lR:t;ll)[.[-11 \' (;U \RAN l\' ANI) ICCL,PTANCIj CORP. (llEltEI\,\[1 L.R "lSSt rHIt")
;00 \\\' l0?rH A\.il\(.I:- st.rll H 240
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PLACF, OF EXPIRY
DA E OF EXPIRY:
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THIS CRF]DI'I SITALL BE VAI,ID L]N]]L JUNE 24.20I7. AND SHAI,I,'I}IEREAI."I'ER BE
AT]'IOMATICAI,LY RHNEWED FOR SUCCESSIVE ONE-YEAI{ PERIOI}S ON TI'II'
N}\INIVERSARY OT "fHI] ISSUE I.INL,F,SS AT LEAST SIX] Y (60) I)AYS PzuOR I.O ANY
SUCII ANNIVERSARY DATE. l-HE ISSUER NOTITIES THE BENlrl'ICIARY II,i WRITING
BY REGISI'LRITD MAIL THAT l HIl lSStlER ELECI'S NOl"TO RENEW TIIIS CRtrDlT.
APPL]CAN'I:LENN AR HOM F]S. LLC, ( } IEREINAF'TER''D[V F,I.OPI-]R')
IO48I SIX MfI.I-: CYPRESS PARKWAY
I.'ORT MYERS. FLORIDA 33966
IllrNli.ljlClAItY I{E BOARD OI. C]OUNTY COMM]SSIONh,ItS. COLLIER COUNTY. FLORIDA
0{EREINAFTER "BFr\rln CIARY")
('i O I.,NG IN I." F,RT}IG ..l.NI) N ATU RAL RESO LJ R(IES
]8OO NORTFI TIORSESIIOE DRryF]
NAPI,ES. i,I,34I04
.{\40UN l':tJP'l'O AN AGGRHGAIB AMOUN'I'OF $12.660.00 (l'wELVIl'I'HOUSAND SIX IILINDRED
SIXTY AND OO/iOO US DOLI,ARS)
TREVISO I}AY _ CASORIA
(LANDSCN PING)
CREDIT AVAILAIII-E
WITTI:ISSTJER
BY: PAYIVIENI' AGAII{ST DOCUMENTS DI-.]AIL]']D HEREIN AND IILINEF'ICIARY'S DRAF I-S
n]' SIGHT DRA\VN 0N'lHE ISSI-J[,I{.
DOCLIIvIENTS REQI.IIRED: AVAII-AIIl.E BY BENI-TFICIARY'S DRA|T(S) AT SICIIT DRA\IN ON TIfE ISSLTER ,\NI)
PREST-)NIID nT PLACE OF EXPIRY ACCOMPANIED BY BENI']FICIARY'S S]'ATEMF,NT PLIRPORTEDLY
MANUALLY SIGNE]I) AND DA'I'I.,D BY THE C]OUNTY MANAGI.,R. OR HIS DESIGNEB. CERTIFYTNG'I'[IAT:
,\- (l) "l)LVLl-t-ttl1:lt IIAS l,Att.l:D l'() ('Ol\Sfl{tirlf ANDIOR IvlAiN'fAIN THE StJBDIVISION IMPROVEMENTS
ASSocIAt-[D \\'llll l.ll,,\l clilt'l;\lN J'l".,\-l Ol'A SUBDIVISION KNOWN AS TRAVISO BAY-CASORIA AS
l{11(J1,[(ljt} i]y ('ot_t_lrrt{ (()t:N't\' oRt)INAN('lis AND RESOLUTIONS (THE ''LA\D DEVELOPIVIENI'
Rf(it,l..\flONS"l: {lt) DIlVtil{)PljR Il;\5 Btlll*.. GIVEN WRITTEN NOTICII DESCIiIBNG THE EVENT OII
(.'ONDI]l()N OI; St;fll Dl':fA(rl.I lN ltll\SONnllLE. DE'fnL BY CEITTIFIED !vl^ll-. RETLTRN RECEIPT
REQUES'rED: AND (ilt) Tr-rF DEFAULT I{AS NOr BHEN C:URED WITHIN THE CURE PTIRIOD PROVII)ED FOR
THF]REIN. IF AN\':''
..IT IS LESS l-FI"\N I5 DAYS PR]OR 'I'O -t'I{E DA]'E oF EXPIRY. 'fHE APPI,ICA\T HAS FAII-ED TO COMPLETE
THI REe1.TIRED ftNAL ACCEpl,\NCE IRoCEDURES AS REQI.IIRED BY THI] CoLLIFllr CO[TNT]'trTILifY
S1,\NDAIIDS AND PROCEDURI]S ORDINANCH. AND ]"I]E A?PI.ICANT HAS ITAILED 1'O PROVIDE'THE
C]O(]NIY WI'III SATIST.ACIORY NLI'ERNAI'IVF, PERTTORMANCE SECIJRITY AS ITEQUIRI-D I}Y THA]
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A'I'ISSL]ER'S COTINI'I-]RS LOCATF,D A]'7OO NW i07 AVI]. SUII F, 240
Ir4li\Ml. FLORIDA 33 1 72
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16.A.38.b
Packet Pg. 1006 Attachment: Letter of Credit (3491 : Bond Release Casoria at Treviso Bay)
FIDELITY GUARANTY AND ACCEPTANCE CORP.
iOO NW 107 AVENUE _ SUITE 240
MIAMI. FLORIDA 33172pHoNE (305)553-8724 T
THIS i,T,TTNN OF CREDIT SETS FORTH IN FULL THE TERMS OF THE ISSU.ERiS LNDE.BTAKINS,.AND. SUC,H,,
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16.A.38.b
Packet Pg. 1007 Attachment: Letter of Credit (3491 : Bond Release Casoria at Treviso Bay)