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Agenda 12/09/2014 Item #16A 8 12/9/2014 16.A.8. EXECUTIVE SUMMARY Recommendation to authorize the Clerk of Courts to release Letter of Credit No. FGAC 13263 in the amount of $93,540 which was posted as a guaranty for Excavation Permit Number 59.917-3, (PL20130001215)for work associated with Giaveno at Treviso Bay. OBJECTIVE: To release a security which was posted as a development guaranty. CONSIDERATIONS: Engineering Services 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 subject security was provided for work associated with a planned residential project within Wentworth Estates, Ord. 13-45, as amended. The Letter of Credit was posted as security for an Excavation Permit associated with Giaveno at Treviso Bay (PL20130001215). The As-Built lake cross sections have been received and the lakes have been inspected by Engineering Services. 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: That the Board of County Commissioners authorizes the Clerk of Courts to release Letter of Credit No. FGAC 13263 in the amount of $93,540.00. Engineering Services 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, Growth Management Division Attachment: 1) Copy of Letter of Credit Packet Page-949- 12/9/2014 16.A.8. COLLIER COUNTY Board of County Commissioners Item Number: 16.16.A.16.A.8. Item Summary: Recommendation to authorize the Clerk of Courts to release Letter of Credit No. FGAC 13263 in the amount of$93,540 which was posted as a guaranty for Excavation Permit Number 59.917-3, (PL20130001215) for work associated with Giaveno at Treviso Bay. Meeting Date: 12/9/2014 Prepared By Name: HouldsworthJohn Title: Site Plans Reviewer, Senior,Natural Resources 11/12/2014 12:55:59 PM Approved By Name: PuigJudy Title: Operations Analyst, Community Development&Environmental Services Date: 11/12/2014 2:44:39 PM Name: PuigJudy Title: Operations Analyst, Community Development&Environmental Services Date: 11/12/2014 2:45:38 PM Name: McKennaJack Title: Manager-Engineering Review Services,Natural Resources Date: 11/24/2014 9:29:22 AM Name: CasalanguidaNick Title: Administrator-Growth Management Div, Business Management&Budget Office Date: 11/24/2014 1 1:29:33 AM Name: StoneScott Title: Assistant County Attorney, CAO Land Use/Transportation Date: 11/24/2014 1:23:15 PM Name: IsacksonMark Title: Director-Corp Financial and Mngmt Svs, Office of Management&Budget Date: 11/24/2014 2:31:34 PM Packet Page-950- 12/9/2014 16.A.8. Name: KlatzkowJeff Title: County Attorney, Date: 11/24/2014 2:42:17 PM Name: FinnEd Title: Management/Budget Analyst, Senior,Transportation Engineering&Construction Management Date: 11/25/2014 10:58:46 AM Name: DurhamTim Title: Executive Manager of Corp Business Ops, Date: 11/30/2014 2:13:24 PM Packet Page -951- 12/9/2014 16.A.8. • FIDELITY ' G'UARA'N'Tl' AKf( ' A CC'E,PTANCE' CO P MIAMI700 NW AVENUE SUITE 2.40 107 FLORIDA 331"i2 • "P1ibN'f= ( b5) 5 '3 8'x'24 , r"i,i.rf: t.:, r :;:c: r _..•;t, :r n* F;I "1•fr ,.',.f-- u" .-- I , ,- . :-L, ,r. `.d.. .Ni, r IRREVOCABLE STANDBY LETTER OF CREDITcNO.;FGAC413263 r ;,,c .,.I - ISS,UER ':.FFIDIAOEMN,LI Y 3L0GO5U)R 57AR53 A A N 33 2T T4 r 7 2._rAND ACC E PT'AI_"i N CE i C O R fE:REIN.1FC Tt E R ISSi UEI R'It) '700-NW 107 AVENUE;SUITE 24O , ., ti- , . .,DATE,OF:ISSUE ■ , r,-;:!DECEMBER;12,:2013 ,". = ■:v ' _ rt7j•> ,; ,..,i _ r .1 n—,.,.. R:= r t LL ...f= r..t, ,.. .._"7, ,. w; 1 r •F., ili-;,.a •IeI:,, ..-F JOF 1?L,ACE;pF-EXPIRY , I AT ISSk1EFC: C.QLJNTFgS,I.00r TEIa AT 79Q;11I. ',19,7 A,VE;SW..117,24Q z.. r. ,. IAMhFLQWDA33172r r ,.. . , •,... r nr. . ,... � ftiIS � ' `'`C1t'Ebl`I'``rSHAIT;` BE`'V:4LID'"UNTTt:"i)T'`CENII#ER"'12, '`L©14;'`ANT�`'SIiAL`�, ' THEREAFTIrTt'132''At-lc df AT1CA it-N;n'1tESIrt WEt13 POE`'SU('CES'S198'ONE'='Y'EXR " PERTODS'ON'TI4E°'ANNIVERSARY'OR THE'ISSUE-UNLESS'ATE LEAS T'Si3CTY'j50)r DAYS}•PRIOR,TO ANY'SUCI 'ANNIUERSAillY D'ATB TI E=1SSSUER-4NOTTEIES THE . ririr ,.,rrr 1 r ;r :r r _-BENEFI.e14R =,IN--Vd3r'.ifTIIsJG!-BY: REGISTERED,Iv1AIL;>THAT THE ISSUER ELECTS, -=NOT TO,RENEWTHIS-CR£DIT.: n APPLICANT LENNAR DOMES, ,(HEREINAFTER DEVELOPR') �i„z. �,.: �: r _v'.. I I..i ;A.,;44,1, ar- KWAY 104$1 SIB MTL C YPRESS PAR • — ,,. ,:; .,r �c . I ...PORT N1�S,F�OTZTDA 366' ..., ._, .. r�-, t J;'•,;,,,. .. .:!v__ ' r:i:'. r,' ,,„r :' ...___"' ., . .4..F:.r•.',f ,, , ._._ 1 ......,.. „t '^.ILI:..-,.. ,.r..h!. ? $ENEFICIARY. c.=. r THEBOARD OE:C OU TY:'COMMISSLONERS COLT IER COUNTY,FLORIDA)- .r ,_ v: ,:r _="(HEREINAF=TER”BENEFICIARY')•<. T' ., s L. r o . ,: • , , GIQtDNCINEI R G,RRVI W SDRVICZ~S r, r ,.,, r r .. . H_..r.l'1 :013 P 2&00.1*(3V4LQR§ .gj I DRI E,,■ . .1 y ,,:1- - NAPLESS,FL 34109 r AMOUNT: UP TO ANA GGI�CATE ANOIN? OF'r$93;5 4T'.b0 NIVET1I1IZEE 71F1O0 SPNIiPICt e =:r HUNDRED FORTY AND 001100'US DOLLARS r „1 RE: _ . TREVISO BAY'(PERMIT NUMBER'S OPL,PL201'30(10I213;"GIAVENO) , r WITH ISSUER t3 '''`PAYMENT'AG"A1NST bG OIJIvtENTS'I7•ETAi'LEn`•1-1ETtETt ''A city'' r`FICIARY°�S` -.•DR'AFTS A `'SItt4r"DRA WN G N THE'ISSUER.' DOCUMENTS REQUIRED AVAILABLE BY;BENEIICIARY'.S-DRAFT(S)AT:SIGIHT.DRAWN-:ONITHE:ISSUER A. - ;r AND PRESENTED AT PLACE OF EXP,IRY:-ACCOMPANIED BY BENEF;I,CIARY'S.-STATEMENT R.URPORTFI)1,Y,: • MANiJALLY SICNED.AND DATED BY THE COUNTY MANAGER,CERTIFY,11:G THAT A. (T)"DEV1 LOPER HAS FAILED TV'COIvIPLETE THE SUBbiVISTON IMPROVEMENTS'FOR'TftEVIS6BAY'• ACCORDING'TO- PERFORMANCE_BOND DATED'SEPTEMBER'117,'201 I'"PREPARED BY'STA'NTEC , '(THE"ESTIMATE"")-AND-AS'REQ'E:;IREDBY;COLLIER COUNTY OROTNANCES''AN[)RESOLUTIONS(THE -"LAND''DEVELOPMENT-REGULATIONS");' (11)--DEVELOPER'HAS BEEN' GIVEN)"WRITTEN NOTICE DESCRIBING:: THE EVENT,.OR• CONDITION-OF SUCH- DEFAULT IN r-REASONABLE. -DETAIL• CERTIFIED MAIL, RETURN RECEIPT:REQUESTED;,AND,(III):;THE•DEFAULT,HAS'NOT;BEEN„-CURED,.. WITHIN;THE_CURE:PRI ODPR(JYIDED.T.ORTI,M13ZIN,„IF Nr, 1, - B. ''A FINAL'INSPECTION'OF'THE'SUB-DIVISION'''TMPROVEMENTS^•FOR\TREVISO BAY AS REQUIRED BY . • r r. COLLIER COUNT'ti'ORDINANCES AND RESOLUTIONS(TFIE!•`L'AND DEVELOPMENT REGULATIONS"} :..:.•;SATISFACTORY•TO,COLLIER COUNTY=HAS NOT:BEEN:PERFORMED,PRIOR'TOITHE DATEOFEXPIRY; _ t:s: . .. .AND.*SATISFACTORY ALTERNATLYE'PERFORMANCE SECURITY:-I-IAS:NOT BEEN:PROVIDED Ti 3, AND:ACCEI?TEP: Yr.THE BENEFICIARY',”- s 1;:. .,.f Packet Page -952- 12/9/2014 16.A.8. F'ID EL ITN ! G`UAR'ANTY AND` ACCEPTANCE CORP` "'" 700' NW 107A V E N E:.n- S 2:4O p r - - I . ,.,MIAMI"'. ��L O'R � D A':.3 3 T'�,� _ •r. r r � , _. P1-1bNE (36'5')55 8724 • r i :-': l`J 11f•, 1 r':: r < ,n .pJ r 7 r ,r. f .0,NT, Cr.,-1' TH1. TS A r INT pG AL PA OF-LF TER.Q RFA.�.,.NQ r:IFG G;132�3 a<r ANL, T c , t, PA rE nn F•,. , ,r "S: rL:.�_.- r!' -I Ca 1 it. ,.,," hr, 41r'i. ..�.. ,.^.1.,_. , .h w r ,r �•.,, -.__ N..._,0 GUA�tANTY ANf3 ACUC TANCE CORD CRED7`h NO�FrJAC 132bB C)ALD I�ECEMBR 2,d Tr d a t "13' ti E AT p fU Y D ST BE"ACCOMPAIlltr 13 V1 I-CIS'0-allGVAL,'L'ETTER'b'F'CIS'L'I?IVAN13'-All't5'If'1C'I.Al2rAlKyENb(v1'CN't§;'IV AT7V:1 FOR''PROPERxENI)ORSEMENT. „'.NI .I -:u ,,,ilf y,ra.'YZ AND r:.i-Tr 1...-\. �,r t-rr., "i 1.,. ::G !T,,.,.. _. r THIS rLETTERO F:CRE DIT SETS,iRORTHINcFULL:THETERMS'OF;'THE4SSUER'S‘UNDERTA KING AND'SUCH'F`r.,t.rF f,I ,t-11■113.4RT,Ai KING>SHrALI4rNOtEzIN ANY,,rW,AY_;BENIODIFWD,'-Ak1ENND•ED,OR;AMPLIFIED;BY REFERENCE TO::, .T,,RgEFERF«NQ P4'..Q:,I- F.s5I ,QR, N.W,<-IIGb1;?FLI,s:LE,rTtTE ,r l;r!...:.. I.;. QF,C EDIT RLQ.TIIS,ANDrANY; (J�,)1.1FEIL1�1Cir_$Ht'�LLOT,$ ,:LlE1~MED BY REFERENCE AN�'pOCUII��TT 1NSTRUM$NT OR AGREEMENT r l ,� :.i ,:... �. r } x .,,v',.: r , • r • r 'IS-§UEA'fT - i 1 t' 1 t i>•V:" ?r' EREBY'E.T�IGAGE5 1VITI�BENE�'CCIACtI' THAT b�`AF'f'(S) " DRAWI�,UNISE�t ANI�I�}�OfvIIsLIA�C'E .� " 'W1TH''THE' TERMS AI�1D` Cti r l�ibNS�""©F `'IlIS'"CkE1517 'WTI;LT'Eft' Dl')L1'`f-IO It7 D ii' 'llS§SLJEFZAIF '' PR'ES'ENTED`WITH'IN"'THE VALIDITY Or THIS'CREDIT'TOG'ETHER''V'ITIT F1'E D()C`UME1'41`S'9t-E('ittitEi3'' HEREIN"ATTHEPI.IACE'OF'EXPIRY'PRIOR TO 061'iM.EST:ON'flRR IOR TO`` HETYATE`OF E'7 IRY' _`` " " -.'. ;-.•.;c1 P \ .,,t=F.1'11 ANN. �,[ ,f r 'r.Tl THIS r.CREDIT,;IS SUB JECT:•TO,.THE UN IFORWOUSTOMS AND::PRACTIGE:I FOR'::DOCUMENTAR''rCREDITS' ,, ;'( 007,RREV.JSION).NTERI>IATi1,ONA-i.I•GHAMBER:5F CO:MMERCEiP,UB1 ICA,TION NOt'6.OQ.. r r°„ui r, I> r•,r;;,F -. 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