Agenda 09/09/2014 Item #16A15 9/9/2014 16.A.15.
EXECUTIVE SUMMARY
Recommendation to authorize the Clerk of Courts to release Performance Bond No. 5032322 in the
amount of$30,181, which was posted as a guaranty for work associated with Alden Woods, Site
Development Plan(SDP)AR-7819.
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 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 Lely Resort PUD.
The Performance Bond was posted as security for remaining drainage and paving improvements
within the Alden Woods SDP AR-7819. The drainage and paving improvements have received a
satisfactory inspection by Engineering Services.
FISCAL IMPACT: There is no fiscal 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
GROWTH MANAGEMENT IMPACT: There is no growth management impact associated
with this Executive Summary.
RECOMMENDATION: That the Board of County Commissioners (Board) authorizes the
Clerk of Courts to release Performance Bond No. 5032322 in the amount of $30,181.
Engineering Services will issue a Memorandum to the Clerk of Courts upon approval of this item
by the Board,advising the Clerk of this action.
Prepared by: John Houldsworth, Senior Site Plans Reviewer, Engineering Services / Growth
Management Division,Planning and Regulation
Attachments: 1)Copy of Performance Bond
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9/9/2014 16.A.15.
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.16.A.16.A.15.
Item Summary: Recommendation to authorize the Clerk of Courts to release Performance
Bond No. 5032322 in the amount of$30,181, which was posted as a guaranty for work
associated with Alden Woods, Site Development Plan (SDP)AR-7819.
Meeting Date: 9/9/2014
Prepared By
Name: HouldsworthJohn
Title: Site Plans Reviewer, Senior,Natural Resources
7/21/2014 11:57:53 AM
Approved By
Name: PuigJudy
Title: Operations Analyst,Community Development&Environmental Services
Date: 8/4/2014 10:20:47 AM
Name: McKennaJack
Title: Manager-Engineering Review Services,Natural Resources
Date: 8/13/2014 3:34:13 PM
Name: StoneScott
Title:Assistant County Attorney,CAO Land Use/Transportation
Date: 8/19/2014 8:17:42 AM
Name: MarcellaJeanne
Title: Executive Secretary,Transportation Planning
Date: 8/21/2014 10:14:35 AM
Name: KlatzkowJeff
Title: County Attorney,
Date: 8/21/2014 2:54:06 PM
Name: IsacksonMark
Title: Director-Corp Financial and Mngmt Svs, Office of Management&Budget
Date: 8/21/2014 3:02:10 PM
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Name: FinnEd
Title: Management/Budget Analyst, Senior,Transportation Engineering&Construction Management
Date: 8/21/2014 3:46:10 PM
Name: OchsLeo
Title: County Manager,County Managers Office
Date: 8/25/2014 2:20:58 PM
li
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Bond No. 5032322
n, COLLIER COUNTY LAND DEVELOPM:ENT CODE
PERFORMANCE BOND
KNOW ALL PERSONS BY THESE PRESENTS: that Stock Development
2647 Professional Circle,Suite 1201
Naples,FL 34119
(nercinatter referred to as "Owner") and Bond Safeguard Insurance Company
1919 S.Highland Avenue,Bldg. A-Suite 300
Lombard,IL 60148
(hereinafter referred to as "Surety") are held and firmly bound unto Collier Comity,Florida, (hereinafter referred to as
"County") in the total aggregate sum of Thirty Thousand One Hundred EiPlitv One arid 00/100 ($30,181.00) 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 Alden Woods and that certain subdivision shall include specific improvements which are
required by Collier County Ordinances and Resolutions(hereinafter "Land Development Regulations"). This obligation
ci'tle Surety shall commence on the date this Bond is executed and shall continue until the date of final acceptance by
r re 3oard of County Commissioners of the specific improvements described in the Land Development Regulations
(hereinafter th-e `Chuarany Period")
NOW, THEREFORE:, if the Owner shall well, truly and faithfully perform its obligations and duties in accordance with
tae 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
camages 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 ::n making good any default, then this obligation shat 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 it 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.
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1N WITNESS WHEREOF, the parties hereto have caused this PERFORMANCE BONE) to be executed this 51"day of
N1arch,2008.
1 -1,
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_ �..u-,G____-_/h (/ _� Principal: Stock Dev pment,LLC
__::Witn Signature
2.7N-421_,..-_-Y !_..04.
JsSinatlffe
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Surety Bond Safeguard Insuranze Company
A VIe ess Si 7ann't Daum L. Morgan,.4.ttomey-1 act
��.,� FL License No, P011322
itness Signature ,\
II
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POWER OF ATTORNEY AO 3 O O + L
frond Safeguard INSURANCE=COMPANY
KNOW ALL MEN BY THESE PRESENTS,that BOND SAFEGUARD INSURANCE COMPANY,an Illinois Corporation with its
principal office in Lombard, Illinois,does hereby constitute and appoint:
lames I.Moose,T.rerrc Diaz,Bcmm,e Kruse,Stephen T.Kazmer,Dawn L.Morgan,
Peggy Faust,Kelly A.Jacobs,E:aine Muc s.,Jennifer I.McComb,Melissa Schmidt,Joel E,'Specianan,Heathy..K.-Beck,Mine A.7>ci<mo"•i r�«.sis ss�-
its true and lawful Attorney(s)-In-Fatal to make,execute, seal and deliver for, and or its behalf as surety,any and all bonds,undertakings
or other writings obligatory in nature of a bond.
This authority is made under and by the authority of a resolution which was passed by the Board of Directors of BOND
SAFEGUARD INSURANCE COMPANY on the 7th day of November, 2001 as follows:
Resolved,that the F'residert of the Company is hereby authorized to appoint and empower any representative of the Company
or other person or persons as Attorney-In-Fact to execute on behalf of the Company any bonds, undertakings, policies, contracts of
indemnity or other writings obligatory in nature of a bond not to exceed $1,000,000.00,One Million Dollars,which the Company might
execute through its duly elected officers, arid affix the seal of the Company thereto. Any said execution of such documents by an
Attorney-In-Fact shall be as binding upon the Company as if they had been duly executed and acknowledged by the regularly elected
officers of the Company. Any Attorney-In-Fact, so appointed, may be removed for good cause and the authority so granted may be
revoked as specified in the Power of Attorney.
Resolved, that the signature of the President and the seal of the Company may be affixed by facsimile on any power of
attorney Granted,and the signature of the Vice President, and the seal of the Company may be affixed by facsimile to any certificate of
any such Dower and any such power or certificate bearing such facsimile signature and seal shall be valid and binding on the Company.
Any such power so executed and sealed and certificate so executed and sealed shall,with respect to any bond or undertaking to which
it is attached,continue to be valid and binding on the Company.
IN WITNESS THEREOF, BOND SAIFEGUARD INSURANCE COMPANY has caused this instrument to be signed by its
President,and its Corporate seal to be affixed this 7th clay of November, 2001.
*�'r�N8 BOND SAFEGUARD INSURANCE COMPANY
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9/9/2014 16.A.15.
•
STATE OF: ILLINOIS
COUNTY OF: DU PAG E
On March 5, 2003, before me, a Notary Public in and for said County and
State, residing therein, duly commissioned and sworn, personally
appeared Dawn L. Morgan known to me to be Attorney-in-Fact of
Bond Safeguard Insurance Company, the corporation described in and
that executed the within and foregoing instrument, and known to me to be
the person who executed the said instrument in behalf of the said
corporation, arid he duly acknowledge to me that such corporation
executed the same.
IN WITNESS WHEREOF, I have hereunto set my hand arid affixed my
official seal, the day and year stated in this certificate above.
My Commission Expires March 14, 2011
\.
Irene Diaz 1
OFFICIAL SEAL
IRENE DIAZ
NOTARY PUBLIC-STATE OF IU.INOIS
k MY COMMISSION EXPIRES:D3114111
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