Agenda 01/24/2012 Item #16A 41/24/2012 Item 16.A.4.
EXECUTIVE SUMMARY
Recommendation to accept an alternate security in the amount of $1,758,578.20 from the
current owner of the subdivision known as Copper Cove Preserve, and authorize the
Clerk of Courts to release the previously posted securities.
OBJECTIVE:
To accept an alternate security to ensure the completion and maintenance of the required
subdivision improvements within Copper Cove Preserve.
CONSIDERATIONS:
On March 14, 2006, the Board of County Commissioners approved the final plat of Copper Cove
Preserve. A new developer now controls the subdivision entitlements and has provided an
alternate security in the amount of $1,758,578.20 which is justified in the attached Engineer's
Estimate of Probable Cost. The previous developer has two separate securities which have
now been combined under a single Letter of Credit. Upon acceptance of the alternate security,
the Clerk of Courts may release the Performance Bond with a current value of $1,736,024.20,
and a Cash Bond in the amount of $22,554.00 posted with the Clerk's Finance Department and
reflected on their 670 Refundable Deposits Account.
FISCAL IMPACT: ^
There is no fiscal impact.
GROWTH MANAGEMENT IMPACT:
There is no Growth Management Impact.
LEGAL CONSIDERATIONS:
The County Attorney's Office has reviewed and approved the replacement security for legal
sufficiency. This item requires a majority vote and is ready for Board consideration and
approval. STW
RECOMMENDATION:
To accept an alternate subdivision performance security in the form of a Letter of Credit in
the amount of $1,758,578.20 from the current property owner and to authorize the Clerk of
Courts to release those securities which had been provided by the original developer of the
subdivision. The current securities are in the form of a Performance Bond (No. 58636677
and any amendments), and a Cash Bond in the amount of $22,554.00.
Prepared by: John Houldsworth, Senior Site Plan Reviewer, Land Development
Services /Engineering Review, Growth Management Division, Planning and Regulation ^
Attachments: 1) Location Map 2) Letter of Credit with Bond Basis 3) Cash Bond Transaction
Record
Packet Page -1297-
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.A.4.
1/24/2012 Item 16.A.4.
Item Summary: This item requires that ex parte disclosure be provided by Commission
members. Should a hearing be held on this item, all participants are required to be sworn in.
Recommendation to accept an alternate security in the amount of $1,758,578.20 from the
current owner of that subdivision known as Copper Cove Preserve, and authorize the Clerk of
Courts to release the previously posted securities.
Meeting Date: 1/24/2012
Prepared By
Name: HouldsworthJohn
Title: Site Plans Reviewer, Senior,Engineering & Environm
12/20/2011 1:45:49 PM
^ Approved By
Name: LorenzWilliam
Title: Director - CDES Engineering Services,Comprehensive
Date: 12/28/20119:20:45 AM
Name: PuigJudy
Title: Operations Analyst, CDES
Date: 12/28/2011 11:55:07 AM
Name: McKennaJack
Title: Manager - Engineering Review Services,Engineering & Environmental Services
Date: 12/29/20113:44:01 PM
Name: FederNorman
Title: Administrator - Growth Management Div,Transportati
Date: 12/30/2011 1:06:06 PM
Name: MascellaJeanne
Title: Executive Secretary,Transportation Planning
Date: 1/3/2012 8:57:35 AM
Name: WilliamsSteven
Packet Page -1298-
1/24/2012 Item 16.A.4.
Title: Assistant County Attorney,County Attorney
Date: 1/3/2012 11:49:46 AM
Name: KlatzkowJeff
Title: County Attorney,
Date: 1/11/2012 2:53:12 PM
Name: IsacksonMark
Title: Director -Corp Financial and Mgmt Svs,CMO
Date: 1/13/2012 8:21:02 AM
Name: IsacksonMark
Title: Director -Corp Financial and Mgmt Svs,CMO
Date: 1/13/2012 8:37:24 AM
Packet Page -1299-
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1/24/2012 Item 16.A.4.
g iVfGr' P .
ITEM
DESCRIPTION
UNIT
QTY
UNIT PRICE
TOTAL PRICE
A -1
5' Concrete Sidewalk
LF
8,500
$15.00
$127,500.00
A -2-
S -III Asphalt 20d lift 3 / <"
SY
26,453
$3.90
$103,166.70
A -3
Signing and Markin
LS
1
$3000.00
$3,000.00
TOTAL
$233,666.70
Calculations for Replacement Bond
Single - Family Total Cost: $233,666.70
Multi - Family Total Cost: $1,097,055.90
Total $1,330,722.60
Maintenance Bond (10% of total original Construction Cost) _
10% x $4,053,016.00 = $405,301.60
Roost Road Sidewalk Bond = $22,554.00
Total Replacement Bond =
$1,330,722.60
$ 405,301.60
$ 22,554.00
$1,758,578.20
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1/24/2012 Item 16.A.4.
Schedule "A" — Earthwork & Site Preparation
ITEM
DESCRIPTION
UNIT
QTY
UNIT PRICE
TOTAL PRICE
A -1
Fill off -site *
CY
52,309
$12.00
$627,708.00
A -2
Silt Fence
LF
3,653
$2.00
$7,306.00
B -3
S -III Asphalt 2nd lift 3/ <"
SY
8,586
TOTAL
$635,014.00
* Earth to be removed from pools within the Single- Family area can be used to contribute to fill
needed in Multi - Family Area.
Schedule "B" — Paving
ITEM
DESCRIPTION
UNIT
QTY
UNIT PRICE
TOTAL PRICE
B -1
6" Limerock Base
SY
9,039
$12.08
$109,191.1
B -2
S -III Asphalt 1" lift 3/4 ")
SY
8,586
$6.35
$54,521.10
B -3
S -III Asphalt 2nd lift 3/ <"
SY
8,586
$6.67
$57,268.62
B-4
2' Valley Gutter
LF
5,972
$12.96
$77,397.12
B -5
T `A' Curb
LF
151
$16.20
$2,446.20
B -6
Sod
SF
42,477
$0.26
$11,044.02
B -7
5' Concrete Sidewalk
LF
7,092
$3.41
$24,183.72
B -8
Signing and Markin
LS
1
$1,200.00
$1,200.00
TOTAL
$337,251.90
Schedule "C" — Potable Water Distribution
ITEM D
DESCRIPTION U
UNIT Q
QTY U
UNIT PRICE T
TOTAL PRICE
C -1 _
Bac -T Point E
EA 1
1 $
$495.00 $
$495.0
_Temp. B
2" Jumper wBackflow Assembly (Temp.) E
EA 1
1 $
$1,250.00 $
$1,250.0
C -3 1
1" Water Service E
EA 7
78 $
$590. �� 0
111 H C
C4 2
2" Fire Service w/ GV E
EA 3
39 $
$1; •
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G:IPROJ- ENGUob\c- d\Copper Cove Preserve\Bond ReductionlEngineer's Probable Cost- MFSDPADOC
2
Packet Page -1304-
1/24/2012 Item 16.A.4.
BID SCHEDULE SUMMARY
SCHEDULE
DESCRIPTION
TOTAL PRICE
A
Earthwork & Site Preparation
$635,014.00
B
Paving
$337,251.9
C
Potable Water Distribution
$124,790.00
TOTA
$1,097,055.90
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Packet Page -1305-
1/24/2012 Item 16.A.4.
. Official Receipt - Collier County Board of County Commissioners
CDPR1103 - Official Receipt
Trans Number
Date
Post Date
Pa ment Shp Nbr
801842
10/31/2007 11:12:04 AM
10/31/2007
JAR 7528
Appl Name: 0 GRADY MINOR AND ASSOCIATES
Appl Stage /Status: RELEASE STAGE/RELEASED
Address: DAVID HYYTI 3800 VIA DEL REY BONITA SPRINGS FL 34134
Proj Name: COPPER COVE PRESERVE
Type: RSF TAZ: 0
Subdiv Nbr: 100
Project Nbr: 2005030024
Payor : COLONIAL HOMES
Fee Information
Fee Code
Descri tion I GL Account
Amount
I Waived
12BOND
I DEPOSITS -COMM DEV CASH BONDI 67000000022011300000
$22554.00
Total
$22554.00
Payments
Payment Code I Account/Check Number Amount
CHECK 1833356923 I $22554.00
Memo:
Total Cash 1 $0.00
Total Non -Cash 1 $22554.00
Total Paid 1 $22554.00
Cashier/location: MCCAULEYKATY / 1
User: MENDICINO_C
Printed:12/13/2011 9:38:56 AM
Collier County
Board of County Commissioners
CD -Plus for Windows 95 /NT Packet Page -1306-