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Agenda 06/28/2011 Item #16B2 6/28/2011 Item 16.8.2. EXECUTIVE SUMMARY Recommendation for the Community Redevelopment Agency (CRA) to authorize a budget amendment to recognize a reimbursement of $100,000 from a Seller's escrow account to reimburse CRA Fund 187 for the work required to mitigate an environmentally contaminated site (4315 Bayshore Drive). OBJECTIVE: To receive payment from the Seller's escrow account to reimburse the CRA for $100,000 worth of environmental remediation work at 43 I 5 Bayshore Drive. CONSIDERATIONS: The CRA purchased 43] 5 Bayshore Drive on July 22, 2008 with the creation of a $100,000 Seller's escrow fund (Exhibit A) to pay for mitigation associated with the removal of abandoned single walled fuel tanks and all required soil and water remediation. When the fuel tanks were removed the localized contaminated soil was removed and monitoring wells were installed. A second location of petroleum contamination was discovered. The extent of the soil contamination was determined and the contaminated soil was removed. A No Further Action Letter (Site Rehabilitation Completion Order) was issued by Florida Department of Environmental Protection in January 20 I I. The total amount of funds the CRA expended to complete required remediation to date is $123,997 (Exhibit B). The Bayshore Gateway Triangle CRA Executive Director sent a letter to the Escrow Agent requesting reimbursement of$IOO,OOO on May 27, 201 1 and received a check on June 4, 201 I (Exhibit C). FISCAL IMPACT: A budget amendment is required to recognize the reimbursement of $100,000 from the Seller's escrow account. The reimbursement will be appropriated into Bayshore/Gateway Triangle CRA Fund 187, other contractual services. GROWTH MANAGEMENT IMPACT: There is no direct impact upon the Grov,th Management Plan as a result of this action by the CRA Board. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney's Office and is legally sufficient for Board action. A majority voted is needed for Board action. (HFAC) RECOMMENDATION: That the CRA Board authorizes a budget amendment in the amount of $100,000 to recognize revenue from the Seller's escrow account to reimburse CRA Fund 187 for the cost of environmental remediation work at 43 J 5 Bayshore Drive. Prepared by David L. Jackson on May 27, 2011 Executive Director, Bayshore Gateway Triangle CRA -'-. Packet Page -662- 6/28/2011 Item 16. B.2. COLLIER COUNTY Board of County Commissioners Item Number: 16.B.2. Item Summary: Recommendation for the Community Redevelopment Agency (CRA) to authorize a budget amendment to recognize a reimbursement of $100,000 from a Seller's escrow account to reimburse CRA Fund 187 for the work required to mitigate an environmentally contaminated site (4315 Bayshore Drive). Meeting Date: 6/28/2011 Prepared By Name: JacksonDavid Title: Executive Director, CRA, 6/6/2011 4:32:51 PM Submitted by Title: Executive Director, CRA, Name: JacksonDavid 6/6/2011 4:32:52 PM Approved By Name: AshtonHeidi Title: Section Chief/Land Use-Transportation,County Attor Date: 6/7/201] 11 :50:46 AM Name: KlatzkowJeff Title: County Attorney, Date: 6/7/201] 1 :36:05 PM Name: FinnEd Date: 6/17/2011 2:07:40 PM Name: OchsLeo Title: County Manager Date: 6/19/20]] 10: 14:20 PM Packet Page -663- 6/28/2011 Item 16.8.2. EXHIBIt f \ ESCROW AGREEMENT TMlil AGREEMENT made on this ,.',:<//1.. day of -5.....~ , 200S by on<! between Hubert D. Bevins and Nancy E. Bevins, (the Seller), whose address is 431 S Bayshore Drive.Naples, Florida 34112, and Collier County Community Redevelopment Agency, (the Purchaser), whose address is 3301 East Iamiami Irail, Naples, FL 34112, and MIDWES! TITLE GUARANTEE COMPANY OF FLORIDA. LLC (the Escrow Agent), whose address IS 3936 Tamiami Trail Norlh, Suite A, Naples, Florida 34103; WITNESSETH: WHEREAS. the Purchaser and Seller entered into a purchase contract and two addenda for the s:aJ. orreal property located at Lot ^> Lake:lide Mobile B9tatc:s. and WHEREAS, both Purchaser and Seller are desirous of having Escrow Agent act as Escrowee for the pUTJXlse of closing this real estate conveyance in accordance with 1he tenns and conditinn~ of this agreement; NOW, THEREFORE, Escrow Agent, Purchaser and Seller agree as follows: 1. That \he transfer of title shall be completed and the transaction closed as soon as possible. 2. That pending the oompletion of cite remedintion relating to An unfavorable PHASE I tl.m.l PHASE II Environmental Audit wherein contaminants exceeding the pennitted levels (gasoline) were identified; escrow agent is authorized to hold the sum of $100,000.00. Tbe Purchaser may access the funds as needed to pay for the site rehabilitation. 3. That the monies held in escrow shall not be released Wltil such time as verification in writing are received by the Escrow Agent that all remediation work has been completed to the satisfaction of the Buyer. At which time, the Escrow Agent shall disburse any remaining funds to the Seller. 4. Escrow Age.nt may net in rclianoc upon fIJ'l)' writing or wtnunclll or i!ligualulc which it, In good faith, believes to be genuine. may assume the validity and accuracy of any statement or assertions contained in any such writing or instruments; and may assume that any person purporting to ~jve any writinc. notice. advice or instruction in conT\t"~tinn with Ihe provisiol\$ hereof has been authorized to do so. Escrow Agent shan not be liable in any manner for the sufficiency Dr correctness as to form, maMer of execution, or validity of any written instrument delivered to it, nor as to the identity, authority, or rights of any person executing the same, The duties of the hscrow Agent shall be limited to the safekeeping of the deposits and disbursing the same in accordance herewith. Escrow Agent undertakes to petform only such duties as are expressly set forth herein, and implied duties or obligations shall not be read into this agreement. Upon the E9crow Agent diebu.raing the deposits in ilCL;on.lanct: with the provtslons hereof, the escrow &ccount or accounts shall terminate and the Escrow Agent shall disbmse and shall thereafter be released from any liabilities hereunder in connection thereVtith. Seller does hereby transfer, convey, give. deposit with. pledl;!:C' and de.livf'!r nnri,.r th~ absolute control of E~,"row Agent said sum. Ownership of this money shall vest in Escrow Agent for such period of time as is necessary to satisfY said requirement{s) whether said requirements art" satisfied by sener or escrow agent as provided in this agreement. 5. Escrow Agent shall be protected with respect to any action laken or suffered by it hereunder in good faith. Escrow Agent shall not otherwise b~ liable for MY mistakes of fact or errors of judgment or for uny acts or omb5ions of lUl)' k.i.IlU Wllcss calJSl:d by Its: mrsconduct or gross negligence, 6. In the event of a disagreement with respect 10 the interpretations of this agre-.ement, or with respect to the rig:hls or obligations, or the propriety of an)' action contemplated by Escrow Agent, Escrow Age-.nt may. in its sole discretion, file appropriate legal action to resolve such disagreement. escrow Agent shall be indemnified by the non-prevailing party for all of Escrow Agent's costs, including reasonable attorney's fees, in connection with any such legal action. Packet Page -664- 6/28/2011 Item 16.8.2. ,;liBIT~ 7. Escrow Agent may resign al any time upon the giving of thirty (30) days notice to Purchaser and Seller of Escrow Agent's intent to so resign 8. All notice and communic.ations herein between the Escrow Agent, Purchaser and SeHer shall be in writing and shall be deemed 10 be duly given if _1 by mail. to the respective addresses set forth above. 9. The rights created by this Escrow Agreement shall inu<< to the benefit of and the obligations created hereby shall t.e binding upon. the ~ucceSS()fS and assigns of Escrow Agent and all parties to this agreement. 10. This agreement shall be constnled and enforced according to lhe laws oflhe State of Florida. IN WITNESS WHEREOF, lhe pani("s have executed this Escrow Agreement on the day and y::::tj )1~I=~CUAcqn;<;tion Approv.~ bY~J ~~;~ ( Witness N~ I c;ti D. flevms . I . f.-{ ^ . C" , ItuL.,u !)eL'UoJ.. Wi <:s~N!,i:20... . ~:,(Uai~DCI '1'lWl~:;'B~.. I....... , ',,' . ,~.1, Ily..:____ , Deputy Clerk County ent Agem..)' Community - By: ',l MIDWEST TITLE GUARANTEE COMPANY OF FLORIDA Witness Witness By: ..."'.......NOT1CE TO ESCRO\Y (,..r-licipanls You have entered into an ES<:"TOW Agreement whereby certain monies are to be held by Midwest Title Guarantee Companv of Florida under the term". of the P!';!'row Agreement. It is "&lIr responsibility to assur-t that tbe terms of the Escrow Agreemtnt are met. Midwest Title Guarantee Company of Florida has no duty to monitor the perfOlmance of any parties to the E..<;crow Agreement. Upon proper notification by the parties to the agreement, Midwest Title Guaran~ Company of Florida will disburse the funds that ir holds in accordance with the agreemenl The undersigned escrow participants acknowledge reetipt of a COP)' or this Notice and a copy Dr the Escrow Agreement. Collier County Community RcdcnlnplllCII\ Abency By: Donn3. Fiala.., Chairmnn 7- ! 7 - c~ R' Ap' jJ~ . .t::".u~ty Attorney Packet Page -665- 6/28/2011 Item 16.8.2. Send all Invoices to: Colher County Board of County CCm!"'1ISSIOners Purchasmg Department 3327 Tamlami Trl E Naples FL 34112-4901 Tax E)(empl 85.8012621830C-2 Collier County Board of County CommissIOners Ann Accounts Payable 3299 T amlami Trl E Ste 700 Naples Fl. 34112-5749 Vendor# 117377 ') EAHiBlT2 Purchase Order number must appear on all related correspondence, shipping papers and invoices: Purchase order PO ",""" 4500111875 u..10l0712009 RARE EARTH SCIENCES INC OB^ HS^ ENCINEERS .. SCIENTISTS 4019 E FOWLER AVE TAMPA FL 33517 ~~_I Cent..:;! I-'<:r,;,m Camm Redev Agency 1 ~!eph::'" 239-643-1115 Please deliver to: BAYSHORE GATEWAY TRIANGLE eRA 4069 BAYSHORE DR NAPLES FL 34112 Delrvery Date Term:! 01 PaYrrlent Net Je O"Y:l Currency UGD Item Maleria' 00010 Description Order Oty Unit Price Per Unit BeVil'!! cJ('oal1up e~crOIl'ie:d 49 200 cdch 100 Net Value 49.20000 Ouantil~' stili to be delivered Release order agalnsl contract 4600001744 oeach Item 00010 4315 Bayshore Drive cleanup and removal of tanks relr.,bursab1e by Stewart Title momes rn escrow account Ilem comp!etely delivered 00020 PO Increase $12 750 Quantity 5tllllO be delIvered Delivery Date Day 09/30/2010 i 2 750 each 100 1275000 523ea::h Release order against contra:! 4600001744 lle'n 00010 Work Order Modlfic.lllio1431S Day~ho'e Drive Item partrally delivered 00030 SAR S..rvic..". UST p'9mo\,';;t1 12,000 Q;;lch 100 12000 00 Quantity shll 10 be delivered Oeach SAR Service" UST Removal Item comple!ely delivered VENDOR Terms and Conditions The VENDOR agrees 10 comply wlfh all Purchase Order Te'ms a."ld Conditions as cuthned on the Collier County PurChaSing Internet sile http/fwwwcolliergov netllndexaspx?page=762 (revrSlcn date 01 f22/2008) includmg delivery and paymenl terms Further the VENDOR agrees to Provide goods and servIces outlllied In Ihls Purchase Order WIth thE pfI::es terms dehvery r.1elhod and specifIcations llsled above 2 NotTfy departmenllmmedlately If order fulfillmenl can~ot OCGLlr as specIfied 3 Send all inVOices to Coliler County Board of County CommiSSioners Altn Accounts Payable 3299 Tamiami Trl E Sle 700 Nap1est-L j411~.~i4~ The Purchase Order IS authorIZed under dlrectron cl Co1lie' County Board of County CommlS~loners by -r,' Stephen Y Carnell. General Services / PurchaSing Dlreclor P"nl!"d f" fel:< I a~:il' I", _1" 4:"1 (;Ml l'~).'X , 'F l~jh;' :. '5;<4\:-;..; f>i\';I~ I ri ~ Packet Page -666- 6/28/2011 Item 16.B.2. Vendor # 117377 RARE EARTH SCIENCES INC O~A HSA !!NaINEERs & SCIENTISTS 4019 E FOWLER AVE c. 'lIBIT t~ , -__~~-.=-~=:J PO Number Date 4500111875 10107/2009 100 Net V./ue 4 I 470 00 Item Material 00040 Description interiM Source RemOvai Servt:::es Order Qty Unit 41 470 eaCh Price Per Unit Quantity still to be deilve red Reiease order agatnst contra::! 4600GO 1 ,44 oeacn Item 000\0 Intenm Source Re'1'lc'liat Serv'ce (SARl Item completely ck!!lvered 00050 '8R Change Order #5 Quantity stili 10 be del:vered 4 700 each 100 4700 00 C.1E'a::h Change Order 1t5 for Intenm SOlll CE Remo~'al Herr completely delivered 00060 Mod,,+3 Well Abandonment Delivery Dale Day 04/30"2011 4 400 each 100 440000 Underaound StoraQe Tank MonlloP!'JO We,; Removdl 10tlll net \I"I~e ex>;;1 tell UOD 124,020.00 I Packet Page -667- p~,~.. ? ..-.1 ) 6/28/2011 Item 16.8.2. EXHIBIT e _-2_._ j h ,-"-"--'-'~-_._--'-- 2: .' '" r, " ,_oj o n r '~ W "' >- 0 0 0 0 0 0 0 0 >. 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" rl " E L ~ 0 ~ '3 ::> 0- u 0 '" '" 0'< '" 0 '" '" 0 0 0 0 0 0 + + + + rn + + w w W W 'C w w V> en rl ,.., .~ 'A ,-< ,.., ,.., rl W'i W'i rn vi :2 M .... 0. ,- M --~-- .- 0 0 0. > 0 0. 0. rl rl '" ? .< '", '", '" U U " :" u :" ~ - '" ~ ~ '" x ~ '" U '" ." " ... " 0 --' U 0 0 -~ 0 0: 0: 0 ~ % > 0: 0 or: > '-" '" '" '" >- Vi '" '-" "" L B ~ I 0 "- _._._..__.~___.~_______u__ Packet Page -670- ------ .---"--..-. File Nllmhr.r: 4R,\Q4 - 110 I stewart title May 21, 2011 Mr. David Jackson Executive Director eRA 4069 Bayshore Drive Naples. fL 34112 R.E: Bevins ESLTow/4315 Bayshun: Orivli:, Naples, fL Dear David: ","" . . . . - . ~.. ....,,~ 6/28/2011 Item 16.8.2. EXHIBIT '-' Betty Hull. CLC Division President. Centrol Florida 3na Tamiam ro 1 N.. Sull. 10- Naplee, FL 34103.3592 (2391 262.2163 (239) 262.1l10418x Stewart-com NYSE: STC Pursuant to the tenns of the Escrow Agreement, I am enclosing our trust account check in the amount of$IOO.OOO as full disbursement of the funds being held. Please let me know if you need anything further. Sincerely. ) C+~J{ Betty A. Hu Division P ~,({* Packet Page .671- 6/28/2011 Item 16.8.2. ,., IBAYSHORE r GATEWcY l.m.'EB."."'~",,!, .. TRI.ANGlE o~I1.~, ..""'...".......,...u,.....u..' ~......<. May 27, 201 ] :,~c~~!.:c....~l'-1..LU! Betty A. Huff, CLC Division President-Central Florida Stewart Title Company ., 3401 W Cypress St Tampa, FL 33607 Dear Ms Huff, The CRA purchased real property (43 I 5 Bayshore Drive) from Mr. and !\1rs. Hubert Bevins that had a provision for the seller to escrow $100,000 from the sale to be used to environmentally clean up the site. . " ,~ .' 1 The CRA was to clean the former gasoline station parcel as directed by Florida Department of Environmental Protection (FDEP), and once completed the eRA would be reimbursed from the escrow account for the costs incurred, up to $100,000. , , .,! ~ Please find attached: 1. Escrow i\~'feement 2. CRA Purchase Order in the amount of$124,520 3. HSA Scientists and Engineers invoices in the amount of$123.997 4. Finance Department's paid receipts in the amount of$123,997. This letter is the formal request for reimbursement of $100,000 from the escrow account, payable to the Bayshore Gateway Triangle eRA Trust Fund] 87. If you bave any questions or are in need of further documentation, please contact me. Best regards. " /} c(} ,'ltJTX / (___ j !t~{~ ~-<, )t L.- -"'~-,":..._."'!/ f J ; / David L Jackson .,../' Executive Director Bayshorc Gateway Triangle CRA cc. ",lark Isackson, Director Corporate Financial and Management Services Packet Page -672- 6/28/2011 Item 16.8.2. BUDGET AMENDMENT REQUEST For Budget/Finance Use Only BA# JE# B.ARIi APH Date Fund Number 187 Fund Description Bayshore/Gateway Triangle CRA Date Prepared: 06/28/11 Approved by BCC on: 6-28-11 Attach Executive Summary Item No.: 16.8. 3 Fund Center Title: WBS Element Title: Expense Budget Detail Bayshore Gatev.'ay Triangle eRA Fd CtrNo.: 138325 WBS No.: Ofa Pro1ect. rovide the WBS element inrom1ation~ if iI'S for a non-project account. nrovidc the fund center infonnation.) Fund WBS I Commit Commitment Item I Increase Current Revised Center Element Item Description ' (Decrease) Budl!et Budget 138325 634999 Other Contractual 100.000 46.800 146,800 Services I , Net Change to Budget 100,000 Fund Center Title: WBS Element Title: Revenue Budget Detail Bayshore Gateway Triangle eRA Fd Ctr No.: 138325 WBS No.: Ofa Prolect. ro\'idc the WBS element information: if it's for a non-nro)ccl account. nHwide the fund center infomlation.) Fund WBS Commit Commitment Item ! ] ncrease Current Revised Center Element Item Description I (Decrease) Budoet Budget 138325 341490 Misc. Revenue + 100,000 0 100,000 I 1 ! - - Net Change to Budget 100,000 EXPLANA nON Why are funds needed? To reimburse Bayshore Gateway Triangle CRA Fund 187 for environmental remediation expenses paid from general CRA funds for cleanup of 4315 Bayshore drive. Where are funds available? Reimbursement check paid from property seller's escrow for environmental remediation. Packet Page -673-