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Backup Documents 06/26/2012 Item #11FORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP 1 TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNATURE Print on pink paper. Attach to original document. Original documents should be hand delivered to the Board Office. The completed routing slip and original documents are to be forwarded to the Board Office only after the Board has taken action on the item.) ROUTING SLIP Complete routing lines #1 through #4 as appropriate for additional signatures, dates, and/or information needed. If the document is already complete with the exc lion of the Chairman's si lure draw a line throuc, h routing lines #I throuah #4 complete the checklist, and forward to Sue Filson line #5). Route to Addressee(s) List in routing order Office Initials Date 1. Judy Puig GMD Planning & Regulation/Operations (Initial) �� I 2. 06/26/12 Agenda Item Number l if Approved by the BCC 3. Type of Document Developer Contribution Agreement 4. 1 Attached resolutions, etc. signed by the County Attorney's Office and signature pages from 5. Ian Mitchell, Supervisor, BCC Office Board of County Commissioners K-ob �, �'Lq ► 2 6. Minutes and Records Clerk of Court's Office —�,�— ?ty\ 6 �� t(Asa r, PRIMARY CONTACT INFORMATION (The primary contact is the holder of the original document pending BCC approval. Normally the primary contact is the person who created/prepared the executive summary. Primary contact information is needed in the event one of the addressees above, including Sue Filson, need to contact staff for additional or missing information. All original documents needing the BCC Chairman's signature are to be delivered to the BCC office only after the BCC has acted to approve the Name of Primary Staff Laurie Beard Phone Number 252 -5782 Contact appropriate. (Initial) Applicable) Agenda Date Item was 06/26/12 Agenda Item Number l if Approved by the BCC signed by the Chairman, with the exception of most letters, must be reviewed and signed Type of Document Developer Contribution Agreement Number of Original 1 Attached resolutions, etc. signed by the County Attorney's Office and signature pages from Documents Attached INSTRUCTIONS & CHECKLIST I: Forms/ County Forms/ BCC Forms/ Original Documents Routing Slip WWS Original 9.03.04, Revised 1.26.05, Revised 2.24.05 Initial the Yes column or mark "N /A" in the Not Applicable column, whichever is Yes N/A (Not appropriate. (Initial) Applicable) 1. Original document has been signed/initialed for legal sufficiency. (All documents to be signed by the Chairman, with the exception of most letters, must be reviewed and signed by the Office of the County Attorney. This includes signature pages from ordinances, resolutions, etc. signed by the County Attorney's Office and signature pages from `,lt contracts, agreements, etc. that have been fully executed by all parties except the BCC Chairman and Clerk to the Board and possibly State Officials.) 2. All handwritten strike - through and revisions have been initialed by the County Attorney's Office and all other parties except the BCC Chairman and the Clerk to the Board 3. The Chairman's signature line date has been entered as the date of BCC approval of the document or the final negotiated contract date whichever is applicable 4. "Sign here" tabs are placed on the appropriate pages indicating where the Chairman's signature and initials are required. 5. In most cases (some contracts are an exception), the original document and this routing slip should be provided to Sue Filson in the BCC office within 24 hours of BCC approval. Lj Some documents are time sensitive and require forwarding to Tallahassee within a certain time frame or the BCC's actions are nullified. Be aware of your deadlines! 6. The document was approved by the BCC on 06 -26 -11 (enter date) and all changes made during the meeting have been incorporated in the attached document. The County Attorney's Office has reviewed the changes, if applicable. I: Forms/ County Forms/ BCC Forms/ Original Documents Routing Slip WWS Original 9.03.04, Revised 1.26.05, Revised 2.24.05 11F 1 MEMORANDUM Date: July 11, 2012 To: Laurie Beard, Planner Transportation Planning Department From: Martha Vergara, Deputy Clerk Minutes & Records Department Re: Developer Contribution Agreement Bent Creek Preserve Attached for your records is a scanned copy of the document referenced above (for Agenda Item #11F), approved by the Board of County Commissioners on Tuesday, June 26, 2012. The original document is being kept by the Minutes and Records Department and will be kept as part of the Board's Official Record. If you have any questions please feel free to call me at 252 -7240. Thank you THIS DEVELOPER CONTRIBUTION AGREEMENT (hereinafter referred to as o T M -o the "Agreement" ) is entered into this alb day of June, 2012, by and between BENT > o w CREEK PRESERVE, LLC, f/k/a CENTERLINE HOMES ENTERPRISES THREE, A D w LLC, a Florida limited liability company and its successors, assigns and subsequent m m °' owner /developer ( "Bent Creek "); CALUSA PINES GOLF CLUB, L.L.C., a Florida 9 N limited liability company and its successors, assigns and subsequent owner /developer 0 N ( "Calusa "); WELLS FARGO BANK, N.A.; and COLLIER COUNTY, FLORIDA (the "County "). All capitalized terms not defined herein shall have the same meaning as set 0 forth in the Collier County Consolidated Impact Fee Ordinance, Ordinance No. 2001 -13, C as amended. RECITALS: WHEREAS, Waterways Joint Venture V, a Florida partnership, was the owner of approximately 138.3 acres of land in unincorporated Collier County, Florida, located on the south side of Immokalee Road (CR -846), and approximately one half mile east of the intersection of Collier Boulevard (CR -951), and is adjacent to Woodcrest Drive (hereinafter referred to as the "Development "). The Development is intended to be constructed on Tracts R and RA as depicted on the Bent Creek Preserve Master RPUD Plan, attached hereto as Exhibit "A" and which is pending approval by the Collier County Board of Commissioners; and WHEREAS, Waterways Joint Venture V and the County have previously entered into that certain Developer Contribution Agreement Summit Lakes dated December 13, 2006 and recorded in Official Records Book 4162, Page 2816, Public Records of Collier County, Florida (the "2006 Developer Agreement "); and WHEREAS, Section 6.5 - Transportation - of the Summit Lakes RPUD, approved by the Board of County Commissioners on December 12, 2006, subsections "Q" and "R" states as follows: "Q. The developer shall build a local road cross - section on Woodcrest Drive from Immokalee Road to the southern boundary of the proposed Habitat Woodcrest RPUD. 1. If the right -of -way for the entire road is not available, the Developer shall construct the portion that has sufficient right -of -way. Where the right -of -way is not available, the Developer shall pay in lieu of construction within 30 days of the right -of -way permit issuance. 2. Should the County approve a Developer Contribution Agreement (DCA), such agreement shall provide road impact fee credits for the design, construction, and permitting, including environmental mitigation, for the upgrade from a local road to a minor collector road. o�z mo�n� ��c�o� m=;Iu� co X�0� DEVELOPER CONTRIBUTION AGREEMENT PO m rn o 0 0� ° N BENT CREEK PRESERVE o z 0 N o (Successor to Developer Contribution Agreement dated December 13, 2006) N A 0 p r N W THIS DEVELOPER CONTRIBUTION AGREEMENT (hereinafter referred to as o T M -o the "Agreement" ) is entered into this alb day of June, 2012, by and between BENT > o w CREEK PRESERVE, LLC, f/k/a CENTERLINE HOMES ENTERPRISES THREE, A D w LLC, a Florida limited liability company and its successors, assigns and subsequent m m °' owner /developer ( "Bent Creek "); CALUSA PINES GOLF CLUB, L.L.C., a Florida 9 N limited liability company and its successors, assigns and subsequent owner /developer 0 N ( "Calusa "); WELLS FARGO BANK, N.A.; and COLLIER COUNTY, FLORIDA (the "County "). All capitalized terms not defined herein shall have the same meaning as set 0 forth in the Collier County Consolidated Impact Fee Ordinance, Ordinance No. 2001 -13, C as amended. RECITALS: WHEREAS, Waterways Joint Venture V, a Florida partnership, was the owner of approximately 138.3 acres of land in unincorporated Collier County, Florida, located on the south side of Immokalee Road (CR -846), and approximately one half mile east of the intersection of Collier Boulevard (CR -951), and is adjacent to Woodcrest Drive (hereinafter referred to as the "Development "). The Development is intended to be constructed on Tracts R and RA as depicted on the Bent Creek Preserve Master RPUD Plan, attached hereto as Exhibit "A" and which is pending approval by the Collier County Board of Commissioners; and WHEREAS, Waterways Joint Venture V and the County have previously entered into that certain Developer Contribution Agreement Summit Lakes dated December 13, 2006 and recorded in Official Records Book 4162, Page 2816, Public Records of Collier County, Florida (the "2006 Developer Agreement "); and WHEREAS, Section 6.5 - Transportation - of the Summit Lakes RPUD, approved by the Board of County Commissioners on December 12, 2006, subsections "Q" and "R" states as follows: "Q. The developer shall build a local road cross - section on Woodcrest Drive from Immokalee Road to the southern boundary of the proposed Habitat Woodcrest RPUD. 1. If the right -of -way for the entire road is not available, the Developer shall construct the portion that has sufficient right -of -way. Where the right -of -way is not available, the Developer shall pay in lieu of construction within 30 days of the right -of -way permit issuance. 2. Should the County approve a Developer Contribution Agreement (DCA), such agreement shall provide road impact fee credits for the design, construction, and permitting, including environmental mitigation, for the upgrade from a local road to a minor collector road. 11 F I R. The developer shall dedicate to the County, at no cost to the County, and within 90 days of rezone approval, approximately 1.51 acres for Woodcrest Drive right -of -way. This dedication shall not be eligible for road impact fees "; and WHEREAS, according to the terms of the 2006 Developer Agreement, Waterways Joint Venture V was vested transportation concurrency rights to the Development in exchange for Waterways Joint Venture V designing, permitting, and constructing a two lane urban collector road connecting Immokalee Road with Collier Boulevard and Vanderbilt Beach Road through a connection to Massey Street for the sum of $5,100,000 in Road Impact Fee Credits; and WHEREAS, pursuant to the terms of the Developer Agreement, on March 8, 2007, Waterways Joint Venture V provided an Irrevocable Standby Letter of Credit issued by Wells Fargo Bank, N.A., as successor (by merger) to Wachovia Bank, N.A (the "Bank ") in the amount of $2,550,000.00, equal to one -half (1/2) of the County's estimated Road Impact Fees; and WHEREAS, Waterways Joint Venture V failed to meet its obligations under the Developer Contribution Agreement. On September 9, 2010, the County called the Irrevocable Standby Letter of Credit; and WHEREAS, on September 2, 2010, Bank filed a Verified Complaint in the Circuit Court of Collier County naming Waterways Joint Venture V, LLC (as successor by conversion to Waterways Joint Venture V) as a defendant and requesting the Court to enter a judgment of foreclosure with respect to the Bank's first priority mortgage on the real and personal property comprising the Development (the "Collateral "); and WHEREAS, on June 23, 2011, Bank obtained a Summary Final Judgment of Foreclosure against Waterways Joint Venture V, LLC with respect to the Collateral (the "Judgment "); and WHEREAS, on October 28, 2011, Bank executed an Assignment of Rights, a copy of which is recorded in Official Records Book 4731, Page 2059, Public Records of Collier County, Florida, thereby assigning to Bent Creek all of Bank's right, title, and interest in the Judgment and the Collateral (save and except the Bank's right to receive the LOC Refund, as defined below, from the County, which LOC Refund shall be paid to Wells Fargo Bank, N.A.); and WHEREAS, Calusa is the owner of a proposed residential project on the east side of the future Woodcrest Drive opposite Bent Creek Preserve RPUD (formerly the Summit Lakes RPUD), will be benefitted by the Project (as hereinafter defined) and desires to participate in the funding of a portion of the Project; and WHEREAS, the Growth Management Administrator has recommended to the Board of County Commissioners that the conveyance set forth in this Agreement 2 11F n (hereinafter referred to as the "Proposed Plan ") is in conformity with contemplated improvements and additions to the County's transportation network; and WHEREAS, after reasoned consideration by the Board of Commissioners, the Board finds and reaffirms that: a. The subject Proposed Plan is in conformity with the contemplated improvements and additions to the County's transportation system; b. Such Proposed Plan, viewed in conjunction with other existing or proposed plans, including those from other developers, will not adversely impact the cash flow or liquidity of the County's road impact fee trust accounts in such a way as to frustrate or interfere with other planned or ongoing growth- necessitated capital improvements and additions to the County's transportation system; C. The Proposed Plan is consistent with both the public interest and with the comprehensive plan, including the most recently adopted or proposed five - year capital improvement program for the County's transportation system, the Long Range Transportation Plan and complies with the requirements of the Collier County Consolidated Impact Fee Ordinance; and d. Developer has paid the Two Thousand Five Hundred Dollars ($2,500.00) application fee for this Agreement. WITNESSETH: NOW, THEREFORE, in consideration of Ten Dollars ($10.00) and other good and valuable consideration exchanged amongst the parties, and in consideration of the covenants contained herein, the parties agree as follows: 1. All of the above RECITALS are true and correct and are hereby expressly incorporated herein by reference as if set forth fully below. Except as expressly set forth below, this Agreement supersedes and replaces in its entirety the 2006 Developer Agreement, which on execution of this Agreement is terminated in its entirety and is of no further force or effect. 2. Pursuant to the terms of the 2006 Developer Agreement, the County has incurred or will incur Right -of -Way costs of approximately $1,105,632, as follows: • Expended $833,632 • Projected (Warm Springs) $272,000 • Bent Creek Preserve Estimated $_0_ Total Costs $1,105,632 3. The parties agree that the County will deduct the total costs incurred pursuant to the 2006 Developer Agreement (as set forth above in paragraph 2) from the 11F i M $2,550,000.00 funds received in accordance with the terms of the Irrevocable Standby Letter of Credit and will record on the Bent Creek Preserve Road Impact Fee Credit Ledger an Impact Fee Credit of $1,105,632.00. 4. By its execution of the joinder attached to this Agreement, Bank stipulates that the recitals set forth above which concern Bank are in all manner and respect accurate and true, and that County may justifiably rely on these recitals in entering into this Agreement. In partial consideration for such reliance, after reimbursement of the foregoing costs to the County, Bank (as the party that paid the $2,550,000.00 to the County under the Irrevocable Letter of Credit) will receive a refund of the excess funds from the Irrevocable Standby Letter of Credit for a total refund in the amount of $1,444,368.00 (one million four hundred forty -four thousand three hundred sixty- eight dollars) (the "LOC Refund "). The LOC Refund shall be paid to Bank by the County within forty-five (45) days after the date this Agreement is fully executed. With the exception of the foregoing stipulation as to the recitals and agreement to pay the LOC Refund to the Bank, and as partial consideration for the LOC Refund, Bank and the County hereby mutually release one another from all claims and obligations of whatever kind with respect to all matters concerned by both this Agreement and the 2006 Developer Agreement. Except as set forth in this paragraph, Bank is not a party to the remainder of this Agreement and the other terms of this Agreement shall not apply to Bank. 5. Road and Utility Improvements. (a) On execution of this Agreement, the County will receive full ownership of the design plans for Woodcrest/Tree Farm/Massey Road as completed to date, free and clear of any claims or encumbrances. (b) Bent Creek shall be responsible to construct a road extending from Immokalee Road to a point which is south of the Habitat Woodcrest RPUD entrance (the "Road ") as shown on the drawing marked as Exhibit "B" referenced below and attached hereto, and shall also be responsible to construct certain water and wastewater utilities (the "Utilities "), as depicted in Exhibit "D" and referenced below, within the road for the purpose of temporarily servicing the Bent Creek Preserve RPUD, Habitat Woodcrest RPUD, and the neighboring Calusa Pines proposed residential development project (the Road, Water Management, and Utilities design and construction including CEI and any needed design services shall be referred to as the "Project "). Although Bent Creek shall be responsible for constructing these improvements, the owner /developer of the Calusa Pines project shall be responsible for paying to Bent Creek its share of cost for the temporary Utility improvements only, based upon its pro -rata fair share determined based upon the proposed number of residential units for the Bent Creek Preserve RPUD and Calusa Pines projects. Bent Creek and the owner of the Calusa Pines project have entered into a separate agreement confirming the construction of the Utilities and the specific allocations of cost to each for such improvements. 4 11F .4 (c) Bent Creek shall utilize the design drawings prepared by CH2MHill, as set forth in Exhibits "B" and "C" in order to permit and construct (i) the Road to urban collector road standards, and (ii) shall construct a compacted lime -rock road on fill at the cross - section elevations proposed on the Tree Farm Road/Woodcrest Drive roadway plans prepared by CH2M -Hill from that point shown on Exhibit "C ", Section B -B and Section C -C to the intersection of Woodcrest Drive and Acremaker Road; provided, however, that the cost of design, permitting, environmental mitigation, clearing, grading, acquiring fill and associated construction costs beyond that required to simply place compacted lime -rock on the existing dirt road as depicted in Exhibit "C" Section C -C shall be the responsibility of Collier County Public Utilities Division. Bent Creek may construct these sections of road in phases such that if Bent Creek is ready to permit and construct that portion of the road referenced in 5(c)(i) herein prior to the Collier County Public Utilities Division completing its obligations referenced in 5(c)(ii), Bent Creek shall be permitted to construct the road improvements referenced in 5(c)(i) and shall complete the road as provided in 5(c)(ii) at such later date when Collier County Public Utilities has completed its obligations for permitting and financing such construction. The typical road sections for the Project are set forth in the Exhibit "C ". In addition, Bent Creek shall also construct the Utilities according to the proposed utility designs in accordance with the drawings prepared by RWA, Inc. and approved by the Collier County Public Utilities Division attached hereto as Exhibit "D ". (d) The County anticipates that its utilities department may desire to make modifications to the Utilities as depicted in Exhibit "D ". The County shall have a period of one year from the date the Collier County Board of Commissioners approves this Amendment within which to design, permit and notify Bent Creek of the required modifications to the wastewater Utilities. If written notice of design and permit approval is given within the one year period, then the Utilities shall be modified in accordance with the modified Utilities as prepared by the County. In the event the County fails to notify Bent Creek of any required modifications to the utilities within this one year period, Bent Creek may proceed with the construction of the Utilities as depicted on Exhibit "D ", which may be utilized to satisfy the wastewater needs of the Development and the Calusa property on a temporary basis. Notwithstanding the foregoing, the County recognizes that Bent Creek and/or Calusa may need to construct the Utilities as depicted in Exhibit "D ", prior to the expiration of the one year period in the event either Bent Creek or Calusa will require the Utilities to obtain certificates of occupancy for homes under construction prior to the time that the County advises Bent Creek and Calusa that it will be in a position to deliver the wastewater Utilities to their respective properties. In such event, Bent Creek shall be permitted to construct the Utilities as currently depicted in Exhibit "D" prior to the expiration of the one year period. Bent Creek, Calusa and the County shall communicate on a monthly basis regarding the County's progress on the design, permitting and construction of the wastewater Utilities so that each is fully aware of the time frame within which Bent Creek and/or Calusa may need the Utilities. Should Bent Creek and/or Calusa proceed forward with the construction of the Utilities because it will require the Utilities to obtain certificates of occupancy prior to the time in which the County will be able to deliver the wastewater utilities to the properties, then upon completion of such construction Bent Creek and the owner of the Calusa Pines project 11F lk W shall have met all of their cost obligations relative to the construction of the Utilities, and the Collier County Public Utilities Division shall be responsible for all costs associated with the modification of the Utilities noted above, if the County chooses to construct such modifications. It is expressly understood and agreed that in the event Collier County Public Utilities is ready to move forward with modifications to the Utilities as shown in Exhibit "D" and has permitted same prior to Bent Creek commencing construction of the temporary Utilities as depicted in Exhibit "D ", then Bent Creek and Calusa's fair share cost obligations for such modified Utilities shall in no event be greater than the actual estimated cost to construct the temporary wastewater Utilities as shown on Exhibit "D ", as evidenced by estimates for temporary utility connections (Options 1 and 2) attached hereto as Exhibit "G ". The actual construction of the Utilities as modified by the County shall be the responsibility of the County, and not that of Bent Creek or Calusa. The County shall complete the construction of the Utilities within nine months of providing notice to Bent Creek that the County is modifying the Utilities. (e) Bent Creek shall also convey at no cost to the County the right -of -way necessary to accommodate the urban collector road section along the eastern boundary of the Bent Creek Preserve RPUD, the legal description and sketch of which is attached hereto as Exhibit "E ", within ninety days of approval of this Developer Agreement, which ninety day period may be extended by the County Manager, or his designee, for good cause shown. In addition to providing County a warranty deed to the proposed right -of -way, developer shall provide County an attorney's opinion of title to the proposed right -of- way, and shall do all things reasonable and necessary to secure release(s) from the lien of any mortgage(s), judgment, lease, and / or the removal of any other lien placed upon the proposed right -of -way in accordance with the provisions of Chapter 713, Florida Statutes, at no cost to County. Bent Creek shall cooperate with the County in connection with the relocation, subordination, and / or release of any easements encumbering the proposed right -of -way. Bent Creek shall complete the construction of the Project no later than the earlier to occur of (a) the issuance of the 150th building permit within the Development; or (b) two years from Bent Creek's commencement of land development (horizontal improvements) at the Development; or (c) one year from the date Bent Creek obtains permits for the Project, unless delays in permitting or delays caused by the County requiring modifications to the Utilities as provided in 5(c) above cause the commencement of the Project to be delayed, in which event the time period to complete construction of the Project shall be extended day- for -day for the number of days in which the any such delays have delayed commencement of the Project. The Project improvements described herein, water management, and the right -of -way conveyance shall not be eligible for road impact fee credits. Bent Creek shall fully cooperate with the County Public Utilities Division in the construction of any modified Utilities once the County Public Utilities Division has fully designed, financed, permitted, and environmentally mitigated the modified plans for the construction of water, wastewater and irrigation quality water facilities within the proposed Tree Farm Road/Woodcrest Drive project limits. In addition, Bent Creek shall connect to the Collier County wastewater system at one point on Woodcrest Drive via one submaster pump station design with variable frequency drives as approved by County planning and project management staff. n 11F • +�-j U (f) As depicted in Exhibit "B ", Bent Creek will plan for the acceptance of storm water runoff for a two lane urban cross section as shown in Section "A -A" on Exhibit "C" for the Woodcrest Drive right of way from Immokalee Road to Acremaker Road into the Bent Creek Preserve RPUD as part of the Environmental Resource Permit modification with the South Florida Water Management District and associated with the future development of the site. The acceptance of the storm water runoff will provide for the water quality treatment and storm water attenuation of the proposed Woodcrest Drive roadway improvements and associated right of way from Immokalee Road south to Acremaker Road. The Woodcrest Drive roadway and utility improvements will be permitted by Bent Creek under separate applications to the appropriate agency with jurisdiction and not as part of any permit applications associated within the Bent Creek Preserve RPUD property boundary. Upon Bent Creek's request, the County will be a joint applicant on the permit however; Bent Creek shall be responsible for all permitting and design costs. 6. Bent Creek shall be solely responsible for all costs associated with the design, permitting and construction costs for utilities associated with the Project. No impact fees shall be granted for any of these costs. 7. Bent Creek shall receive Road Impact Fee credits in the amount of $1,105,632.00 as full compensation for the prior and future Right -of -Way purchases as described in paragraph two above. A copy of the Impact Fee Ledger, setting forth the amount of Impact Fee Credits granted pursuant to this Agreement, is attached as Exhibit «F„ 8. The credit for Road Impact Fees identified herein shall run with the Development and shall be reduced by the entire amount of each Road Impact Fee due for each Building Permit issued thereon until the Development project is either completed or the credits are exhausted or otherwise no longer available, or have been assigned by operation of or pursuant to an assignment agreement with County. The foregoing reduction in the Road Impact Fees shall be calculated based on the amount of the Road Impact Fees in effect at the time the Building Permit is issued. The credits set forth herein shall be applied solely to Road Impact Fees, and shall not offset, diminish or reduce any other charges, fees or other Impact Fees for which Bent Creek, its successors and assigns are responsible in connection with the development of their lands. It is expressly understood that the Impact Fee Credits will be utilized in the order in which the Building Permits are reviewed by the Impact Fee Administration, irrespective of whether Bent Creek assigns all or part of the Development. 9. On June 14, 2011, the Board adopted Ordinance No. 2011 -20, which amended the Consolidated Impact Fee Ordinance to provide that a COA in perpetuity will be issued upon payment of thirty -three percent of the estimated road impact fees. The Road Impact Fee Credit in the amount of $1,105,632.00 surpasses thirty -three percent of the estimated road impact fees based on current rates for 450 single family detached units. Within ninety days of approval of this Agreement, County shall issue to Bent Creek a Certificate of Adequate Public Facilities ( "Certificate ") vesting the 7 11F C� Development to construct 450 single family dwelling units for the purposes of meeting the County's Transportation Concurrency requirements. Final calculation of the remaining road and other impact fees due will be based on the impact fee schedule in effect at the time of the submittal of the building permits and shall be paid in full prior to issuance of each building permit. 10. In the event that upon build -out of the Development the Road Impact Fee Credits are still unspent, the remaining balance of such estimated fees may, at Bent Creek's election (1) be transferred to another approved project within the same, or adjacent transportation impact fee district, provided any vested entitlements associated with the unspent and transferred impact fee credits are relinquished and the Certificate is modified to delete those entitlements, or (2) be promptly returned to Bent Creek. Such reimbursement shall be made over a period of five years from the date of completion of the development as determined by the County, subject to annual appropriation by the County. 11. Bent Creek, at its sole cost and expense to permit and contract, may excavate additional material from the County's roadway drainage pond adjacent to the Bent Creek Preserve RPUD. Bent Creek, at its sole cost and expense to permit and contract, may fill the County's roadway drainage pond within the Bent Creek Preserve RPUD as long as drainage from Immokalee Road that currently is routed to this drainage pond is accommodated and permitted within the Bent Creek Preserve storm water management system. 12. The Project shall be submitted for review, permitting and inspection through the Collier County Engineering Services Department and the Collier County Transportation Right -Of -Way Department. All permit applications will be filed on behalf of the County. Final acceptance shall be consistent with the typical County acceptance process for public roads. 13. This Agreement shall not be construed or characterized as a development agreement under the Florida Local Government Development Agreement Act. 14. The burdens of this Agreement shall be binding upon, and the benefits of this Agreement shall inure to, all successors in interest to the parties to this Agreement. Upon giving written notice to the County, Bent Creek may assign all or part of the Road Impact Fee Credits, utilizing the County's then current form of assignment, to successor owners of all of part of the Development, or as otherwise provided for in the Collier County Consolidated Impact Fee Ordinance. 15. Bent Creek acknowledges that the failure of this Agreement to address any permit, condition, term or restriction shall not relieve either the applicant or owner, or its successors or assigns, of the necessity of complying with any law, ordinance, rule or regulation governing said permitting requirements, conditions, terms or restrictions. 16. In the event state or federal laws are enacted after the execution of this Agreement, which are applicable to and preclude in whole or in part the parties' 8 11F ,i M compliance with the terms of this Agreement, then in such event this Agreement shall be modified or revoked as is necessary to comply with such laws, in a manner which best reflects the intent of this Agreement. 17. Except as otherwise provided herein, this Agreement shall only be amended by mutual written consent of the parties hereto or by their successors in interest. All notices and other communications required or permitted hereunder shall be in writing and shall be sent by Certified Mail, return receipt requested, or by a nationally recognized overnight delivery service, and addressed as follows: To County: Attn: Nick Casalanguida 2800 N. Horseshoe Drive Naples, Florida 34104 Phone: (239) 252 -6064 To Bent Creek Preserve, LLC: Attn: Robert Stiegele and Jeff Kronengold 825 Coral Ridge Drive Coral Springs, FL 33071 Phone: (954) 344 -8040 Facsimile: (954) 344 -4176 To Calusa Pines Golf Club, LLC: Attn: Chris Johnson 20 North Wacker Drive, #1750 Chicago, IL 60606 Phone: (312) 422 -5466 Facsimile: (312) 422- 0363 Notice shall be deemed to have been given on the next successive business day to the date of the courier waybill if sent by nationally recognized overnight delivery service. 18. This Agreement shall be recorded by the County in the Official Records of Collier County, Florida, within fourteen (14) days after the County enters into this Agreement. Bent Creek shall pay all costs of recording this Agreement. The County shall provide a copy of the recorded document to the other parties, upon request. 19. In the event of a dispute under this Agreement, the parties shall first use the County's then - current Alternative Dispute Resolution Procedure. Following the conclusion of this procedure, either party may file an action for injunctive relief in the Circuit Court of Collier County to enforce the terms of this Agreement, said remedy being cumulative with any and all other remedies available to the parties for the enforcement of this Agreement. 20. Any future reimbursement for excess credits shall come from future receipts by the County of Road Impact Fees. However, no reimbursement shall be paid 0 11F INN until such time as all development, as defined by the County Manager or his designee, at the location that was subject to the credit has been completed. Such reimbursement shall be made over a period of five (5) years from the completion of the Development. 21. An annual review and audit of performance under this Agreement shall be performed by the County to determine whether or not there has been demonstrated good faith compliance with the terms of this Agreement and to report the credit applied toward payment of road impact fees and the balance of available unused credit. If the Collier County Board of Commissioners finds, on the basis of substantial competent evidence, that there has been a failure to comply with the terms of this Agreement, the Agreement may be revoked or unilaterally modified by the County. REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGE TO FOLLOW 10 11F'��A IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their appropriate officials, as of the date first above written. Attest: DWIGHT'' BROOK, Clerk By: -E ut Clerk AS TO BENT CREEK: Signed, sealed and deliv ed in the pin gvarare Printed Name Signature Printed Name STATE OF FLORIDA COUNTY OF BROWARD BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA By; (/J. r- FRED COYLE, Chairman BENT CREEK PRESERVE, LLC, f /k/a CENTERLINE HOMES ENTERPRISES THREE, ,L a rida limited liability company ,--) 171- -y � By: C- Name: Title: V. The foregoing instrument was acknowledged before me this 4 day of s>LA h e 2012, by 4eA �' {;�(�'f� , as U:Ce ��r�.14.�- of Bent Creek Preserve, LLC, f/k/a Centerline Homes Enterprises Three, LLC, a Florida limited liability company, who is personally known to me or has produced as identification. ? L DIANE JORDAN =' '= MY COMMISSION # DD957895 EXPIRES February 02, 2014 (407) 398 -0153 FloridallotaryService.com 11-1� L t-a� Notary Public My Commission Expires: AS TO CALUSA: Signed, sealed and delivered in the presence o Signa ure A,64 -AL/4- WJ --r Printed Name igna re Printed Name STATE OF Pt61 X-LL -i AJOIS' COUNTY OF COL14ER (f&p 4f- 11F ON CALUSA PINES GOLF CLUB, L.L.C., a Florid imited liability company By: Name: _ g--, Title: YL(e�.r -(> �✓1.� The foregoing instrument was acknowledged before me this / ? day of Ju,t, 2012, byl�,� , s ue,- /o� as Calusa Pines Golf Club, L.L.C., a Florida limited liability company, hw s personally known to me or has produced as identification. official seal Maria E Vakos Notary Public State of IlUnois Notary Pu lic 1.,4y Commission Expires 05/21/2014 My Commission Expires: 12 11F ��A� JOINDER OF BANK WELLS FARGO BANK, N.A. ( "Bank ") hereby joins in the foregoing Agreement for the sole purpose of agreeing to the stipulations, provisions, and mutual releases set forth in paragraph 4 thereof. AS TO BANK: the pres Signed, sealed and delivered,{y /�/ ,iiunntnre STATE OF FLORIDA COUNTY OF BROWARD WELLS FA NK, N.A. By: Name: 64 UO Z:vKrcift. Title: d«C- w6siyet-1 i Th foregoing instrument was acknowledged before me this j day of 2012, byV(►r►E:�yattKa>~K, as Vice P�sident of Wells Fargo BaYk, N.A., who is personally known to me _ ✓ or has produced as identification. ,,a Notary Public My Commission Expires: J�4►RY ''•., IRINA SHKOI.NIK •= Notary Public - State of Florida My Comm. Expires Dec 20. 2013 •%;FOCr�d:•` Commission # DD 945201 'nn�ua 13 11F RiA LIST OF EXHIBITS ATTACHED TO AGREEMENT Exhibit "A" Master Plan Exhibit "B" Scope of Project Exhibit "C" Typical Road Sections Exhibit "D" Utilities Exhibit "E" Legal Description & Sketch of ROW Conveyance Exhibit "F" Impact Fee Credit Ledger Exhibit "G" Estimates for Temporary Utility Connections (Options 1 and 2) 14 EXHIBIT A MASTER PLAN ho 7 m Tm .I r = m�i A. i M / { � O 1°n/1 N m�`�j' � I I .16HO r+l 1 I � D cc wN 2 I I r I I d E am Arc I I A 11 i t Om i CL- Ogg +,II r i fj i 'bbb o8 A 13y' O �£ � i�mv >z ��► r r ` +imC O I I y- -- - Of� � >p�z V P �' 1 iI � WOQACREST DRIVE o 1 �y<mNnm C� v ;n yym �� 0<yyrpi m Oz > 1'I�,p D4 M10-PA N9 AN rymyn �2yn1 CC� .'C O Pp l®i C{i °o m pi nif S §off gg 2 2,° IZII; N N a�r ° i�A7mA c N�c AZ m RI^o §o O Zo ti � 0 lit �D� C a 13x, 1 BENT CREEK , 11 M PRESERVE.LLC BENT CREEK PRESERVE �i T` RPUD Julian Bryan IJ A1A > RPUD MAMI? P! 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O X o rn oQx �N iS3A , m n '.T \ =zl c X0 mm m F/ �c,o*rncm i � % f _ z D w / N 1mp �'n W ° I m� { Z m - m T,p Z \ \\ 11 z ;u m O m ° Z,, '` \ _ x r czi o m +, E' z - o o x zmmo'�x j!I o m m ;o °i l�1 Z z td AZ I Zmoo� �a Dm° \ f "� z ` m to °\ N W E S ® PROPOSED RIGHT OF WAY OR OFFICIAL RECORD BOOK /PAGE LEGAL DESCRIPTION FOR PARCEL 109 Z C O A m WATERWAYS JOINT VENTURE V N TAX PARCEL 1.0 26 -48 -26 Tn OR 3408/2611 � � O Z � O � CALUSA PINES TAX PARCEL 4.0 25 -48 -26 OR 2726/1729 I F W POINT OF SKETCH &DESCRIPTION OF: PROPOSED RIGHT—OF—WAY BEGINNING W t0 � N O EAST 1/4 CORNER a COLLIER COUNTY, FLORIDA SECTION 26 U W v m p W M m rn LINE TABLE J 3S' LINE BEARING LENGTH L1 S89'59'40Y/ 35.03' L2 S89'59'07'E 35.03' L3 N89'59'21 -W 30.03' L4 S02719'44'E 1 267.80' L3 L5 589'58'28 "E 1 30.03' WATERWAYS JOINT VENTURE V TAX PARCEL 15.0 26 -48 -26 OR 3494/801 — WATERWAYS JOINT VENTURE V TAX PARCEL 8.0 26 -48 -26 OR 3494/799 35' A TRACT OR PARCEL OF LAND SITUATED IN THE STATE OF FLORIDA, COUNTY OF COLLIER, LYING IN SECTION 26, TOWNSHIP 48 SOUTH, RANGE 26 EAST, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE EAST QUARTER (1/4) CORNER OF SECTION 26, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA; THENCE 5.02'18'34 "E. ALONG THE EAST LINE OF SAID SECTION 26, FOR 668.73 FEET TO THE SOUTHEAST CORNER OF THE PARCEL DESCRIBED IN OFFICIAL RECORD BOOK 3494, PAGE 799, OF THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA; THENCE S.89'59'40 "W. ALONG THE SOUTH LINE OF SAID PARCEL, FOR 35.03 FEET; THENCE N.02'18'34 "W. ALONG A LINE LYING 35.00 FEET WESTERLY OF AND PARALLEL TO THE EAST LINE OF SAID SECTION 26, FOR 667.31 FEET; THENCE N.02'19'44 "W. ALONG A LINE LYING 35.00 FEET WESTERLY OF AND PARALLEL TO SAID EAST LINE, FOR 1,339.53 FEET TO A POINT ON THE NORTH LINE OF THE PARCEL DESCRIBED IN OFFICIAL RECORD BOOK 3408, PAGE 2611, OF SAID PUBLIC RECORDS; THENCE S.89'59'07 "E. ALONG SAID NORTH LINE, FOR 35.03 FEET TO A POINT ON THE EAST LINE OF SAID SECTION 26; THENCE S.02'1 9'44"E. ALONG SAID EAST LINE, FOR 1,070.29 FEET TO THE SOUTHEAST CORNER OF SAID PARCEL; THENCE N.89'59'21 "W. ALONG THE SOUTH LINE OF SAID PARCEL, FOR 30.03 FEET TO THE NORTHEAST CORNER OF THE PARCEL DESCRIBED IN OFFICIAL RECORD BOOK 3494, PAGE 801, OF SAID PUBLIC RECORDS; THENCE S.02'1 9'44"E. ALONG THE EAST LINE OF SAID PARCEL, FOR 267.80 FEET TO THE SOUTHEAST CORNER OF SAID PARCEL AND A POINT ON THE NORTH LINE OF THE PARCEL DESCRIBED IN OFFICIAL RECORD BOOK 3494, PAGE 799, OF SAID PUBLIC RECORDS; THENCE S.89'58'28 "E. ALONG SAID NORTH LINE, FOR 30.03 FEET TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED PARCEL. CONTAINING 62,205 SQUARE FEET OR 1.43 ACRES, MORE OR LESS. 0 ib0 300 600 SKETCH & DESCRIPTION ONLY NOT A BOUNDARY SURVEY SCALE: 1' =300' FOR: COLLIER COUNTY GOVERNMENT BOARD OF COUNTY COMMINSSIONERS By: DENNIS S. MILLER, PROFESSIONAL SURVEYOR & MAPPER FLORIDA REGISTRATIO N CER LATE NO. 5626 SIGNING DATE NOT VALID WITHOUT THE ORIGINAL SIGNATURE & RAISED EMBOSSED SEAL OF A FLORIDA REGISTERED PROFESSIONAL SURVEYOR AND MAPPER. WOODCREST DRIVE POINT OF SKETCH &DESCRIPTION OF: PROPOSED RIGHT—OF—WAY BEGINNING Z N O � N O EAST 1/4 CORNER a COLLIER COUNTY, FLORIDA SECTION 26 W W W v m p < M m rn rn i 00 J 00 rJ W J �' w A TRACT OR PARCEL OF LAND SITUATED IN THE STATE OF FLORIDA, COUNTY OF COLLIER, LYING IN SECTION 26, TOWNSHIP 48 SOUTH, RANGE 26 EAST, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE EAST QUARTER (1/4) CORNER OF SECTION 26, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA; THENCE 5.02'18'34 "E. ALONG THE EAST LINE OF SAID SECTION 26, FOR 668.73 FEET TO THE SOUTHEAST CORNER OF THE PARCEL DESCRIBED IN OFFICIAL RECORD BOOK 3494, PAGE 799, OF THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA; THENCE S.89'59'40 "W. ALONG THE SOUTH LINE OF SAID PARCEL, FOR 35.03 FEET; THENCE N.02'18'34 "W. ALONG A LINE LYING 35.00 FEET WESTERLY OF AND PARALLEL TO THE EAST LINE OF SAID SECTION 26, FOR 667.31 FEET; THENCE N.02'19'44 "W. ALONG A LINE LYING 35.00 FEET WESTERLY OF AND PARALLEL TO SAID EAST LINE, FOR 1,339.53 FEET TO A POINT ON THE NORTH LINE OF THE PARCEL DESCRIBED IN OFFICIAL RECORD BOOK 3408, PAGE 2611, OF SAID PUBLIC RECORDS; THENCE S.89'59'07 "E. ALONG SAID NORTH LINE, FOR 35.03 FEET TO A POINT ON THE EAST LINE OF SAID SECTION 26; THENCE S.02'1 9'44"E. ALONG SAID EAST LINE, FOR 1,070.29 FEET TO THE SOUTHEAST CORNER OF SAID PARCEL; THENCE N.89'59'21 "W. ALONG THE SOUTH LINE OF SAID PARCEL, FOR 30.03 FEET TO THE NORTHEAST CORNER OF THE PARCEL DESCRIBED IN OFFICIAL RECORD BOOK 3494, PAGE 801, OF SAID PUBLIC RECORDS; THENCE S.02'1 9'44"E. ALONG THE EAST LINE OF SAID PARCEL, FOR 267.80 FEET TO THE SOUTHEAST CORNER OF SAID PARCEL AND A POINT ON THE NORTH LINE OF THE PARCEL DESCRIBED IN OFFICIAL RECORD BOOK 3494, PAGE 799, OF SAID PUBLIC RECORDS; THENCE S.89'58'28 "E. ALONG SAID NORTH LINE, FOR 30.03 FEET TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED PARCEL. CONTAINING 62,205 SQUARE FEET OR 1.43 ACRES, MORE OR LESS. 0 ib0 300 600 SKETCH & DESCRIPTION ONLY NOT A BOUNDARY SURVEY SCALE: 1' =300' FOR: COLLIER COUNTY GOVERNMENT BOARD OF COUNTY COMMINSSIONERS By: DENNIS S. MILLER, PROFESSIONAL SURVEYOR & MAPPER FLORIDA REGISTRATIO N CER LATE NO. 5626 SIGNING DATE NOT VALID WITHOUT THE ORIGINAL SIGNATURE & RAISED EMBOSSED SEAL OF A FLORIDA REGISTERED PROFESSIONAL SURVEYOR AND MAPPER. WOODCREST DRIVE W IA//% =- SKETCH &DESCRIPTION OF: PROPOSED RIGHT—OF—WAY CONSULTING CYRFngmeamg j t T TL 1 s—q(ag & mwi g PARCEL 109 6610 Willow Park Drlve, Suite 200 COLLIER COUNTY, FLORIDA Naples, Florid. 34109 Phone: (239) 597 -0575 FAX: (239) 597 -0578 LB No.: 6952 JOB NUMBER I REVISION I SECTION I TOWNSHIP I RANGE SCALE DATE DRAWN BY I FILE NAME I SHEET 030008.00.06 0001 26 48S 26E 1" = 300' 05/10/07 1 PTN SK 109 1 OF 1 EXHIBIT F DEVELOPER AGREEMENT ROAD IMPACT FEE CREDIT LEDGER 11F Impact fee ledger Beginning Balancel $1,105,632.00 DATE PERMIT # CREDIT AMT BALANCE COMMENTS Beginning Balance $1,105,632.00 F— )CY-\t\-3,� G DAATA'" V -Ua� ation C C) N S i LT I N G Civil Engineering 1 t T T1 1 Surveying, & Mapping TEMPORARY BENT CREEK OFFSITE UTILITY CONNECTIONS OPTIONS Forcemain OPTION #1 Force Main 11F jl Sub -Total FM Option #1 With 10% Contingency Assumptions 1. Assumes each option is standalone, therefore each option has Mobilization, MOT etc. 2. Assumes 6" FM, preliminary design has not been completed therefore this size could vary. $120,036.25 $132,039.88 0: \2003 \030008.05.03 Bent Creek - Utility Coordination \0001 Offsite Utility Connection Options\2012 -04 -23 Temporary Bent Creek Utility Options OPC Rev.xls 1 of 2 UNIT I QUANTITY I U I COST TOTAL Mobilization LS 1 $4,000.00 $4,000.00 M.O.T. LS 1 $3,500.00 $3,500.00 Staked Silt Fence LF 1,913 $1.25 $2,391.25 Floating Turbidity Barrier LF 100 $18.50 $1,850.00 Misc. Clearing & Removal LS 1 $2,000.00 $2,000.00 F.M. Hot Tap (16 "x6 ") & Tie -in EA 1 $3,500.00 $3,500.00 6" Directional Drill under Immokalee & Canal, 50 taper from 20' Depth to Yon Quarry LF 300 $150.00 $45,000.00 6" HDPE Carrier Pipe LF 300 $22.00 $6,600.00 Connection from HDPE to PVC EA 2 $500.00 $1,000.00 Install 6" PVC F.M., (1275' Woodcrest Drive, 638' along Quarry Drive) LF 1,913 $15.00 $28,695.00 6" Plug Valves, F.M. EA 4 $1,500.00 $6,000.00 A.R.V. for F. M. EA 2 $1,500.00 $3,000.00 Fine Grading Area for Sod SY 2,500 $0.50 $1,250.00 Sodding, Bahia SY 2,500 $1.50 $3,750.00 Landscape Allowance LS 1 $7,500.00 $7,500.00 Sub -Total FM Option #1 With 10% Contingency Assumptions 1. Assumes each option is standalone, therefore each option has Mobilization, MOT etc. 2. Assumes 6" FM, preliminary design has not been completed therefore this size could vary. $120,036.25 $132,039.88 0: \2003 \030008.05.03 Bent Creek - Utility Coordination \0001 Offsite Utility Connection Options\2012 -04 -23 Temporary Bent Creek Utility Options OPC Rev.xls 1 of 2 IF �W INC. / ! \ DXX Visualization L.O N S U I.T I iA G Civil L-ngineering Z t T TL 1 Surveying & Mapping TEMPORARY BENT CREEK OFFSITE UTILITY CONNECTIONS OPTIONS Forcemain OPTION #2 Force Main Sub -Total FM Option #2 With 10% Contingency Assumptions 1. Assumes each option is standalone, therefore each option has Mobilization, MOT etc. Cost savings when two options will be combined 2. Assumes 6" FM, preliminary design has not been completed therefore this size could vary. $117,462.50 $129,208.75 0: \2003 \030008.05.03 Bent Creek - Utility Coordination \0001 Offsite Utility Connection Options\2012 -04 -23 Temporary Bent Creek Utility Options OPC Rev.xis 2 of 2 UNIT I QUANTITY I COST I TOTAL Mobilization LS 1 $4,000.00 $4,000.00 M.O.T. LS 1 $3,000.00 $3,000.00 Staked Silt Fence LF 1,970 $1.25 $2,462.50 Floating Turbdity Barrier LF 100 $18.50 $1,850.00 Misc. Clearing & Removals LS 1 $3,300.00 $3,300.00 F.M. Hot Tap (16 "x6 ") LS 1 $3,500.00 $3,500.00 6 "Directional Drill under Immokalee & Canal, 50 taper from 20' Depth to 3' by Drive LF 300 $150.00 $45,000.00 6" HDPE Carrier Pipe LF 300 $22.00 $6,600.00 Connection from HDPE to PVC EA 2 $500.00 $1,000.00 Install 6" PVC F.M. (1275' Woodcrest Dr., 600' West on Immokalee Rd., 95' to Limestone LF 1,970 $15.00 $29,550.00 Trail) 6" Plug Valves LF 4 $1,500.00 $6,000.00 A.R.V. for F.M. EA 2 $1,500.00 $3,000.00 Fine Grading for Sod SY 2,600 $0.50 $1,300.00 Sodding, Bahia SY 2,600 $1.50 $3,900.00 Landscape Allowance LS 1 $3,000.00 $3,000.00 Sub -Total FM Option #2 With 10% Contingency Assumptions 1. Assumes each option is standalone, therefore each option has Mobilization, MOT etc. Cost savings when two options will be combined 2. Assumes 6" FM, preliminary design has not been completed therefore this size could vary. $117,462.50 $129,208.75 0: \2003 \030008.05.03 Bent Creek - Utility Coordination \0001 Offsite Utility Connection Options\2012 -04 -23 Temporary Bent Creek Utility Options OPC Rev.xis 2 of 2