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Backup Documents 09/28/2010 Item #16A 8 ktbA COLLIER COUNTY LAND DEVELOPMENT CODE CONSTRUCTION AND MAINTENANCE AGREEMENT FOR SUBDIVISION IMPROVEMENTS THIS CONSTRUCTION AND MAINTENANCE AGREEMENT FOR SUBDIVISION IMPROVEMENTS entered into this 22/1aday of JAil,r,a42011 between DiVosta Homes,LP hereinafter referred to as"Developer",and the Board of County Commissioners of Collier County,Florida, hereinafter referred to as the"Board". RECITALS: A. The Developer has, simultaneously,with the delivery of this Agreement, applied for the approval by the Board of a certain plat of a subdivision to be known as VeronaWalk Phase 4D. B. Section 10.02.04 of the Collier County Land Development Code requires the Developer to post appropriate guarantees for the construction of the improvements required by said subdivision regulations, said guarantees to be incorporated in a bonded agreement for the construction of the required improvements. NOW, THEREFORE, in consideration of the foregoing premises and the mutual covenants hereinafter set forth,the Developer and the Board do hereby covenant and agree as follows: 1. Developer will cause to be constructed: The paving, drainage, potable water system, sanitary sewer system, irrigation, landscaping, and street lighting improvements within eighteen (18) months from the date of approval said subdivision plat, said improvements hereinafter referred to as the required improvements. 2. Developer herewith tenders its subdivision performance security (attached hereto as Exhibit "A" and by reference made a part hereof) in the amount of$310,238.04,which represents 10% of the total contract cost to complete construction of potable water, sanitary sewer, and storm water, plus 110% of the probable cost for paving, drainage, lighting, landscaping, and irrigation to complete the required improvements at the date of this Agreement. 3. In the event of default by the Developer or failure of the Developer to complete such improvements within the time required by the Land Development Code, Collier County, may call upon the subdivision performance security to insure satisfactory completion of the required improvements. 4. The required improvements shall not be considered complete until a statement of substantial completion by the Developers engineer along with the final project records have been furnished to be reviewed and approved by the Development Services Director for compliance with the Collier County Land Development Code. 5. The Development Services Director shall, within sixty (60) days of receipt of the statement of substantial completion either: a) notify the Developer in writing of his preliminary approval of c:\documents and settings\pabutler\local settings\temporary internet files\content.outlook\btjs7t4e\esbm_app_construction_and_maintenance_agreement_for_veronawalk_phase 4d.doc 16A8 the improvements; or b) notify the Developer in writing of his refusal to approve improvements, therewith specifying those conditions which the Developer must fulfill in order to obtain the Director's approval of the improvements. However, in no event shall the Development Services Director refuse preliminary approval of the improvements if they are in fact constructed and submitted for approval in accordance with the requirements of this Agreement. 6. The Developer shall maintain all required improvements for a minimum period of one year after preliminary approval by the Development Services Director. After the one-year maintenance period by the Developer has terminated, the Developer shall petition the Development Services Director to inspect the required improvements. The Development Services Director or his designee shall inspect the improvements and, if found to be still in compliance with the Collier County Land Development Code as reflected by final approval by the Board, the Board shall release the remaining 10% of the subdivision performance security. The Developers' responsibility for maintenance of the required improvements shall continue unless or until the Board accepts maintenance responsibility for and by the County. 7. Six months after the execution of this Agreement and once within every six months thereafter the Developer may request the Development Services Director to reduce the dollar amount of the subdivision performance security on the basis of work complete. Each request for a reduction in the dollar amount of the subdivision performance security shall be accompanied by a statement of substantial completion by the Developer's engineer together with the project records necessary for review by the Development Services Director. The Development Services Director may grant the request for a reduction in the amount of the subdivision performance security for the improvements completed as of the date of the request. 8. In the event the Developer shall fail or neglect to fulfill their obligations under this Agreement, upon certification of such failure, the County Administrator may call upon the subdivision performance security to secure satisfactory completion, repair and maintenance of the required improvements. The Board shall have the right to construct and maintain, or cause to be constructed or maintained, pursuant to public advertisement and receipt and acceptance of bids, the improvements required herein. The Developer, as principal under the subdivision performance security, shall be liable to pay and to indemnify the Board upon completion of such construction, the final total cost to the Board thereof, including, but not limited to, engineering, legal and contingent costs, together with any damages, either direct or consequential,which the Board may sustain on account of the failure of the Developer to fulfill all of the provisions of this Agreement. 9. All of the terms, covenants and conditions herein contained are and shall be binding upon the Developer and the respective successors and assigns of the Developer. c:\documents and settings\pabutler\local settings\temporary Internet files\content.outlook\btjs7t4e\esbm_appconstwctjon and maintenance agreement_for_veronawalk_phase 4d.doc 1 6 A 8 IN WITNESS WHEREOF, the Board an the {Developer have caused this Agreement to be executed by their duly authorized representatives this '2-oc. day of IM0-1 ,2011. SIGNED DiVosta Homes,LP IN THE PRESENCE OF: Witness ' By: J�� lit �Gcl440/(1(6 tui u�Pi Prin ame C1443 4-1 Printed or typed na e Vice Pies,dcd- 1.4no1 Witness 8i/ra2 Printed or typed name ATTEST: DWIGHT E. BROC „CLE BOARD OF COUNTY COMMISSIONERS OF COLLIE C LINTY,FLORIDA By: kk (A). (),- .Asz_ By: Attest as to Mt 11 410ittune on c Fred W. Coyle, Chairman Approved as to form and Legal Sufficiency: 7. � Assistant County Attorney c:\documents and settings\pabutler\local settings\temporary internet files\content.outlook\btjs7t4e\esbm_app_construction_and_maintenance_agreement_for_veronawalk_phase 4d.doc