Agenda 10/22/2019 Item #16A17 (Performance Bond - PL20160002876)10/22/2019
EXECUTIVE SUMMARY
Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of
$43,480 which was posted as a guaranty for Excavation Permit Number 60.150, PL20160002876 for
work associated with Sereno Grove (F.k.a. Sereno at Pelican Marsh).
OBJECTIVE: To release a security which was posted as a development guaranty.
CONSIDERATIONS: The Development Review Division routinely accepts securities administratively
as guaranties for developer commitments in accordance with Section 22-115 of the Collier County Code
of Ordinances. The work associated with this security has been inspected and the developer has fulfilled
his commitments with respect to this security. The Performance Bond was posted as security for an
Excavation Permit associated with Sereno Grove (F.k.a. Sereno at Pelican Marsh). The As-Built lake
cross sections have been received and the lakes has been inspected by the Development Review Division.
FISCAL IMPACT: There is no fiscal impact associated with this action.
GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this
action.
LEGAL CONSIDERATIONS: This item has been approved as to form and legality, and requires a
majority vote for Board approval. - SAA
RECOMMENDATION: To authorize the Clerk of Courts to release the Performance Bond in the
amount of $43,480. Development Review staff will issue a Memorandum to the Clerk of Courts upon
approval of this item by the Board of County Commissioners, advising the Clerk of this action.
Prepared by: Lucia S. Martin, Technician, Development Review Division
ATTACHMENT(S)
1. Location Map (PDF)
2. Bond Basis (PDF)
16.A.17
Packet Pg. 1490
10/22/2019
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.A.17
Doc ID: 10202
Item Summary: Recommendation to authorize the Clerk of Courts to release a Performance Bond
in the amount of $43,480 which was posted as a guaranty for Excavation Permit Number 60.150,
PL20160002876 for work associated with Sereno Grove (F.k.a. Sereno at Pelican Marsh).
Meeting Date: 10/22/2019
Prepared by:
Title: Technician – Growth Management Development Review
Name: Lucia Martin
09/17/2019 4:06 PM
Submitted by:
Title: Project Manager, Principal – Growth Management Department
Name: Matthew McLean
09/17/2019 4:06 PM
Approved By:
Review:
Growth Management Development Review Brett Rosenblum Additional Reviewer Completed 09/17/2019 4:09 PM
Growth Management Operations & Regulatory Management Rose Burke Additional Reviewer Completed 09/17/2019 5:51 PM
Growth Management Department Judy Puig Level 1 Reviewer Completed 09/18/2019 10:18 AM
Engineering & Natural Resources Jack McKenna Additional Reviewer Completed 09/19/2019 4:15 PM
Growth Management Development Review Chris Scott Additional Reviewer Completed 09/24/2019 8:38 AM
Growth Management Department Matthew McLean Additional Reviewer Completed 09/24/2019 8:49 AM
Growth Management Department James C French Deputy Department Head Review Completed 09/24/2019 4:02 PM
Growth Management Department Thaddeus Cohen Department Head Review Completed 09/26/2019 4:16 PM
County Attorney's Office Sally Ashkar Level 2 Attorney Review Completed 09/27/2019 3:09 PM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 09/27/2019 4:14 PM
Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 10/03/2019 3:51 PM
Office of Management and Budget Laura Zautcke Additional Reviewer Completed 10/04/2019 2:43 PM
County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 10/14/2019 10:58 AM
Board of County Commissioners MaryJo Brock Meeting Pending 10/22/2019 9:00 AM
16.A.17
Packet Pg. 1491
SERENO GROVE
F.K.A. SERENO AT PELICAN MARSH
LOCATION MAP
16.A.17.a
Packet Pg. 1492 Attachment: Location Map (10202 : Excavation Bond Release - Sereno Grove (F.k.a., Sereno at Pelican Marsh))
EXCAVATION PERFORI\iIANCE AGREEMENT
/
lS EXCAVATION PERFORMANCE AGREEIVENT entered into this e day olI rrJ
/ t(ql^,',, 20 [8 between Lennar Homes LLC hereinafter referred to as "Developer,"
and tfie Board of County Commissioners of Collier County, Florida, hereinafter referred to as the
"Board".
WHEREAS, the Excavation Regulations require the Developer to post appropriate
guarantees and execute an Excavation Performance Security Agreement stating applicant will
comply with the Excavation Reg ulations and Excavation Permit No. PL20160002876 (the
"Excavation Permit")
NOW, THEREFORE, in consideration of the foregoing premises and mutual covenants
hereinafter set forth, Developer and the Board do hereby covenant and agree as follows:
Developer agrees to comply with the Excavation Regulations and the Excavation
Permit (the "Excavation Work").
2. Developer herewith tenders its excavation performance security (attached hereto
as Exhibit "A" and by reference made a part hereof)in the amount of $43,480.00
The Excavation Work shall not be considered complete until Developer notifies
the County that the Excavation Work is complete and the final Excavation Work
is reviewed and approved by the County Manager or designee for compliance
with the Excavation Regulations.
The County l\/anager or designee shall, within sixty (60) days of receipt of
notification by Developer in writing that the Excavation Work is complete, either:
a) notify Developer in writing of his approval of the Excavation Work; or b) notify
the Developer in writing of his refusal to approve the Excavation Work, therewith
specifying those conditions which Developer must fulfill in order to obtain the
County lVlanager's approval of the Excavation Work.
ln the event Developer shall fail or neglect to fulfill its obligations under this
Agreement, upon certification of such failure, the County [t/lanager or designee
may call upon the excavation ' performance security to secure satisfactory
completion, repair and maintenance of the Excavation Work. 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 Excavation Work. The Developer, as principal under the excavation
3
4
6
WHEREAS, Developer has applied for an excavation permit in accordance with Section
22-106, et a/. of the Collier County Code of Laws and Ordinances, and the Collier County Land
Development Code, including but not limited to Section 3.05.10 (collectively, the "Excavation
Regulations"); and
ln the event of default by Developer or failure of Developer to complete the
Excavation Work within the time required by the Excavation Regulations and
Excavation Permit, Collier County, may call upon the excavation performance
security to insure satisfactory completion of the Excavation Work.
5
1
16.A.17.b
Packet Pg. 1493 Attachment: Bond Basis (10202 : Excavation Bond Release - Sereno Grove (F.k.a., Sereno at Pelican Marsh))
7
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,
includang, 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 Developer to fulfill all of the provisions of this
Agreement.
All of the terms, covenants and conditions herein contained are and shall be
binding upon Developer and the respective successors and assigns of
Developer.
aused this A greement to belN WITNESS WHEREOF, the Board and Developer have c
executed by their duly authorized representatives this 6 day of ut/20 lg
SIGN
Sign
IN PRESENCE OF
t
Lennar Homes
By
Lance Ellis
Vice President of Finance
Lennar Homes, LLC
S h(
Printed Name
Sig n
l\,
,"\r\ rt
Printed Name
ATTEST:
Crystal K. Kinzel CLERK
By
Clerk
App ed as to form and legality
Sco A. Stone
ARD OF COUNTY COMMISSIONERS
COLLIER COLTNITY.FL DA
as designce o the County Manager
pursuant to Resolution No. 2015-1 62
BO
OF
B):
Assistant County Attorney
\-l
LLC
16.A.17.b
Packet Pg. 1494 Attachment: Bond Basis (10202 : Excavation Bond Release - Sereno Grove (F.k.a., Sereno at Pelican Marsh))
FIDELITY GUARANTY AND ACCEPTANCE CORP.
7OO NW 107 AVENUE - SUITE 204
MIAMI. FLORIDA 33172
PHONE (3os)5s3-8724
IRREVOCABLE STANDBY LETTER OF CREDIT NO. FGAC.I8352
ISSUER:
DATE OF ISSUEI
PLACE OF EXPIRY
FIDELITY CUARANTY AND ACCEPTANCE CORP. (H OREINAFTER 'ISSUER")
7OO \\\ IO-1H AVE\UE, SUITE 204
MIAMI. FLORIDA 33T72
PHONE (305) 553-8724
JULY JI,2OI8
AT ISSUER'S COUNTERS LOCATED AT 7OO NW IO7 AVE, SUITE 204
MIAMI, TLORIDA 3J I72
TTIIS CREDIT SHALL BE VALID UNTIL JUI,Y 3I. ?0I9, -A.ND SHALL THEREAFTER BE
AU.TOMATICALLY RENOWED FOR SUCCESSIVE ONE-YEAR PERIODS ON THE
ANNIVERSARY OF THE ISSUE UNLI]SS AT LEAST SIXTY (60) DAYS PRIOR TO ANY
SUCH ANNIVERSARY DATE. THE ISSUER NOTIFIES THE BENEFICIARY IN
\YRITING BY REGISTERDD NIAIL T}L{T THE ISSUER ELECTS NOT TO SO RENE\Y
THIS ( REDIT.
DATE OF IXPIRY:
-4.PPLlCANTr
BtINEFICLdRYT
AMOL]NT:
LEN\AR HOlTES. LLC. (HEREI\AI-TER "DEVELOPER")
IO48I BEN C PRATT. SIX MILE CYPRESS PARKWAY
FORT MYERS. FLORJDA J.]966
THE BOARD OF COUNTY COMMISSIONERS, COLLIER COUNTY, FLORIDA
(Hf, REINAFTER "BENiEFICIARY)
C/O GROWTH MANAGEMENT DEPARTMENT'
2EOO \ORTH HORSESHOE DRT1T
NAPLES. FL 34I04
UP TO AN AGGRtrGATE AMOUNT OF'$43,480J0, (FORTY THREE'THOUSAND T'OUR
HUNDRf,D EIGHTY AND OO/IOO US DOLLARS)
SERENO GROVO AT PELTCAN MARSH
(LAKES # l AND 2 EXaAVATIa,N)
ISSUtrR
CREDIT AVAILABLE,WITH: ,
B\:
DOCtr\IENTS REQUIRED: AVAn.ABLE B! BENEFICLARY'S
AND ACCOMPAMED BY BENEFICIARY'S STATE]IIENT
MANAGER, OR DESIGNEE, CERTIFYING THATI
PAY}ItrNT -{GAf\ST DOCUMENTS D-ETAILED HERIIN AND
DRAFTS AT SICHT DRA\\ N ON THE ISSUER.
BEJ'iEFICIARY'S
DRAFT(S) AT SIGHT DRAWN ON THE ISSTJER
PURPORTEDLY SIGNf,D BY THE COT]NT}'
"LEIiNAR HOMES, LLC IIAS FAILED TO CONSTRUCT .1,ND/OR )IAINTAIN THE EXCA\'-,|TION
IMPROVEMENTS ASSOCIATED WITH EXCAVATION PERN{IT NO. PL2OI60002876, OR PRIOR TO THE
DATE OF EXPIRY FINAL APPROVAL OF THE EXCAVATION IIAS NOT Bf,EN GRANTED BY COLI-IER( OU\T\
^S
REQI I RED BT COLLI F R CO U\TY ORDINA\CES A \ D RESOLI'TIO\S, 4,ND THE ,\PPLIC {:iT
FAILED TO PROVIDE THE COUNTY WITH A SATISFACTORY ALTERNATIVE PERFOR}IANCE
SECT RITY.'
DRAFT(S) DRAWN UNDER THIS LETTER OF CREDIT SHALL BE NTARKED: "DRAWN UNDER FIDELITY
GUAII"A.NTY AND ACCEPTANCE CORP. CREDIT NO. FCAC-I8352, DATED JULY 3I.2018." THf, ORIGINAL
LETTER OF CREDIT AND ALL AMENDMENTS, IF ANY, MUST BE PRESENTED FOR PROPER ENDORSEMENT.
DR{FT(S) MAY BE PRESE]'{TED WITHIN THE STATE OF FLORIDA AT THE FOLLOWING ADDRESS:
FIDELITY GUARANTY AND ACCEPTANCE CORP
7OO NW IOTI!' AVENUE. SUITE 2M
MIAMI, FLORIDA 3JI72
RE:
16.A.17.b
Packet Pg. 1495 Attachment: Bond Basis (10202 : Excavation Bond Release - Sereno Grove (F.k.a., Sereno at Pelican Marsh))
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At (,t s r 29. 2018
IRREVO(]ABLE STANDBY I,ETTER OF CREDIT NO. FGAC-I8352
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(1{EREINAFTER "BENEFICIARY:])
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AE\EFICIARYI
28OO NORTH HORSESHOE DRIVE
N { PLT:S. FL ]IIOI
APPLICANT: I,ENNARHOMES,LLC.(Hf,REINAFTER"DEVIII,OPIIR")
10.181 llE\ C PRA TT, St\ llllLE C\ PRESS PARK\\'A\
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16.A.17.b
Packet Pg. 1496 Attachment: Bond Basis (10202 : Excavation Bond Release - Sereno Grove (F.k.a., Sereno at Pelican Marsh))
FrDEL'" ",y'^y;tit:il,,'-;[5Ll^NCE c I
THIS IS AN INTEGRAL PART OF LETTER OF CREDIT NO. FGAC.T8352 PAGE 2
THIS LETTER OF CREDIT SETS FORTH I\ FI ILL THE TER\,IS OF THE ISSUER'S UNDERTAKINC AND SUCH
UNDERTAKING SHALL NOT IN ANY WAY BE MODIFIED, AMENDED, OR AMPLIFIED BY REFERENCE TO
ANY DOCUMENT. INSTRUMENT, OR AGREEMENT REFERENCED TO HEREIN OR IN WHICH THIS LETTER
OF CRf,DIT RELATES, AND ANY SUCH REFERENCE SHALL NOT BE DEEMf,,D TO INCORPORATE HEREIN BY
REFERENCE ANY DOCUMENT. INSTRU}TtrNT OR AGREENIENT.
ISST]OR HEREBY ENGAGES WITH BENEFIC ANI) IN
ltDFirlYluAilrN ! Ai,J
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WITH THE TERMS OF THIS CREDIT WILL
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TITIS CREDIT IS SUBJf,CT TO T[IT] UNIFORM CUSTOMS A\D PR{CTICE FOR DOCU}IENl'ARY CREDITS 12OO7
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16.A.17.b
Packet Pg. 1497 Attachment: Bond Basis (10202 : Excavation Bond Release - Sereno Grove (F.k.a., Sereno at Pelican Marsh))