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Agenda 04/12/2022 Item #16A10 (Release Performance Bond - Hammock Park)04/12/2022 EXECUTIVE SUMMARY Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of $28,460 which was posted as a development guaranty for an Early Work Authorization (EWA) (PL20210002053) for work associated with Hammock Park. _____________________________________________________________________________________ OBJECTIVE: To release a security which was posted as a development guaranty. CONSIDERATIONS: The Growth Management Division routinely accepts securities administratively as guaranties for early work improvements pursuant to Section 10.01.02 B of the LDC. The work associated with this security has been inspected and the developer has fulfilled his commitments with respect to this security. The performance security was posted as security for clearing and site filling associated with an Early Work Authorization for Hammock Park Site Development Plan (SDP), (PL20210000209). On December 14, 2021, the SDP was approved by staff and the bond is no longer required. A recent inspection confirmed that the developer has fulfilled the commitments of the EWA. FISCAL IMPACT: There is no fiscal impact associated with this Executive Summary. GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this Executive Summary. LEGAL CONSIDERATIONS: This item has been approved as to form and legality, and requires a majority vote for Board approval. - DDP RECOMMENDATION: To authorize the Clerk of Courts to release the Cash Bond in the amount of $28,460. Development Review 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, Associate Project Manager, Development Review Division ATTACHMENT(S) 1. Location Map (PDF) 2. Bond Basis (PDF) 16.A.10 Packet Pg. 745 04/12/2022 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.10 Doc ID: 21469 Item Summary: Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of $28,460 which was posted as a development guaranty for an Early Work Authorization (EWA) (PL20210002053) for work associated with Hammock Park. Meeting Date: 04/12/2022 Prepared by: Title: Technician – Growth Management Development Review Name: Lucia Martin 02/23/2022 3:30 PM Submitted by: Title: Environmental Specialist – Growth Management Department Name: Jaime Cook 02/23/2022 3:30 PM Approved By: Review: Growth Management Operations & Regulatory Management Kenneth Kovensky Additional Reviewer Completed 02/23/2022 4:02 PM Growth Management Department Diane Lynch Growth Management Department Completed 02/28/2022 4:26 PM Growth Management Development Review Brett Rosenblum Additional Reviewer Completed 02/28/2022 5:22 PM Engineering & Natural Resources Jack McKenna Additional Reviewer Completed 03/04/2022 1:37 PM Growth Management Department Jaime Cook Additional Reviewer Completed 03/18/2022 12:18 PM Growth Management Department Trinity Scott Transportation Skipped 02/24/2022 1:49 PM Growth Management Department James C French Growth Management Completed 03/18/2022 1:58 PM County Attorney's Office Derek D. Perry Level 2 Attorney Review Completed 03/22/2022 1:51 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 03/22/2022 2:44 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 03/22/2022 3:10 PM Office of Management and Budget Laura Zautcke Additional Reviewer Completed 03/25/2022 2:38 PM County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 03/31/2022 10:43 AM Board of County Commissioners Geoffrey Willig Meeting Pending 04/12/2022 9:00 AM 16.A.10 Packet Pg. 746 HAMMOCK PARK LOCATION MAP 16.A.10.a Packet Pg. 747 Attachment: Location Map (21469 : EWA Bond Release - Hammock Park) NOW, THEREFORE, in consideration oJ the foregoing premises and mutual covenants hereinafter set lorth, Developer and the Board do hereby covenant and agree as follows: '1 . Developer agrees to comply with the Early Work Regulations and the Early Work Permit (the "Early Work"). ln the event ol default by Developer or failure of Developer to complete the Early Work within the time required by the Early Work Regulations and Early Work Permit, Collier County, may call upon the early work performance security to insure satisiactory completion of the Early Work. The Early Work shall not be considered complete until Developer noti{ies the County that the Early Work is complete and the final Early Work is reviewed and approved by the County Manager or designee lor compliance with the Early Work Regulations. The County Manager or designee shall, within sixty (60) days of receipt of notification by Developer in writing that the Early Work is complete, either: a) notify Developer in writing of his approval of the Early Work; or b) notify Developer in writing of his refusal to approve the Early Work, therewith specifying those conditions which Developer must fulfill in order to obtain the County lvlanager's approval of the Early Work. ln the event Developer shall fail or neglect to fulfill its obligations under this Agreement, upon certification of such failure, the County Manager or designee may call upon the early performance security to secure satisfactory completion, repair and maintenance of the Early 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 Early Work. The Developer, as principal under the early 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 2 3 4 5 Page I of 'L EARLY WORK PERFORN/ANCE AGREEMENT D+t^ <) - THIS EARLY WORK PERFORMANCE AGBEEMENT entered into this I / day of ' <;(re,$^- .e/t ,20 2-\ , between Hammock Park Development. LLC hereinafter referred to as "Developer," and the Board of County Commissioners of Collier County, Florida, hereinafter referred to as the "Board". WHEREAS, Developer has applied {or an early work authorization in accordance with the Collier County Land Development Code including but not limited to Section 10.01.02.B (collectively, the "Early Work Regulations"); and WHEREAS, the Early Work Regulations require Developer to post appropriate performance guaranlees to ensure compliance with the Early Work Regulations and Early Work Authorization Permit No. PL20210002053 (the "Early Work Permit"). Developer herewith tenders its early work performance security (attached hereto as Exhibit "A" and by reference made a part hereof) in the amount of $28.460.00. 6. 16.A.10.b Packet Pg. 748 Attachment: Bond Basis (21469 : EWA Bond Release - Hammock Park) 7 contingent costs, together with any damages, either direct or consequential, which the Board may sustain on account of the failure oJ Developer to fulfill all of the provisions of this Agreement. All of the lerms, covenants and conditions herein contained are and shall be binding upon Developer and the respective successors and assigns of Developer. lN WITNESS WHEBEOF, the Board and Developer have c aused this A reement to beg executed by their duly authorized rep resentativesthis (1't^day of 20:/, SIGNED IN THE PRESENCE OF: Sisn: {orr+ G^-r&ae1l-- ATTEST: Crystal K. Kinzel, CLERK Clerk ol'the Circuit Court & Comptroller Collier County, Florida roved as for d legality Derek D. Perry Assistant County Attorney Name ty : Hammock Park Development, LLC By: Pnnte itle: David E. Torres, Manaqer (Pre dent, VP, or CEO) Evidence of signing authority attached hereto as Exhibit t' B' . BoARD OF CoUNTY CoMMISSIONERS OF COLLIER Co , FLOzuDA By Jaime Cook, Dircctor Development Review Division as dcsignce o1'the County Managcr pursuant to Rcsolution No. 2015-162 Printed NameIdt-€-5 ted Name: N0 Page -Z of -?- By: 16.A.10.b Packet Pg. 749 Attachment: Bond Basis (21469 : EWA Bond Release - Hammock Park) E EXHIBIT "A" Collier County Growth Management Division 2800 Horseshoe Drive N, Naples, FL 34104 239-2s2-2400 RECEIPT OF PAYMENT Receipt Number: Transaction Number: Date Paid: Amount Due: Payment Details: Amount Paid: Change / Overage: Contact; FEE DETAILS: Fee Description Refu ndable Bonds cashier Name: Batch Number: Entered By: 2021885314 2027-083247 09/17 /202r $28,460.00 Payment Method Check Reference Number P120210002053 JenniferBa rosh 10355 monroig_i Amount Paid $28,460.00 Check Number 4779 $28,460.00 $0.00 Hammock Park Apa rtments, LLC 7742 Alico Rd Ft. N4yers, FL 33912 Original Fee $ 28,460,00 Amount Paid $ 2 8,46 0.0 0 GL Account 670-000000-220113 Page I ot L 16.A.10.b Packet Pg. 750 Attachment: Bond Basis (21469 : EWA Bond Release - Hammock Park) 9*0121.11:02 AM D€tail by Entity Name EXHIBIT *B"DtvtstoN oF CoRPoRAT]oNs D!'/!'-it:i rJ f ),i+Lti+-'l'll-tL|) !!t! ')li|, ta! ',t!I. ,tt i t,u,ht rti',rrt Dgpadmed-Olslale / Division of Corporalions / Search Records / Search by-Etrltity-llaEg / Detail by Entity Name Florida Limited Liability Company HAMMOCK PARK DEVELOPMENT, LLC Filing lnfoImation DocumentNumber L20000166578 FEUEIN Number 85-22897U Date Filed Odl'1612020 Effective Date 0611612020 State FL Status ACTIVE Last Event LC NAME CHANGE Event Date Filed 0812612021 Event Effective Date NONE PrincipaltkldreEr 7742 ALTCO RD FT MYERS, FL 33912 Mailing Address 7742 ALTCO RD FT MYERS, FL 339,12 Eggistered Agent Name & Address TORRES, DAVID E 7742 ALTCO RD FT MYERS, FL 33912 Authorized Person(g),lpeltai! Name & Address Title MGR TORRES, DAVID E 7742 ALTCO RD FT. MYERS, FL 33912 Annual Repalts Report Year 2021 Filed Date 03118t2021 Document lmageq search.sunbiz.org/lnquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=tnitiat&searchNameOrder=HAMMOCKpAR... 1t2 16.A.10.b Packet Pg. 751 Attachment: Bond Basis (21469 : EWA Bond Release - Hammock Park)