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Agenda 01/10/2023 Item #16A10 (To release security which was posted as a development guarantee)16.A.10 01 / 10/2023 EXECUTIVE SUMMARY Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of $25,760 which was posted as a guarantee for Excavation Permit Number PL20200002319 for work associated with City Gate Commerce Park Phase Three Replat No. 4. OBJECTIVE: To release security which was posted as a development guarantee. 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 City Gate Commerce Park Phase Three Replat No. 4. The As -Built lake cross sections have been received and the lake was inspected on November 21, 2022, by the Development Review Division. FISCAL IMPACT: Performance Bond securities are held as a development guarantee and released after work is performed. 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. - DDP RECOMMENDATION: To authorize the Clerk of Courts to release the Performance Bond in the amount of $25,760. 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, Project Manager I, Development Review Division ATTACHMENT(S) 1. Location Map (PDF) 2. Bond Basis (PDF) Packet Pg. 626 16.A.10 01/10/2023 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.10 Doe ID: 24019 Item Summary: Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of $25,760 which was posted as a guarantee for Excavation Permit Number PL20200002319 for work associated with City Gate Commerce Park Phase Three Replat No. 4. Meeting Date: 01/10/2023 Prepared by: Title: Technician — Growth Management Development Review Name: Lucia Martin 11/29/2022 3:23 PM Submitted by: Title: Environmental Specialist — Growth Management Department Name: Jaime Cook 11/29/2022 3:23 PM Approved By: Review: Growth Management Operations & Regulatory Management Kenneth Kovensky Growth Management Development Review Brett Rosenblum Growth Management Department Engineering & Natural Resources Growth Management Department Growth Management Department County Attorney's Office Office of Management and Budget County Attorney's Office Office of Management and Budget County Manager's Office Board of County Commissioners Diane Lynch Growth Management Department Jack McKenna Additional Reviewer Jaime Cook Division Director James C French Growth Management Derek D. Perry Level 2 Attorney Review Debra Windsor Level 3 OMB Gatekeeper Review Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Laura Zautcke Additional Reviewer Geoffrey Willig Level 4 County Manager Review Geoffrey Willig Meeting Pending Additional Reviewer Completed 11/29/2022 4:02 PM Additional Reviewer Completed 12/05/2022 11:01 AM Completed 12/08/2022 3:16 PM Completed 12/08/2022 4:05 PM Completed 12/09/2022 8:20 AM Completed 12/09/2022 7:17 PM Completed 12/27/2022 10:29 AM Completed 12/27/2022 10:52 AM Completed 12/28/2022 9:00 AM Completed 12/28/2022 9:33 AM Completed 12/28/2022 9:35 AM 01/10/2023 9:00 AM Packet Pg. 627 16.A.10.a CITY GATE COMMERCE PARK PHASE THREE REPLAT No. 4 LOCATION MAP Q Packet Pg. 628 16.A.10. b EXCAVATION PERFORMANCE AGREEMENT _ THIS EXCAVATION PERFORMANCE AGREEMENT entered into this - tf- day of i s�t�r 20 7L between City Gate Naples, 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 for an excavation permit in accordance with Section 22-106, et aL 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 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 Regulations and Excavation Permit No. PL20200002319 (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 $25,760. 3. In 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. 4. 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. 5. The County Manager or designee shall, within sixty (60) days of receipt of v notification by Developer in writing that the Excavation Work is complete, either: a) y notify Developer in writing of his approval of the Excavation Work; or b) notify the a Developer in writing of his refusal to approve the Excavation Work, therewith 00 specifying those conditions which Developer must fulfill in order to obtain the o County Manager's approval of the Excavation Work. m 6. In the event Developer shall fail or neglect to fulfill its obligations under this r E Agreement, upon certification of such failure, the County Manager or designee U may call upon the excavation performance security to secure satisfactory r completion, repair and maintenance of the Excavation Work. The Board shall have a 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 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 Packet Pg. 629 16.A.10. b or consequential, which the Board may sustain on account of the failure of Developer to fulfill all of the provisions of this Agreement. 7. All of the terms, covenants and conditions herein contained are and shall be binding upon Developer and the respective successors and assigns of Developer. IN WITNESS WHEREOF, the Board and Developer have caused this Agreement to be executed by their duly authorized representatives this day of 20 ZG. SIGNED IN THE PRESENCE OF: WITNESS: �Q Signature 010,r6a- R. Printed Name WITNESS: Signature Kaj-a Cosh l o Printed Name ATTEST: f:ryst�l f�rzt+ C1�rK Clerk of the Circuit Court & Comptroller Collier County, Florida Approved as is Forge ane? Lerailty s Mere* D . Pe.rrlr Assistant County Attar"* BY: City Gate Naples, LLC / L Signature (Ma ager of the LLC & provide proper evidence of authority) P*auov 2xerLAc,,�-vP Printed Name (Manager of the LLC & provide proper evidence of authority car- V,li tic- VA(' . �� r i Zed BOARD OF COUNTY COMMISSIONERS OF COL R COUNTY, F DA By: � as designee of the County Manager pursuant to Resolution No. 2015-162 N R m c 0 m U �a a Packet Pg. 630 16.A.10.b [:EXHIBIT JPMORGAN CHASE BANK, N.A. GLOBAL TRADE OPERATIONS 10420 HSGHLAND MANOR DRIVE, FLOOR D4 TAMPA. FL 33610-9128 SWIFT: CHASUS33 DATE : 03 Dec 2020 IRREVOCABLE STANDBY LETTER OF CREDIT REFERENCE NO.: NLJSCGS035833 TO: THE BOARD OF COUNTY COMMISSIONERS (REFER L/C TEXT FOR FULL DETAILS) 2800 NORTH HORSESHOE DRIVE NAPLES, FLORIDA 34104 DEAR SIRIMADAM, WE HEREBY ISSUE OUR IRREVOCABLE STANDBY LETTER OF CREDIT IN YOUR FAVOR BENEFICIARY THE BOARD OF COUNTY COMMISSIONERS (REFER L/C TEXT FOR FULL DETAILS) 2800 NORTH HORSESHOE DRIVE NAPLES, FLORIDA 34104 ACCOUNT PARTY CITY GATE NAPLES, LLC 12575 ULINE DRIVE PLEASANT PRAIRIE, WI 53158 DATE OF EXPIRY 01-DEC-2021 PLACE OF EXPIRY OUR COUNTER AMOUNT USD 25,760.00 APPLICABLE RULE UCP LATEST VERSION BENEFICIARY'S COMPLETE DETAILS: THE BOARD OF COUNTY COMMISSIONERS - COLLIER COUNTY, FLORIDA C/O ENGINEERING REVIEW SERVICES 2800 NORTH HORSESHOE DRIVE NAPLES, FLORIDA 34104 WE HEREBY ISSUE THIS LETTER OF CREDIT FOR THE ACCOUNT OF OBLIGOR, ULINE, INC., 12575 ULINE DRIVE, PLEASANT PRAIRIE, WI 53158 ON BEHALF OF ACCOUNT PARTY, CITY GATE NAPLES, LLC. DOCUMENTS REQUIRED: AVAILABLE BY BENEFICIARY'S DRAFT AT SIGHT DRAWN ON THE ISSUER AND ACCOMPANIED BY BENEFICIARY'S STATEMENT PURPORTEDLY SIGNED BY THE COUNTY MANAGER, CERTIFYING THAT: "CITY GATE NAPLES, LLC HAS FAILED TO CONSTRUCT AND/OR MAINTAIN THE IMPROVEMENTS ASSOCIATED WITH THAT CERTAIN PLAT OF A SUBDIVISION KNOWN AS CITY GATE COMMERCE PARK PHASE THREE REPLAT 4 OR A FINAL INSPECTION SATISFACTORY TO COLLIER COUNTY HAS NOT BEEN PERFORMED PRIOR TO THE DATE OF EXPIRY, AND SATISFACTORY ALTERNATIVE PERFORMANCE SECURITY HAS NOT BEEN PROVIDED TO AND FORMALLY ACCEPTED BY THE BENEFICIARY." DRAFT(S) DRAWN UNDER THIS LETTER OF CREDIT MUST BE MARKED: "DRAWN UNDER JPMORGAN CHASE BANK, N.A. CREDIT NO. NUSCGS035833, DATED THE ORIGINAL LETTER OF CREDIT AND ALL AMENDMENTS, IF ANY, MUST Or anized under the lawS Of U.S.A. with limited liability U riiLeO States NUSCGS03 33 03 Dec 2020 P age-1R Packet Pg. 631 16.A.10. b EXHIBIT Continuation of our Reference NUSCGS035833 BE PRESENTED FOR PROPER ENDORSEMENT. IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL BE AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR ADDITIONAL 1 YEAR PERIOD FROM THE PRESENT OR EACH FUTURE EXPIRATION DATE, UNLESS AT LEAST 60 DAYS PRIOR TO THE CURRENT EXPIRY DATE WE SEND NOTICE IN WRITING TO YOU VIA REGISTERED MAIL, HAND DELIVERY AT THE ABOVE ADDRESS, THAT WE ELECT NOT TO AUTOMATICALLY EXTEND THIS LETTER OF CREDIT FOR ANY ADDITIONAL PERIOD. THIS LETTER OF CREDIT SETS FORTH IN FULL THE TERMS OF THE ISSUER' S UNDERTAKING 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 CREDIT RELATES, AND ANY SUCH REFERENCE SHALL NOT BE DEEMED TO INCORPORATE HEREIN BY REFERENCE ANY DOCUMENT, INSTRUMENT OR AGREEMENT. ISSUER HEREBY ENGAGES WITH BENEFICIARY THAT DRAFTS) DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS CREDIT WILL BE DULY HONORED BY ISSUER IF PRESENTED WITHIN THE VALIDITY OF THIS CREDIT. THIS LETTER OF CREDIT IS ISSUED SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS, 2007 REVISION, INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 600. PLEASE ADDRESS ALL CORRESPONDENCE REGARDING THIS LETTER OF CREDIT TO JPMORGAN CHASE BANK, N.A., CIO JPMORGAN TREASURY SERVICES, 10420 HIGHLAND MANOR DR., 4TH FL TAMPA, FL 33610 INCLUDING THE LETTER OF CREDIT NUMBER MENTIONED ABOVE. FOR TELEPHONE ASSISTANCE, PLEASE CONTACT THE STANDBY CLIENT SERVICE UNIT AT 1-800-634-1969, OR 1-813-432-1210, AND HAVE THIS LETTER OF CREDIT NUMBER AVAILABLE. All inquiries regarding this transaction may be directed to our Client Service Group quoting our reference NUSCGS035833 using the following contact details: Telephone Number: 1-800-634-1969 Email Address: gts.client.services@jpmchase.com Yours Faithfully, JPMorgan Chase Bank, N.A., Authorized Signature Ruxandra Cravicenco ED - Operations Manager Organized under the laws of US A, with limited liabillt United States NUSCGS035833 03 Dec 2020 Page-2/2 T Packet Pg. 632 16.A.10. b DAVIDSON t N'.'''' -1 k1r!�' ESTABLISHED Civil Engineering • Planning • Permitting esigning xcellence Mr. Matt McLean December 7, 2020 Collier County Development Services 2800 N. Horseshoe Drive Naples, FL 34104 Re: City Gate Commerce Park Phase Three Replat No a (EX) Performance Guarantee Calculations Excavation Permit 2nd Review PL20200002319 Mr. McLean, Per Collier County Code of Ordinances, Section 22-115 the required performance guarantee requirements is calculated as follows: Perimeter of Proposed Lake = 1,288 LF - Bond Amount Calculations = $20.00 per LF = $20.00 x 1,288 LF - Bond Amount Upon Approval of Excavation Permit = $25,760 A minimum bond of $25,000 is required The bond requirement for the City Gate Phase Three project located on the East side of CR 951 just north of the 1-75 overpass, is $25,760. Should you have any questions or require additional information during your review process, please feel free to contact me at 239.434.6060, ext 2983 or men na(Wdavidsonengineering.com cerelyV a W,.E. oject Manager This ia:m has been elect�anitallP ygnee /,I' �� aM s.aletl by hv�a Wootlwntl P f uunga (; ,, ,,,,� SHhl aaRentr�non cafe. Pnnlea ropes I efsn�seac�mene are nu consitleretle�ee 1�„ar�E arA UWEaM the SVlA.l a�thenteax�an �aG+ s� wrrf�ee on anv eiemon�c copes. Digitally signed by Jenna Woodward Date: 2020.12.07 11:50:31-05'00' 4365 Radio Road • suite 201 • Naples, FL 34104 • P: 239.434.6060 • www.davidsonengineering.com Packet Pg. 633