Agenda 05/09/2023 Item #16A 7 (LOC for Construction of small section of driveway adjacent property east of Marquesa Plaza at Baldrige PUD)16.A.7
05/09/2023
EXECUTIVE SUMMARY
Recommendation to authorize the Clerk of Courts to release a Letter of Credit in the amount of $24,580
which was posted as a guarantee for work associated with the construction of a small section of the driveway
to the adjacent property located to the east of Marquesa Plaza at Baldrige PUD, PL20120001665, and
PL20180002247.
OBJECTIVE: To release a security that 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 developer has fulfilled his commitments with respect to work associated with this security and a
final inspection was conducted on January 31, 2023, by the Development Review Division.
FISCAL IMPACT: Performance 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 a Letter of Credit in the amount of $24,580
which was posted as a guarantee for work associated with the construction of a small section of the driveway to the
adjacent property located to the east of Marquesa Plaza at Baldrige PUD, PL20120001665, and PL20180002247.
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. 283
16.A.7
05/09/2023
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.A.7
Doc ID: 25055
Item Summary: Recommendation to authorize the Clerk of Courts to release a Letter of Credit in the amount of
$24,580 which was posted as a guarantee for work associated with the construction of a small section of the
driveway to the adjacent property located to the east of Marquesa Plaza at Baldrige PUD, PL20120001665, and
PL20180002247.
Meeting Date: 05/09/2023
Prepared by:
Title: Technician — Development Review
Name: Lucia Martin
03/23/2023 2:51 PM
Submitted by:
Title: Environmental Specialist — Growth Management and Community Development Department
Name: Jaime Cook
03/23/2023 2:51 PM
Approved By:
Review:
Growth Management and Community Development Department Diane Lynch
Engineering & Natural Resources Jack McKenna Additional Reviewer
Transportation Management Operations Support Evelyn Trimino
Operations & Regulatory Management Michael Stark Additional Reviewer
Development Review Brett Rosenblum Additional Reviewer
Growth Management and Community Development Department Jaime Cook
Growth Management and Community Development Department James C French
County Attorney's Office Derek D. Perry Level 2 Attorney Review
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review
Corporate Compliance and Continuous Improvement Megan Gaillard
Office of Management and Budget
County Attorney's Office
County Manager's Office
County Manager's Office
Board of County Commissioners
Laura Zautcke Additional Reviewer
Jeffrey A. Klatzkow Level 3 County Attorney's Office Review
Ed Finn CMO Completed
Geoffrey Willig Level 4 County Manager Review
Geoffrey Willig Meeting Pending
Growth Management DepartmentCompleted
03/23/2023 6:14 PM
Completed 03/24/2023 2:51 PM
Additional Reviewer Completed
03/28/2023 8:51 AM
Completed 03/28/2023 10:48 AM
Completed 03/28/2023 11:45 AM
Division Director Completed
04/11/2023 1:01 PM
Growth Management Completed
04/11/2023 5:16 PM
Completed 04/24/2023 2:36 PM
Completed 04/24/2023 2:53 PM
Additional Reviewer Completed
04/24/2023 5:26 PM
Completed 04/27/2023 10:32 AM
Completed 04/28/2023 9:45 AM
04/30/2023 6:52 PM
Completed 05/01/2023 9:27 AM
05/09/2023 9:00 AM
Packet Pg. 284
60
1
•.� �V( Q LliA lu U
�-
or,,+
�I
I xjPI
0 4 oil u
a►wr�itr
�II
blal
v q •
- - 7il
;;".z
16.A.7.b
IRREVOCABLE STANDBY LETTER OF CREDIT NO. 341
ISSUER: Legacy Bank of Florida 2300 Glades Road Suite 140 West Boca Raton, Florida
33431 (hereinafter "issuer")
PLACE OF EXPIRY: At issuer's counters.
DATE OF EXPIRY: This Credit shall be valid until August 18, 2012, and shall thereafter be
automatically renewed for successive one-year periods on the anniversary of it's issue unless at least
sixty (60) days prior to any such anniversary date, the Issuer notifies the Beneficiary in writing by
registered mail that the Issuer elects not to so renew this Credit.
APPLICANT: Livingston and Pine Ridge, LLC (hereinafter "Applicant") 1427 Clarkview Road
Suite 500 Baltimore, Maryland 21209
BENEFICIARY: The Board of County Commissioners, Collier County, Florida (hereinafter
"Beneficiary") c/o Transportation Planning Section, 2800 N. Horseshoe Drive, Naples, FL. 34104.
AMOUNT: $ 24,580.00 (US) up to an aggregate thereof.
CREDIT AVAILABLE WITH: Issuer.
BY: Payment against documents detailed herein and Beneficiary's drafts at sight drawn on the
Issuer.
DOCUMENTS REQUIRED: AVAILABLE BY BENEFICIARY'S DRAFT(S) AT SIGHT
DRAWN ON THE ISSUER AND ACCOMPANIED BY BENEFICIARY'S STATEMENT U)
0
PURPORTEDLY SIGNED BY THE COUNTY MANAGER OR HIS DESIGNEE CERTIFYING N
THAT: "Livingston and Pine Ridge, LLC has failed to construct and/or maintain the v,
improvements associated with that certain plat of a subdivision known as Baldridge PUD or a final m
inspection satisfactory to Collier County has been performed prior to the date of expiry, and
satisfactory alternate performance security has not been provided to and formally accepted by the o
Beneficiary" m
c
a�
DRAFT(S) DRAWN UNDER THIS LETTER OF CREDIT MUST BE MARKED: "Drawn under E
Legacy Bank of Florida Credit No. Letter of Credit 341, dated August 18, 2011". The original
Letter of Credit and all amendments, if any, must be presented for proper endorsement. Draft(s) may a
be presented within the State of Florida at-the•follbwin address 2300 Glades Road Suite 140 West
Boca Raton Florida 33431
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.
Packet Pg. 286
16.A.7.b
Issuer hereby engages with Beneficiary that Draft(s) 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 Credit is subject to the Uniform Customs and Practice for Documentary Credits (2007
Revision) International Chamber of Commerce Publication No. 600
Legaey /dank of Florida
By; 4[�rv�s
Patricia A. Bedley
Senior Vice President
Y.
U)
M
m
c
0
m
c
a�
E
t
M
Q
Packet Pg. 287
� TA-1a
16.A.7. b
Phoenix" 1 of 1 Florida,
259D Northbrookc Plaza Drive. Suife No. 308, NapleL FLQrida 34119
Ph: 439.596.9111 fz; 139-596.1637
EnSirleers Estimate of Construction Cost
for
Jarqu"e Plaza
Breaj doin of Probable Construction Cost
UNIT DESCRIPTION
UANITY
COST PER UNIT TOTAL
Clearing, Fill & Grading
X
(Unit Cost)
512,045.07 n 512,045.87
Pavement & Subgrade (SY)
558 X
(Unit Cost)
510.30 = 55,747,40
Type F Curb (LF)
140 X
(Unit Cost)
511.69 = S1,fi64.fi0
Raise Fxisting CB
X
(Unit Cost)
$589.58 — 5589.58
Sod (5F)
1,600 X
(Unit Cost)
50.92 a 51,472.oD
Trees
0 X
(Lnit Cost)
5221.00 = 5442,OD
Preserve Sign
0 X
{Unit Cost)
SG0.00 56fl.00
Red Reflector Object Markers
X
(Unit Cost)
5108,00 = 5324.00
SUBTOTAL $22,345.45
10% Contigensy $2,234.55
TOTAL — $24,580.00
•�Illl tf rrllr
H. MCAsellitt"/(�'/�T'•.
00
* No,51435
/rlllllllll11�1 VN
Approved By: DNA - \\•
Kevin H. McVicker, P.E.
P.E. #51436
In
LO
0
N
N
tQ
co
C
O
m
c
d
t
u
M
r
Q
Page 1
Packet Pg. 288