Agenda 06/27/2023 Item #16A 6 (Resolution - Private roadway and drainage improvements for the final plat of Edge 75 by Watermark)16.A.6
06/27/2023
EXECUTIVE SUMMARY
Recommendation to approve a Resolution for final acceptance of the private roadway and drainage
improvements, acceptance of the plat dedications, for the final plat of Edge 75 by Watermark, Application
Number PL20190000548 (FP) and Application Number PL20180003695 (SDP), and authorize the release of
the maintenance security in the amount of $8,946.
OBJECTIVE: To have the Board of County Commissioners (Board) accept final approval of the infrastructure
improvements associated with the subdivision, accept the plat dedications, and release the maintenance security.
CONSIDERATIONS:
1) On October 15, 2021, the Growth Management Department granted preliminary site acceptance of the
roadway and drainage improvements in Edge 75 by Watermark under PL20180003695 (SDP).
2) The roadway and drainage improvements will be maintained by the project's property owner's association.
3) The required improvements have been constructed in accordance with the Land Development Code. The
Growth Management Department inspected the improvements on November 19, 2021, and is
recommending final acceptance of the improvements.
4) A resolution for final acceptance has been prepared by staff and approved by the County Attorney's Office.
The resolution is a requirement of Section 10.02.05 C of the Land Development Code. A copy of the
resolution is attached.
FISCAL IMPACT: The project's homeowner's association will maintain the roadway and drainage
improvements. The remaining surety represents the 10% maintenance security of $8,946.00 to be released upon
Board approval. The original security in the amount of $98,406 has been reduced to the current amount of $8,946
based on the work performed, completed, and pursuant to the terms of the Construction and Maintenance
Agreement dated June 8, 2020.
GROWTH MANAGEMENT IMPACT: No growth management impact is 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 grant final acceptance of the roadway and drainage improvements in Edge 75 by
Watermark, Application Number PL20190000548 (FP), and PL20180003695 (SDP), and authorize:
1. To execute the attached resolution authorizing the final acceptance of the improvements and plat
dedications.
2. The Clerk of Courts to release the maintenance security.
Prepared by: Lucia S. Martin, Project Manager I, Development Review Division
ATTACHMENT(S)
1. Location Map (PDF)
2. Bond Basis (PDF)
3. Resolution (PDF)
4. Plat Map (PDF)
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16.A.6
06/27/2023
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.A.6
Doc ID: 25630
Item Summary: Recommendation to approve a Resolution for final acceptance of the private roadway and
drainage improvements, and acceptance of the plat dedications, for the final plat of Edge 75 by Watermark,
Application Number PL20190000548 (FP) and Application Number PL20180003695 (SDP), and authorize the
release of the maintenance security in the amount of $8,946.
Meeting Date: 06/27/2023
Prepared by:
Title: Technician — Development Review
Name: Lucia Martin
05/22/2023 11:44 AM
Submitted by:
Title: Environmental Specialist — Growth Management and Community Development Department
Name: Jaime Cook
05/22/2023 11:44 AM
Approved By:
Review:
Development Review Brett Rosenblum Additional Reviewer
Operations & Regulatory Management Michael Stark Additional Reviewer
Transportation Management Operations Support Evelyn Trimino
Growth Management and Community Development Department Diane Lynch
Growth Management and Community Development Department Jaime Cook
Engineering & Natural Resources Diane Lynch Additional Reviewer
Growth Management and Community Development Department James C French
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
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
Completed 05/22/2023 12:48 PM
Completed 05/22/2023 1:19 PM
Additional Reviewer Completed
05/22/2023 1:52 PM
Growth Management DepartmentCompleted
05/23/2023 2:55 PM
Division Director Completed
06/01 /2023 9:20 AM
Skipped 06/02/2023 5:28 PM
Growth Management Completed
06/06/2023 11:55 AM
Completed 06/11/2023 10:56 PM
Completed 06/12/2023 12:55 PM
Completed 06/14/2023 10:57 AM
Completed 06/16/2023 9:51 AM
Completed 06/16/2023 11:00 AM
06/27/2023 9:00 AM
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16.A.6.b
CONSTRUCTION AND MAINTENANCE AGREEMENT FOR SUBDIVISION IMPROVEMENTS
THIS CONSTRUCTION AND MAINTENANCE
entered into this Rtlr day of Tnne
referred to as "Developer", and Board of County
referred to as the "Board".
AGREEMENT FOR SUBDIVISION IMPROVEMENTS
, 20 20 between N, YINIP1---t �1,2110 4. L_C hereinafter
Commissioners of Collier
RECITALS:
County, Florida, hereinafter
A. Developer has, simultaneously with the delivery of this Agreement, applied for the approval by the Board
of certain plat of a subdivision to be known as: F°UF 15 F11 WATERMARK
B. Chapter 4 and 10 of the Collier County Land Development Code required 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 mutual covenants hereinafter set
forth, Developer and the Board do hereby covenant and agree as follows:
A oSidewalk along Bedzel Circle and Joyrose 15li Construction of a new read cross section for Sedzel Circle from
the Joyrose Place intersection !o the end of Mallorca Street. Milling and overlaying a t inch layer of asphalt, and
Developer will Cause to be constructed: instailation of supporting storm drainage system improvements along Bedzel Circle.
within 24 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 $ 98.406 X1, which amount represents 10% of the total
contract cost to complete the construction plus 100% of the estimated cost of 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 Developer's engineer along with the final project records have been furnished to be reviewed and
approved by the County Manager or his designee for compliance with the Collier County Land
Development Code.
5. The County Manager or designee 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 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 County Manager's approval of the
improvements. However, in no event shall the County Manager or designee refuse preliminary approval
of the improvements if they are in fact constructed and submitted for approval in accordance with the
requirements of this Agreement.
The Developer shall maintain all required improvements for a minimum period of one year after
preliminary approval by the County Manager or his designee. After the one-year maintenance period by
the Developer has terminated, the Developer shall petition the County Manager or designee to inspect
the required improvements. The County Manager or designee shall inspect the improvements and, if
found to be still in compliance with the Land Development Code as reflected by final approval by the
Board, the Board shall release the remaining 10% of the subdivision performance security. The
Developer's responsibility for maintenance of the required improvements shall continue unless or until
the Board accepts maintenance responsibility for and by the County.
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16.A.6. b
7. Six (6) months after the execution of this Agreement and once within every six (6) months thereafter the
Developer may request the County Manager or designee 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 County Manager or
designee. The County Manager or designee 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 its obligations under this Agreement, upon
certification of such failure, the County Manager or designee 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.
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.
IN WITNESS WHEREOF, the Board and the Developer have caused this Agreement to be executed by
their duly authorized representatives this 81h day of June 20 2020
SIGNED IN THE PRESENCE OF:
(Name of Entity)
Witness:
By:
Printed Name: by "I Wh+, � 1 t
t 1K i�.
'ku,
Witnes r
Printed Name/Title
(President, VP, or CEO)
Provide Proper Evidence of Authority)
Printe me:
C Wlle 15TA L, C
ATTEST:
CRYSTAL K. KINZEL, CLERK
BOARD OF COUNTY COMMISSIONERS
OF
COLLIER COUNTY, FLORIDA
By:
By:
Deputy Clerk
Chairman
n gality:
Approved as to form 71
•. e'r
Assistant County Attorney
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16.A.6. b
PERFORMANCE BOND
KNOW ALL PERSONS BY THESE PRESENTS: that
Watermark at Naples FL Development, LLC
901 Wabash Ave., Ste. 300
Terre Haute, IN 47807
(Hereinafter referred to a "Owner") and
Fidelity and Deposit Company of Maryland
1299 Zurich Way, 5th Floor
Schaumburg, iL 60196-1056
317-753-3078
BOND NO. 9329287
(Name of Owner)
(Address of Owner)
(Address of Owner)
(Name of Surety)
(Address of Surety)
(Address of Surety)
(Telephone Number)
(hereinafter referred to as "Surety") are held and firmly bound unto Collier County, Florida, (hereinafter
referred to as "County") in the total aggregate sum of Ninty Eight Thousand Four Hundred Six and 00/100 Dollars
($ 98,406.00 ) in lawful money of the United States, for the payment of which sum well and truly
to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and
severally, firmly by these presents. Owner and Surety are used for singular or plural, as the context
requires.
THE CONDITION OF THIS OBLIGATION is such that whereas, the Owner has submitted for approval by
the Board of a certain subdivision plat named Edge 75 by Watermark and that
certain subdivision shall include specific improvements which are required by Collier County Ordinances
and Resolutions (hereinafter "Land Development Regulations"). This obligation of the Surety shall
commence on the date this Bond is executed and shall continue until the date of final acceptance by the
Board of County Commissioners of the specific improvements described in the Land Development
Regulations (hereinafter the "Guaranty Period").
NOW THEREFORE, if the Owner shall well, truly and faithfully perform its obligations and duties
in accordance with the Land Development Regulations during the guaranty period established by the
County, and the Owner shall satisfy all claims and demands incurred and shall fully indemnify and save
harmless the County from and against all costs and damages which it may suffer by reason of owner's
failure to do so, and shall reimburse and repay the County all outlay and expense which the County may
incur in making good any default, then this obligation shall be void, otherwise to remain in full force and
effect.
PROVIDED, FURTHER, that the said Surety, for value received hereby, stipulates and agrees that
no change, extension of time, alteration, addition or deletion to the proposed specific improvements
shall in any way affect its obligation on this Bond, and it does hereby waive notice of any such change,
extension of time, alteration, addition or deletion to the proposed specific improvements.
PROVIDED, FURTHER, that it is expressly agreed that the Bond shall be deemed amended automatically
and immediately, without formal and separate amendments hereto, so as to bind the
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16.A.6. b
Owner and the Surety to the full and faithful performance in accordance with the Land Development
Regulations. The term "Amendment", wherever used in this Bond, and whether referring to this Bond,
or other documents shall include any alteration, addition or modification of any character whatsoever.
IN WITNESS WHEREOF, the parties hereto have caused this PERFORMANCE BOND to be executed this
2nd day of June / 2020 /
WITNESSES:
(Owner Name and Title if Corpor�it n)
Watermark at Naples F e✓ I p94t, LLC
By:
Pr' ted a . V, `, ��q
Printed Name/TiVVIt& ma na 1/y
(Provide Proper Evidence of Authority)
Xinted Name
ACKNOWLEDGEMENT
STATE OF
COUNTY OF 61:k •J
THE FOREGOING PERFORMANCE BOND
WAS ACKNOWLEDGED BEFORE ME BY MEANS
OF ® PHYSICAL PRESENCE OR ❑ ONLINE NOTARIZATION THIS DAY OF �un1-- l �l / ,
20 -..v ,by �Vl ,`�"hr F�
(NAME OF ACKNOWLEDGER) AS min r
(TITLE) OF Wa�Zr&wV_ N LUuti
AME OF COMPANY) WHO IS PERSONALLY K W TO
ME, OR HAS PRODUCED
AS IDENTIFICATION.
NotaryPublic—Stateof
TAW L ROBERTSON
(SEAL)
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.`PPY A�B�'.-Notary Pu41,C. State of Intl�B�a
o •' %= Parke C°u�ty
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-Z-,SEAL:.` Cammiss'on Number 703782
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August 29,
Printed Name
WITNESSES:
(Surety Name and Title if Corporation)
Fideli Deposit o of Ma land
Printed Name
Printed Name/Title
Debra Hutts, Attorney -in -Fact
(Provide Proper Evidence of Authority)
Printed Name
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16.A.6.b
ACKNOWLEDGEMENT
STATE OF Indiana
COUNTY OF
THE FOREGOING PERFORMANCE BOND WAS ACKNOWLEDGED BEFORE ME BY MEANS
OF ® PHYSICAL PRESENCE OR ❑ ONLINE NOTARIZATION THIS DAY OF 2nd June
20 20 by Debra Hutts (NAME OF ACKNOWLEDGER) AS Attorney -in -Fact
(TITLE) OF Fidelity and Deposit Company of Maryland (NAME OF COMPANY) WHO IS PERSONALLY KNOW TO
ME, OR HAS PRODUCED Driver's License AS IDENTIFICATION.
Notary Public —State of Indiana
(SEAL)
nj �d
Printed Name Anita D. Stewart
ANITA D. STEWART, Notary Public
EAL
" Vigo County, State of Indiana
L Commission #680929
My Commission Expires March 12, 2024
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16.A.6. b
ZURICH AMERICAN INSURANCE COMPANY
COLONIAL AMERICAN CASUALTY AND SURETY COMPANY
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS: That the ZURICH AMERICAN INSURANCE COMPANY, a corporation of the State of New
York, the COLONIAL AMERICAN CASUALTY AND SURETY COMPANY, a corporation of the State of Illinois, and the FIDELITY
AND DEPOSIT COMPANY OF MARYLAND a corporation of the State of Illinois (herein collectively called the "Companies"), by
Robert D. Murray, Vice President, in pursuance of authority granted by Article V, Section 8, of the By -Laws of said Companies, which are
set forth on the reverse side hereof and are hereby certified to be in full force and effect on the date hereof, do hereby nominate,
constitute, and appoint Debra HUTTS, Thomas G. WOODASON and Amy A. FREDERICK, all of Terre Haute, Indiana, its true and
lawful agent and Attorney -in -Fact, to make, execute, seal and deliver, for, and on its behalf as surety, and as its act and deed: any and all
bonds and undertakings, and the execution of such bonds or undertakings in pursuance of these presents, shall be as binding upon said
Companies, as fully and amply, to all intents and purposes, as if they had been duly executed and acknowledged by the regularly
elected officers of the ZURICH AMERICAN INSURANCE COMPANY at its office in New York, New York., the regularly elected
officers of the COLONIAL AMERICAN CASUALTY AND SURETY COMPANY at its office in Owings Mills, Maryland., and the
regularly elected officers of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND at its office in Owings Mills, Maryland., in
their own proper persons.
The said Vice President does hereby certify that the extract set forth on the reverse side hereof is a true copy of Article V, Section 8, of
the By -Laws of said Companies, and is now in force.
IN WITNESS WHEREOF, the said Vice -President has hereunto subscribed his/her names and affixed the Corporate Seals of the said
ZURICH AMERICAN INSURANCE COMPANY, COLONIAL AMERICAN CASUALTY AND SURETY COMPANY, and
FIDELITY AND DEPOSIT COMPANY OF MARYLAND, this 10th day of January, A.D. 2020.
0
ATTEST:
ZURICH AMERICAN INSURANCE COMPANY
COLONIAL AMERICAN CASUALTY AND SURETY COMPANY
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
By: Robert D. Murray
Vice President
By: Dawn E. Brown
Secretary
State of Maryland
County of Baltimore
On this 1 Oth day of January, A.D. 2020, before the subscriber, a Notary Public of the State of Maryland, duly commissioned and qualified, Robert D.
Murray, Vice President and Dawn E. Brown, Secretary of the Companies, to me personally known to be the individuals and officers described in and who
executed the preceding instrument, and acknowledged the execution of same, and being by me duly swom, deposeth and saith, that he/she is the said officer of
the Company aforesaid, and that the seals affixed to the preceding instrument are the Corporate Seals of said Companies, and that the said Corporate Seals and
the signature as such officer were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporations.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my Official Seal the day and year first above written.
i7�cti�t�
i T`:z:
�.,
Constance A. Dunn, Notary Public
::'`~
.,At 1e���
My Commission Expires: July 9, 2023
�h1i� it���'
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16.A.6. b
EXTRACT FROM BY-LAWS OF THE COMPANIES
. "Article V, Section 8, Attorneys -in -Fact. The Chief Executive Officer, the President, or any Executive Vice President or Vice President
may, by written instrument under the attested corporate seal, appoint attorneys -in -fact with authority to execute bonds, policies,
recognizances, stipulations, undertakings, or other like instruments on behalf of the Company, and may authorize any officer 6r any such
attorney -in -fact to affix the corporate seal thereto; and may with or without cause modify of revoke any such appointment or authority at any
time."
CERTIFICATE
I, the undersigned, Vice President of the ZURICH AMERICAN INSURANCE COMPANY, the COLONIAL AMERICAN
CASUALTY AND SURETY COMPANY, and the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, do hereby certify that the
foregoing Power of Attorney is still in full force and effect on the date of this certificate; and I do further certify that Article V, Section 8, of
the By -Laws of the Companies is still in force.
This Power of Attorney and Certificate may be signed by facsimile under and by authority of the following resolution of the Board of
Directors of the ZURICH AMERICAN INSURANCE COMPANY at a meeting duly called and held on the 15th day of December 1998.
RESOLVED: "That the signature of the President or a Vice President and the attesting signature of a Secretary or an Assistant Secretary
and the Seal of the Company may be affixed by facsimile on any Power of Attorney ... Any such Power or any certificate thereof bearing such
facsimile signature and seal shall be valid and binding on the Company."
This Power of Attorney and Certificate may be signed by facsimile under and by authority of the following resolution of the Board of
Directors of the COLONIAL AMERICAN CASUALTY AND SURETY COMPANY at a meeting duly called and held on the 5th day of
May, 1994, and the following resolution of the Board of Directors of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND at a
meeting duly called and held on the 10th day of May, 1990.
RESOLVED: "That the facsimile or mechanically reproduced seal of the company and facsimile or mechanically reproduced signature
of any Vice -President, Secretary, or Assistant Secretary of the Company, whether made heretofore or hereafter, wherever appearing upon a
certified copy of any power of attorney issued by the Company, shall be valid and binding upon the Company with the same force and effect
as though manually affixed.
J)4TIMONY EREOF, I have hereunto subscribed my name and affixed the corporate seals of the said Companies,
this day of 14�w
map
SEAL
� 1 1
Michael C. Fay, Vice President
TO REPORT A CLAIM WITH REGARD TO A SURETY BOND, PLEASE SUBMIT A COMPLETE DESCRIPTION
OF THE CLAIM INCLUDING THE PRINCIPAL ON THE BOND, THE BOND NUMBER, AND YOUR CONTACT
INFORMATION TO:
Zurich Surety Claims
1299 Zurich Way
Schaumburg, IL 60196-1056
www.roortsfclaimsAzurichna.com
800-6264577
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16.A.6. b
Edge 75 by Watermark Plat
Engineer's Opinion of Probable Cost - Bond Amount
Paving
Unit
Quantity
Price
Total
12" Stabilized Subgrade - Roadways and Parking
SY
325
$ 2.00
$ 650.00
6" Limerock Base (Compacted and Primed)
SY
300
$ 8.00
$ 2,400.00
1.5" Asphaltic Concrete Type S-III
SY
250
$ 7.00
$ 1,750.00
Mill and 1" SP 9.5 Asphalt overlay
LS
1
$ 10,000.00
$ 10,000.00
Concrete Sidewalk
SY
1,400
$ 35.00
$ 49,000.00
Pavement Markings and Signing
LS
1
$ 5,000.00
$ 5,000.00
Sub -Total
$ 68,800.00
Storm Drainage
Unit
Quantity
Price
Total
18" HDPE
LF
30
$ 48.00
$ 1,440.00
24" HDPE
LF
85
$ 56.00
$ 4,760.00
24" RCP
LF
10
$ 60.00
$ 600.00
TYPE 'C'
EA
3
$ 1,540.00
$ 4,620.00
JB
EA
1 6
1 $ 1,540.00
$ 9,240.00
Sub -Total
$ 20,660.00
Total: $ 89,460.00
110% Bond Amount: $ 98,406.00
anr`
Digitally signed by Francis J. Feeney,
P.E.
DN: c=US, st=Florida, 1—Bonita
Springs, o=Q. Grady Minor &
Associates, cn=Francis J. Feeney, P.E.,
email=ffeeney@gradyminor.com
Date: 2020.05.07 14:58:25-04'00'
G:\Engineering\PROJ-ENG\W\WATERSDPLT\06DP\02SDP\OPC\Bond Watermark 20200507
Page 1
Packet Pg. 468
Detail by Entity Name Page 1 o
g 16.A.6.b
Florida Department of State DIVISION OF CORPORATIONS
org
Department of State / Division of Corporations / Search Records / Search by Entity Name /
Detail by Entity Name
Foreign Limited Liability Company
WATERMARK AT NAPLES FL DEVELOPMENT, LLC
Filing Information
Document Number M19000011619
FEI/EIN Number 84-3164889
Date Filed 11/13/2019
State DE
Status ACTIVE
Principal Address
901 WABASH AVENUE
SUITE 300
TERRE HAUTE, IN 47807
Changed: 01/24/2020
Mailing Address
901 WABASH AVENUE
SUITE 300
TERRE HAUTE, IN 47807
Changed: 01/24/2020
Registered Agent Name & Address
CORPORATION SERVICE COMPANY
Packet Pg. 469
http://search.sunbiz.org/Inquiry/CorporationSearch/SearchResu]tDetail?inquirytype=Entity...
Detail by Entity Name
Page 2 o 16.A.6.b
1201 HAYS STREET
TALLAHASSEE, FL 32301
Authorized Person(s) Detail
Name & Address
Title MANAGER
THRIFT, PAUL M.
901 WABASH AVENUE
SUITE 300
TERRE HAUTE, IN 47807
Annual Reports
Report Year Filed Date
2020 01 /24/2020
Document Images
01/24/2020 -- ANNUAL REPORT View image in PDF format
11/13/2019 -- Foreign Limited View image in PDF format
Florida Department of State, Division of Corporations
http://search.sunbiz.org/lnquiry/CorporationSearch/SearchResultDetail?inquirytype=Entity... I Packet Pg. 470
16.A.6. b
00i Pler 0014nty
Growth Management Department
Development Review Division
September 27, 2021
Fidelity and Deposit Company of Maryland
1299 Zurich Way, 5" Floor
Schaumburg, IL. 60196-1056
RE: Performance Bond No. 9329287 / Watermark at Naples FL Development
Edge 75 by Watermark development PL20190000548
Dear Sir or Madam:
Please be advised that based on the work completed and inspected to date, the subject
Performance Bond may now be reduced by $89,406.00, leaving an available surety of $8,946.00.
The remaining surety represents the 10% maintenance security of $8,946.00,
An original Bond Rider should be submitted to this office reducing the value of the security, "all
other terms and conditions of the original Performance Bond to remain in full force and effect".
This reduction will become effective upon our receipt of the original Bond Rider.
If I can be of any further assistance to you in this regard, please let me know.
Sincerely,
,7GHN HOULDSWORTN
John R. Houldsworth
Senior Site Plans Reviewer
With authority in these matters
Cc: Grady Minor
Developmeri Review Qmsion • 2f3W Norfh Hase4= Dave • Naples, Rands 34104.239.252-2400 • wrvw cokrwYrd
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1 ti.A.6. b
GENERAL SURETY RIDER
To be attached and form a part of
Type of Bond: General Improvement Bond
Bond No.: 9329287
Dated effective: 6/2/2020
(MONTH, DAY, YEAR)
executed by: Watermark at Naples FL, LLC , as Principal,
(PRINCIPAL)
and bv: Fidelity and Deposit Companv of Maryland , as Surety,
(SURETY)
and in favor of: Collier County .
(OBLIGEE)
In consideration of the mutual agreements herein contained the Principal and the Surety hereby consent to
changing
Nothing herein contained shall vary, alter or extend any provision or condition of this bond except as herein
expressly stated.
This rider is effective 10/7/2021
(MONTH, DAY, YEAR)
Signed and Sealed 10/7/2021
(MONTH, DAY, YEAR)
Watermark at Naples FL, LLC
PRINCIPAL
TITIJ'.
Fidelity and Deposit Com anv of Maryland
SURETY
BY:zi&g 4v—
Debra Hutts, ATTORNEY -IN -FACT
„ao Co
`�0Qo5�
a /OPP ORgT i o�='
y` i�yo XQJa$'o
pnnu nnPoo,
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16.A.6. b
ZURICH AMERICAN INSURANCE COMPANY
COLONIAL AMERICAN CASUALTY AND SURETY COMPANY
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS: That the ZURICH AMERICAN INSURANCE COMPANY, a corporation of the State of New
York, the COLONIAL AMERICAN CASUALTY AND SURETY COMPANY, a corporation of the State of Illinois, and the FIDELITY
AND DEPOSIT COMPANY OF MARYLAND a corporation of the State of Illinois (herein collectively called the "Companies"), by
Robert D. Murray, Vice President, in pursuance of authority granted by Article V, Section 8, of the By -Laws of said Companies, which are
set forth on the reverse side hereof and are hereby certified to be in full force and effect on the date hereof, do hereby nominate, constitute,
and appoint Catherine KRUEGER, Thomas G. WOODASON, Debra HUTTS of Terre Haute, Indiana, EACH, its true and lawful
agent and Attorney -in -Fact, to make, execute, seal and deliver, for, and on its behalf as surety, and as its act and deed: any and all bonds
and undertakings, and the execution of such bonds or undertakings in pursuance of these presents, shall be as binding upon said Companies,
as fully and amply, to all intents and purposes, as if they had been duly executed and acknowledged by the regularly elected officers of the
ZURICH AMERICAN INSURANCE COMPANY at its office in New York, New York., the regularly elected officers of the COLONIAL
AMERICAN CASUALTY AND SURETY COMPANY at its office in Owings Mills, Maryland., and the regularly elected officers of the
FIDELITY AND DEPOSIT COMPANY OF MARYLAND at its office in Owings Mills, Maryland., in their own proper persons.
The said Vice President does hereby certify that the extract set forth on the reverse side hereof is a true copy of Article V, Section 8, of
the By -Laws of said Companies, and is now in force.
IN WITNESS WHEREOF, the said Vice -President has hereunto subscribed his/her names and affixed the Corporate Seals of the said
ZURICH AMERICAN INSURANCE COMPANY, COLONIAL AMERICAN CASUALTY AND SURETY COMPANY, and
FIDELITY AND DEPOSIT COMPANY OF MARYLAND, this 09th day of April, A.D. 2021.
ATTEST:
ZURICH AMERICAN INSURANCE COMPANY
COLONIAL AMERICAN CASUALTY AND SURETY COMPANY
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
By: Robert D. Murray
Vice President
By: Dawn E. Brown
Secretary
State of Maryland
County of Baltimore
On this 09th day of April, A.D. 2021, before the subscriber, a Notary Public of the State of Maryland, duly commissioned and qualified, Robert D.
Murray, Vice President and Dawn E. Brown, Secretary of the Companies, to me personally known to be the individuals and officers described in and who
executed the preceding instrument, and acknowledged the execution of same, and being by me duly sworn, deposeth and saith, that he/she is the said officer of
the Company aforesaid, and that the seals affixed to the preceding instrument are the Corporate Seals of said Companies, and that the said Corporate Seals and
the signature as such officer were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporations.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my Official Seal the day and year first above written.
,�,,uurrrp
CL
:, ;.• ,�tr.��.; ����
Constance A. Dunn, Notary Public
My Commission Expires: July 9, 2023
Authenticity of this bond can be confirmed at bondvalidator.zurichna.com or 410-559-8790
Packet Pg. 473
16.A.6.b
EXTRACT FROM BY-LAWS OF THE COMPANIES
"Article V, Section 8, Attorneys -in -Fact. The Chief Executive Officer, the President, or any Executive Vice President or Vice President
may, by written instrument under the attested corporate seal, appoint attorneys -in -fact with authority to execute bonds, policies,
recognizances, stipulations, undertakings, or other like instruments on behalf of the Company, and may authorize any officer or any such
attorney -in -fact to affix the corporate seal thereto; and may with or without cause modify of revoke any such appointment or authority at any
time."
CERTIFICATE
I, the undersigned, Vice President of the ZURICH AMERICAN INSURANCE COMPANY, the COLONIAL AMERICAN
CASUALTY AND SURETY COMPANY, and the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, do hereby certify that the
foregoing Power of Attorney is still in full force and effect on the date of this certificate; and I do further certify that Article V, Section 8, of
the By -Laws of the Companies is still in force.
This Power of Attorney and Certificate may be signed by facsimile under and by authority of the following resolution of the Board of
Directors of the ZURICH AMERICAN INSURANCE COMPANY at a meeting duly called and held on the 15th day of December 1998.
RESOLVED: "That the signature of the President or a Vice President and the attesting signature of a Secretary or an Assistant Secretary
and the Seal of the Company may be affixed by facsimile on any Power of Attorney ... Any such Power or any certificate thereof bearing such
facsimile signature and seal shall be valid and binding on the Company."
This Power of Attorney and Certificate may be signed by facsimile under and by authority of the following resolution of the Board of
Directors of the COLONIAL AMERICAN CASUALTY AND SURETY COMPANY at a meeting duly called and held on the 5th day of
May, 1994, and the following resolution of the Board of Directors of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND at a
meeting duly called and held on the loth day of May, 1990.
RESOLVED: "That the facsimile or mechanically reproduced seal of the company and facsimile or mechanically reproduced signature
of any Vice -President, Secretary, or Assistant Secretary of the Company, whether made heretofore or hereafter, wherever appearing upon a
certified copy of any power of attorney issued by the Company, shall be valid and binding upon the Company with the same force and effect
as though manually affixed.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seals of the said Companies,
this 7th day of October . 2021 .
O's
��8iA6 wr
,111111111111„,'
�Qosa con,pa,,
.''annn,,,,,,a�`�• JJl
By: Brian M. Hodges
Vice President
TO REPORT A CLAIM WITH REGARD TO A SURETY BOND, PLEASE SUBMIT A COMPLETE DESCRIPTION
OF THE CLAIM INCLUDING THE PRINCIPAL ON THE BOND, THE BOND NUMBER, AND YOUR CONTACT
INFORMATION TO:
Zurich Surety Claims
1299 Zurich Way
Schaumburg, IL 60196-1056
www.reDortsfclaimsnu.zuriclina.com
800-626-4577
Authenticity of this bond can be confirmed at bondvalidator.zurichna.com or 410-559-8790
Packet Pg. 474
16.A. t3. b
Thu 9/30/2021 9-Z3 AM
A!vare-Kyle
Re: Edge 75 by Watermark Bond Reduction Request
to ■ JohnHouldsworthVFN
8 You replied to this message on 9/30/2021 9:50 AM.
Bing Maps
John this is good to go.
Thank you,
Kyle
Sent from my iPhone
On Sep 27, 2021, at 9:44 AM, JohnHouldsworthVEN <John.Houldsworth@colliercountyfl.pov> wrote:
Kyle,
Can you take a look at this in Joe's absence? Thank you
Respectfully,
John Houldsworth
Senior Site Plans Reviewer
Packet Pg. 475
16.A.6.c
RESOLUTION NO. 23-
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA
AUTHORIZING FINAL ACCEPTANCE OF CERTAIN
ROADWAY AND DRAINAGE IMPROVEMENTS AND PLAT
DEDICATIONS IN EDGE 75 BY WATERMARK, ACCORDING
TO THE PLAT THEREOF RECORDED IN PLAT BOOK 68,
PAGES 78 THROUGH 81, AND RELEASE OF THE
MAINTENANCE SECURITY.
WHEREAS, the Board of County Commissioners of Collier County, Florida, on July 14,
2020, approved the plat of Edge 75 by Watermark for recording; and
WHEREAS, the Developer has constructed and maintained the roadway and drainage
improvements in accordance with the approved plans and specifications as required by the Land
Development Code (Collier County Ordinance No. 04-41, as amended); and
WHEREAS, the Developer is requesting final acceptance of the roadway and drainage
improvements and release of the maintenance security; and
WHEREAS, the Development Review Division has inspected the roadway and drainage
improvements, and is recommending acceptance of said facilities.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that final acceptance is hereby
granted for those roadway and drainage improvements and plat dedications in Edge 75 by
Watermark, pursuant to the plat thereof recorded in Plat Book 68, pages 78 through 81, and the
Clerk is hereby authorized to release the maintenance security.
c
BE IT FURTHER RESOLVED AND ORDERED that the roadway and drainage °
improvements within Edge 75 by Watermark will be maintained privately in the future and will c
not be the responsibility of Collier County.
This Resolution adopted after motion, second and majority vote favoring same, this
day of , 2023. E
DATE: BOARD OF COUNTY COMMISSIONERS
ATTEST: COLLIER COUNTY, FLORIDA a
CRYSTAL K. KINZEL, CLERK
By:
Deputy Clerk
Approved as to form and legalit
O
Derek D. Perry
Assistant County Attorney
Rick LoCastro, Chairman
[23-EIS-04865/1793073/1]
Page 1 of 1
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