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Agenda 09/12/2023 Item #16A11 (Release performance bond for work associated with Hacienda North - Phase 1)09/12/2023 EXECUTIVE SUMMARY Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of $323,500, which was posted as a development guaranty for an Early Work Authorization (EWA) for work associated with Hacienda North - Phase 1, PL20220001518. OBJECTIVE: To release security that was posted as a development guarantee. 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 (EWA) for Hacienda North - Phase 1 PPL (PL20210001119). On September 27, 2022, the PPL was approved by the Board of County Commissioners, and the EWA bond is no longer required. A recent inspection confirmed that the developer had fulfilled the commitments of the EWA. FISCAL IMPACT: Performance Bond securities are held as a development guarantee and released after work is performed. 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 authorize the Clerk of Courts to release the Performance Bond for $323,500. 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, Project Manager I, Development Review Division ATTACHMENT(S) 1. Location Map (PDF) 2. Bond Basis (PDF) 16.A.11 Packet Pg. 388 09/12/2023 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.11 Doc ID: 26277 Item Summary: Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of $323,500, which was posted as a development guaranty for an Early Work Authorization (EWA) for work associated with Hacienda North – Phase 1, PL20220001518. Meeting Date: 09/12/2023 Prepared by: Title: Technician – Development Review Name: Lucia Martin 08/04/2023 1:43 PM Submitted by: Title: Environmental Specialist – Growth Management Community Development Department Name: Jaime Cook 08/04/2023 1:43 PM Approved By: Review: Growth Management Community Development Department Diane Lynch Growth Management DepartmentCompleted 08/04/2023 5:41 PM Development Review Brett Rosenblum Additional Reviewer Completed 08/07/2023 8:14 AM Operations & Regulatory Management Michael Stark Additional Reviewer Completed 08/07/2023 2:47 PM Transportation Management Operations Support Evelyn Trimino Additional Reviewer Completed 08/08/2023 8:23 AM Engineering & Natural Resources Jack McKenna Additional Reviewer Completed 08/09/2023 3:32 PM Growth Management Community Development Department Jaime Cook Division Director Completed 08/10/2023 9:17 AM Growth Management Community Development Department James C French Growth Management Completed 08/22/2023 4:43 PM County Attorney's Office Derek D. Perry Level 2 Attorney Review Completed 08/24/2023 10:24 AM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 08/24/2023 10:41 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 08/25/2023 8:12 AM Office of Management and Budget Laura Zautcke Additional Reviewer Completed 08/30/2023 4:25 PM County Manager's Office Geoffrey Willig Level 4 County Manager Review Completed 08/31/2023 4:50 PM Board of County Commissioners Geoffrey Willig Meeting Pending 09/12/2023 9:00 AM 16.A.11 Packet Pg. 389 HACIENDA NORTH – PHASE 1 LOCATION MAP 16.A.11.a Packet Pg. 390 Attachment: Location Map (26277 : EWA Bond Release - Hacienda North - Phase 1) EARLY WORK PERFORMANCE AGREEMENT THIS EARLY WORK PERFORMANCE AGREEMENT entered into this 2t: day of 8:pn] , 2022, between Toll Southeast LP Company, Inc. hereinafter referred to as "Developer," and the Board of County' Commiss_ioners of Collier County, Florida, hereinafter referred to as the "Board". WHEREAS, Developer has applied for 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 guarantees to ensure compliance with the Early Work Regulations and Early Work Authorization Permit No. PL20220001518 (the "Early Work 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: 1.Developer agrees to comply with the Early Work Regulations and the Early Work Permit (the "Early Work;'). 2.Developer herewith tenders its early work performance security (attached hereto as Exhibit "A" and by reference made a part hereof) in the amount of $323,500.00. 3.In the event of 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 satisfactory completion of the Early Work. 4.The Early Work shall not be considered complete until Developer notifies the County that the Early Work is complete and the final Early Work is reviewed and· approved by the County Manager or designee for compliance with the Early Work Regulations. 5.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 Manager's approval of the Early Work. 6.In 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 16.A.11.b Packet Pg. 391 Attachment: Bond Basis (26277 : EWA Bond Release - Hacienda North - Phase 1) . . 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. 7.All of the terms, covenants an·d conditions herein contained are and shall be binding upon Developer and the r.espective successors and assigns of Developer. IN WITNESS WHEREOF, the ·Board and Developer have caused this Agreement to be executed by their duly authQrized representatives this 2 1---day of t9-p:J·1 20"1r1- SIG.NED IN TH !f,.RESENCE OF: Signf-d.lW'-'r'fU--.�fi #rfl?$: ·Printed Name Sign: J.tt ,<__ Printed Name ATTEST: Crystal K. Kinzel, CLERK By: ______ _Clerk of the Circuit Court & Comptroller Collier County, Florida Derek D. Perry Assistant County Attorney ast LP Company, Inc. rinted �ame: � LJe(,,,,lr Title: V.ievtvr Evidence of Signing Authority attached hereto as Exhibit "B".BOARD OF COUNTY COMMJSSIONERS OF COLLIER COUNTY, FLORIDA B� �---Jaime Cook, Director Development Review Division as designee of the County Manager pursuant to Resolution No. 2015-162 16.A.11.b Packet Pg. 392 Attachment: Bond Basis (26277 : EWA Bond Release - Hacienda North - Phase 1) EXHIBIT IIA" Performance Security 16.A.11.b Packet Pg. 393 Attachment: Bond Basis (26277 : EWA Bond Release - Hacienda North - Phase 1) PERFORMANCE BOND Bond No. 0811164 FOR EARLY WORK AUTHORIZATION KNOW ALL PERSONS BY THESE PRESENTS: that Toll Southeast LP Company, lnc 1 140 Virginia Drive Fort Washington, PA 19034 (hereinafter referred to as "Owner") and Harco National lnsurance Company 4200 Six Forks Rd, Suite 1400 Raleigh, NC 27609 800-333-4167 (hereinafter referred to as "Surety") are held and flrmly bound unto Collier County, Florida, (hereinafter referred to as "County") in the total aggregate sum of Three Hundred Twentv Three Thousand Five Hundred and 00/100 Dollars ($323,500.00) in lawful money ofthe United States, for the payment of whlch 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 suoh that whereas, the Owner has submitted for approval by the Board a certain Early Work Authorization Permit No. PL20220001518 and that certain Early Work Authorization shall include specific .improvements which are required by Collier Colnty Ordinances and Resolutions (hereinafter "Land Development Regulations"). This obligation ofthe Surety shall commence on the date this Bond is executed and shall continue uhtil the completion of the work and approval by the County ofthe speciflc improvements described in the Land Development Regulations, or until issuance of a subsequent final development order such aS an Site Development Plan (SDP) or Subdivision Plat and Plans (PPL) (hereinafter the "Guaranty Period")or until replaced by a new bond in the event of a change in Ownership. 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 bevoid, otherwise to remain in full force a d 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 speciflc 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 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. lN WTNESS WHEREOF, the parties hereto have caused this PERFORMANCE BOND to be executed this 25th day ol Aotil. 2022. [1s LDS-01664/1153600/1] 16.A.11.b Packet Pg. 394 Attachment: Bond Basis (26277 : EWA Bond Release - Hacienda North - Phase 1) WITNESSES Toll Southeast LP Company, lnc Printed Name STATE OF ft Dr COUNTY OF 4.,-L. THE FOR i \,,f PHYSnd>_ ra,,<rka-,By Da --u AC]KNOWLIJDGEMENI' Printed Name/Title t^l t!.st-l/b,tsc*tL Dians Van Ak€o NOTARY PUBLIC STATE OF FLORIDA Comn# GG3458q! - Expiras 8lt z/26lilAL) ) d,Q, I\,lF BY I\,1 SO OTARIZAT AY OF () (NAIVIE OF ACKNOWLEDGER) AS (TITLE) OF Toll Southeast LP Companv. lnc. (NAME OF COI\4PANY) WHO lS PERSONALLY KNOWN TO N4E, OR HAS PRODUCED OF AS IDENTIFICATION EGOING PERFORI\4ANCE BOND WAS ACKNOW 1"f.: my5,Ery"''u' LEDGED BEFORE ron rHry'Lko , Notary Pubtic - ,,u," o, FILr,, iL u.- Printed Name WITNESSES HARCO NATIONA INSURANCE Daniel P. Dunigan, Attorney-in-Fact Printed Name/Title (Provide Proper Evidence of Authority) ACKNOWLEDGM ENT B Pri e: Eliza beth Kelly ,), I Printed Name Theresa Bassett STATE OF PENNSYLVANIA COUNTY OF CHESTER Notary Public Stat eo Ll f Penns ylvania tvt %ffiTJffi'JHr""" )r, Coihbdon Erp'res J ins ZA. ZOZz Cqwnbaixl Number lo7ot 06 Kelly G HennessPrinted Name: lt-FIS r)2650i i [15 LDS 01664/1153 l,o0/11 (s Evidence of Signing Authority attached hereto as Exhibit "8" Printed Name COMPANY: THE FOREGOING PERFORI\IANCE BOND WAS ACKNOWLEDGED BEFORE IVIE BY IVIEANS OF ffi eHvsrcnr PRESENCE OREONLINE NOTARIZATION THIS 25th DAY OF April, 2022. BY DANIEL P. DUNTGAN, AS ATTORNEY-IN-FACT OF HARCO NATIONAL INSURANCE COIV]PANY WHO Iq." PERSONALLY KNOWN TO ME .1".; ;ii.l 16.A.11.b Packet Pg. 395 Attachment: Bond Basis (26277 : EWA Bond Release - Hacienda North - Phase 1) POWER OF ATTORNEY HARCO NATIONAL INSURANCE COMPANY INTERNATIONAL FIDELITY INSURANCE COMPANY lvlember companies of IAT lnsurance Group, Headquartered: 702 Oberlin Road, Raleigh, North Carolina 27605 KNOW ALL MEN BY THESE PRESENTS: Thal HARCO NATIONAL INSURANCE COMPANY. a corporalion organized and exisling under lhe laws ot lhe Slate of lllinors. and INTERNATIONAL FIDELITY INSURANCE COMPANY a corporalion organized and exislrng under lhe laws o,lhe Slale of New Jersey. and having their principal offlces localed respectively n the crties of Rolling [,{eadows lllinois and Newark New Jersey, do hereby constrlule and appoinl RICHARD J. DECKER, WILLIAM F. SII\4KISS, JOSEPH W, KOLOK, JR,, BRIAN C, BLOCK, JAMES L HAHN. DANIEL P, DUNIGAN Berwyn, PA their lrue and laMul allorney(s) in fact lo execule. seal and delver Ior and on ils behalf as surely. any and all bonds and underlakings. conlracls ol indemnily and other wrilings obligatory in the nature thereof whrch are or may be allowed. required or permitted by law, slalule, rule. regulalion. contracl or otherwise and the executioo of such rnslrumenl(s) rn pursuance of lhese presenls. shall be as binding upon the said HARCO NATIONAL INSURANCE COMPANY and INTERNATIONAL FIDELITY INSURANCE COMPANY, as fully and amply 10 all intents and purposes, as iflhe same had been duly execuled and acknowledged by their regularly elected ofllcers al lheir principal offices This Power of Allorney is executed, and may be revoked. pursuanl lo and by aulhorily of lhe By Laws of HARCO NATIONAL INSURANCE COMPANY and INTERNATIONAL FIDEL'TY INSURANCE COMPANY and is granled under and by aulhorily ol lhe following resolution adopted by lhe Board of Drreclors of INTERNATIONAL FIDELITY INSU RANCE COMPANY al a meeting duly held on lhe 13th day of December,20'18 andbylheBoardof Direclors of HARCO NATIONAL INSURANCE COMPANY at a meetrng held on lhe 13lh day of December, 2018. "RESOLVED. lhat (1) lhe Chief ExecLrlive Ofllcer. Presrdenl. Execulive Vice President, Senior Vice President, Vice President, or Secretary of the Corporation shall have the power to appoinl. and lo revoke lhe appointmenls of. Attorneys in'Facl or agents with power and aulhority as defined or limited in their respeclive powers of allorney. and lo execule on behalf of the Corporalion and affix lhe Corporation's seal therelo. bonds, underlakings. recognrzances. contracls of indemnily and olher written ob|gations rn the nature lhereof or relaled thereto, and (2) any such officers of the corporalion may appoint and revoke the appoinlments of joinl-conlrol cuslodians agents for acceplance of process, and Attorneys-in-fact wilh authority lo execule waivers and consenls on behalf of the Corporation; and (3) the signalure of any such Oflicer of lhe Corporation and the Corporation's seal may be affixed by facsimrle lo any power of attorney or cerlificallon given for lhe execulron of any bond, underlaking. recognizance, conlract of indemnity or olher written obligation in lhe nature thereof or relaled therelo. such signalure and seals when so used whether heretofore or hereafter, being hereby adopled by lhe Corporation as lhe original signalure of such officer and the oBginal seal of the Corporalron. lo be valid and binding upon the Corporalion !!ith the same force and effecl as lhough manually affixed' lN WTNESS WHEREOF HARCO NATIONAL INSURANCE COMPANY and INTERNATIONAL FIDELITY INSURANCE COMPANY have each execuled and allested lhese presenls Bond # 081I164 on this 31sl day of December,2018 STATE OF NEWJERSEY County of Essex t-]n ^.,/" A .:;i:;i!;Yk :ii srel :3i :- O-': r Oaa .r.r: j :r"l:1"Kenneth Chapman Execulive Vice President, Harco National lnsurance Company and lnternatonal Fidelity lnsurance Company On lhis 31st day oi December, 2018 . before me came the rndividual who executed lhe preceding inslrument, to me personally known, and. being by me duly sworn, said he is lhe lherein described and authonzed ofllcer of HARCO NATIONAL INSURANCE COMPANY and TNTERNATTONAL FIDELITY INSURANCE COMPANY lhal the seals afllxed lo said instrument are the Corporate Seals of said Companies: that lhe sard Corpo.ale Sea,s and his signalure were duly affrxed by order of lhe Boards ol Direclors of said Companies ,ti::,!rjj;::_ i-"rBL'o^-i -:,..r,i,i:,Ti"N lN TESTIMONY WHEREOF I have hereunlo sel my hand aflixed my Official Seal. at the Cily oI Newark New Jersey lhe day and year firsl above writlen Sh rel e A Outley a Nolary Publc of New Jersey My Commission Expires April4, 2023 L lhe undersigned officer of HARCO NATIONAL INSURANcE COMPANY and INTERNATIoNAL FIDEL ihal I have compared lhe foreqoing copy of the Power of Allorney and aflldavit. and the copy ofihe Sectio forth rn said Power of Atlorney. wilh lhe originals on file rn lhe home otfice of said companres and lhal the whole of the sad originals and thal the said Power o{ Allorney has not been [evoked and rs now in full fo lN TESTIMONY WHEREOF. lhave hereunlo sel my hand on lhis day. Apttl25.2022 tll.s 904 IY 881448 "-..,. STATE OF ILLINOIS Counly of Cook CERTIFICATION lrene Marlrns 16.A.11.b Packet Pg. 396 Attachment: Bond Basis (26277 : EWA Bond Release - Hacienda North - Phase 1) EXH!BIT IIB'' Signing Authority 16.A.11.b Packet Pg. 397 Attachment: Bond Basis (26277 : EWA Bond Release - Hacienda North - Phase 1) Docusign Envelope lD: DDABDEDT-D6E7-4530-8Dp9-31C9E128488A CERTIFIC.{TE OF GENERAL PARTNT]R Dated: July 15,2021 I, Brock O. Fanning, Division President of Toll Southeast LP Company, Inc., a Delaware corporation (the "Corporation"), do hereby certify and confirm the following: 1. The Corporation is the general partner (the"General Partner") ofeach ofthe Florida limited partnerships attached hereto as Exhibit A (collectively, the "Padnerships"), and as General Partner is authorized to make decisions and act on behalfofeach of the Partnerships. 2. Sean Walsh is appointed as an authorized representative of the Corporation, and he is individually authorized, empowered and directed to execute and deliver, for and on behalf of the Corporation in its capacity as General Partner of each of the Partnerships, any agreement, deed or document with respect to t}te sale and conveyance ofindividual homes or units owned by each of the Partnerships, upon such terms and conditions as he deems appropriate and in the best interest ofthe Corporation and each of the Partnerships. IN WITNESS WHEREOF, the undersigned has executed this Certificate of General Partner as of the date first written above. TOLL SOUTHEAST LP COMPANY, INC. W*,By: Brock O. Fanning Division President 16.A.11.b Packet Pg. 398 Attachment: Bond Basis (26277 : EWA Bond Release - Hacienda North - Phase 1) DocuSign Envelope ID: DDABDE07-D6E7.:-4530-8D09-31C9E12848BA EXHIBIT A 16.A.11.b Packet Pg. 399 Attachment: Bond Basis (26277 : EWA Bond Release - Hacienda North - Phase 1)