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Agenda 06/10/2025 Item #16A 7 (Release of the Performance Bond posted as development guarantee for Early Work Authorization w/Creative Commons)6/10/2025 Item # 16.A.7 ID# 2025-1500 Executive Summary Recommendation to authorize the Clerk of Courts to release a Performance Bond in the amount of $10,000, which was posted as a development guarantee for an Early Work Authorization (EWA) for work associated with Creative Commons, PL20230011142. OBJECTIVE: To release a security which was posted as a development guarantee. CONSIDERATIONS: The Growth Management Community Development Department routinely accepts securities administratively as guarantees 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 the Creative Commons Site Development Plan (SDP) (PL20220007409). On October 24, 2023, the SDP was approved by staff, and the EWA bond is no longer required. A recent inspection confirmed that the developer has fulfilled the commitments of the EWA. This item is consistent with the Collier County strategic plan objective to operate an efficient and customer-focused permitting process. FISCAL IMPACT: There is no fiscal impact associated with this Executive Summary. GROWTH MANAGEMENT IMPACT: Performance Bond securities are held as a development guarantee and released after work is performed. LEGAL CONSIDERATIONS: This item has been approved as to form and legality, and requires a majority vote for Board approval. - DDP RECOMMENDATIONS: To authorize the Clerk of Courts to release the Performance Bond in the amount of $10,000. 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 ATTACHMENTS: 1. Location Map 2. Bond Basis Page 615 of 2218 CREATIVE COMMONS LOCATION MAP Page 616 of 2218 Page 617 of 2218 Page 618 of 2218 Collier County Growth Management Division 2800 Horseshoe Drive N. Naples, FL 34104 239-252-2400 RECEIPT OF PAYMENT Receipt Number:20231105689 Transaction Number:2023-061362 Date Paid:07/13/2023 Amount Due:$10,000.00 Payment Details:Payment Method Amount Paid Check Number Check $10,000.00 1039 Amount Paid:$10,000.00 Change / Overage:$0.00 Contact:Creative Commons ILF, LLC 3520 Kraft Road - Suite 201 Naples , FL 34105 FEE DETAILS: Fee Description Reference Number Original Fee Amount Paid GL Account Refundable Bonds PL20230011142 $10,000.00 $10,000.00 131-000000-220113 Cashier Name:Alicia.Rojas Batch Number:12191 Entered By: monroig_i Page 619 of 2218 Creative Commons ILF,LLC 3520 Kraft Road Suite 201 Naples, FL 34105 239-208-4079 ff,l 3?0", o, Couier County BOCC '**Ten Thousand Dollars*"' Collier County BOCC 3299 Tamiami Tr. East Suite # 303 Naples, FL 34112 United States First Horizon Bank 6435 Naples Blvd Naples, FL 34109 84-7A4112652 1 039 Date: 07/1212023 $**10,000.00*' F Page 620 of 2218