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Agenda 08/12/2025 Item #16A 2 (Resolution - Final acceptance for the final plat of Esplanade by the Islands Lucerna Street)8/12/2025 Item # 16.A.2 ID# 2025-2116 Executive 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 Esplanade by the Islands Lucerna Street, Application Number PL20220000015 (FP) and Application Number PL20210003337 (SDP), and authorize the release of the maintenance security in the amount of $97,717.01. OBJECTIVE: To have the Board of County Commissioners (Board) grant final acceptance of the infrastructure improvements associated with the subdivision, and authorize the release of the maintenance security. CONSIDERATIONS: 1. The roadway and drainage improvements are private and will be maintained by the Esplanade by the Islands Community Association, Inc. 2. The required improvements have been constructed in accordance with the Land Development Code. The Growth Management Department inspected the improvements on June 2, 2025, under SDP PL20210003337, and is recommending final acceptance of the improvements. 3. 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. This item is consistent with the Collier County strategic plan objective to operate an efficient and customer-focused permitting process. FISCAL IMPACT: The roadway and drainage improvements will be maintained by the Esplanade by the Islands Community Association, Inc. The existing security in the amount of $97,717.01 will be released upon Board approval. The original security in the amount of $527,663.01 has been reduced to the current amount of $97,717.01 based on the work performed and completed pursuant to the terms of the Construction and Maintenance Agreement dated June 6, 2022. GROWTH MANAGEMENT IMPACT: There is no growth management impact. LEGAL CONSIDERATIONS: This item has been approved as to form and legality, and requires a majority vote for Board approval. - JAK RECOMMENDATIONS: To grant final acceptance of the roadway and drainage improvements in Esplanade by the Islands Lucerna Street, Application Number PL20220000015 (FP), and PL20210003337 (SDP), and authorize: 1. The Chairman to execute the attached resolution authorizing 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 ATTACHMENTS: 1. Location Map Page 144 of 3949 8/12/2025 Item # 16.A.2 ID# 2025-2116 2. Bond Basis 3. Resolution 4. Plat Map Page 145 of 3949 ESPLANADE BY THE ISLANDS LUCERNA STREET LOCATION MAP Page 146 of 3949 CONSTRUCTION AND MAINTENANCE AGREEIVENT FOR SUBDIVISON IIVPROVEMENTS THIS CONSTRUCTION AND IVAINTENANCE AGREEMENT FOR SUBDIVISION IMPROVEMENTSentered.intothis l, dayor_a!4.--,zoLL ue*;;"'3:r111j;' hereinafterreferred to as "Developer", and Board of County CollrmissionEE-of Collier Cinnty,TlorilZJrereinafter referred to as the "Board". RECITALS: B A 2 Developer has, simultaneously with the delivery of this Agreement, applied for the approval by the Boardof certain plat of a subdivision to be known as: :..-,"",,,-" ".-",.-...-"' ",. Chapter 4 and 10 of the Collier County Land Development Code required the Developer to post appropriate guarantees for the construction ofthe improvements required by said subdrvision regulations,said guarantees to be incorporated jn a bonded agreement for the tonstruction of the requiredimprovements. NOW, THEREFORE, in consideration of the foregoing premises and mutual covenants hereinafter setforth, Developer and the Board do hereby covenant and agree as follows: Developer will cause to be constructed: all required improvements within * months from the date of approvil said subdivision plat, sald improvements hereinafter referred to as the required improvements. Developer herewith tenders its subdivision performance security (attached hereto as Exhibit,,A,'and byreference made a part hereof) in the amount of S ''i6 ri which amount represents 10olo of the totalcontract cost to complete the construction ptus tO0% oi tne estimated cost of to complete the requiredimprovements at the date of this Agreement. 3 ln the event of default by the Developer or failure of the Developer to complete such improvements withinthe time required by the Land Development code, collier county, may call upon the subdivisionperformance security to insure satisfactory comptetion of the required improvements. The required improvements shall not be considered complete until a statement of substantial completjonby Developer's engineer along with the final project records have been furnished to be reviewed andapproved by the County lilanager or his designee for compliance with the Collier County LandDevelopment Code. The County lVlanager or designee shall, within sixty (60) days of receipt of the statement of substantialcompletion, 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 thoseconditions which the Developer must fulfill in order to obtain the County Manager's approval of theimprovements. However, in no evenl shall the County t\ilanager or designeL refusjprelim'inary approvatof the improvements if they are in fact constructed inO suUmitteO for ipproval in accordance wlth therequirements of this Agreement. The Developer shall matntain all required improvements for a minimum period of one year after preliminary approval by the County Manager or his designee. After the one-year mjinten"n"" p"iiod by the Developerhas terminated, the Developer shall petition the County Maniger or designee to inspect the requiredimprovements. The County Manager or designee shall inspect tie improveirents and,'if found to be stillin compliance with the Land Development Code as reflecied by final approval by the Board, the Boardshall release the remaining 10% of the subdivision performance security. The Developer,s responsibilityfor. maintenance of the required improvements shall continue unless or until the Board acceptsmaintenance responsibility for and by the County. Six (6) months after the execution of this Agreement and once within every six (6) months thereafter theDeveloper may request the County Manager or designee to reduce the dollar amount of the subdivlsion 4 5 6 7 11t2312021 Page 1 of 2 Page 147 of 3949 8 performance security on the basis of work complete, Each request for a reduction in lhe dollar amount ofthe subdivision performance security shall be accompanied by a statement of substantial completion bythe Developers engineer together with the project records necessary for review by the County Manageior 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. ln the event the Developer shall fail or neglect to fulfill its obligations under this Agreement, uponcertification of such failure, the County Manager or designee may call upon the subdjvisiln 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. TheDeveloper, as princlpal under the subdivisron performance security, shjll be liable to pay and to indemnify the Board, upon completion of such construction, the final total iost to the Eoard thereof, including, buinot limited to, engineering, legal and contingent costs, together with any damages, either direct or consequenlial, which the Board may sustain on account of the failure of the Developer to fulfill all of theprovislons of this Agreement. All of the terms, covenants and conditions herein contalned are and shall be binding upon the Developer and the respective successors and assigns of the Developer, I IN WITNESS WHEREOF, the Board and the Developer their duly authorized representatrves this i," dav of have caused this Agreement to be executed b v ,20>L rison of Florida, lnc.Taylor Mo (Name of Entity)SIGNED IN THE PRESENCE OF: Witness: Printed ame ,11.,Barbara Kininmonth, Vice President Evidence of Signing Authority attached hereto as Exhibit "8". Printed Name/Title Printe me: Cto lo^ \Ass,.,\ ATTEST CRYSTAL K. KINZEL, CLERK o BOARO OF OUNTY COMMISSIONERS COUNTY RI q-o( -_.Pe By J?. r I ruaa }J1 ch lam L. McDan le I , Ap rek D. Perry dle ga lity: Assistant Counly Attorney 11t23t2021 Page 2 of 2 Witness: 'Byt la . Page 148 of 3949 Exhibit tt A" Performance Security Page 149 of 3949 EXHIBIT "A" PERFORMANCE BOND BOND NO. us001'.17256SU22A KNOW ALL PERSONS BY THESE PRESENTS: that Taylor l\4orrison of Florida. lnc. 28100 Bonita Grande Drive, Suite 102 Bonita Springs, FL 341 35 (Hereinafter referred to a "Owner") and XL Specialty lnsurance Company 505 Eagleview Blvd Exton, PA 1934'1 630-468-5602 THE CONDITION OF THIS OBLIGATI the Board of a certain subdivision p (Name of Owner) (Address of Owner) (Address of Owner) (Name of Surety) (Address of Surety) (Address of Surety) (Telephone Number) ON is such that whereas, the Owner has submitted for ap lat namgd Esplanade By The lsiands Luce.na Streei (hereinafter referred to as "surety")are held and firmty bound unto CollierCounty, Florida, (hereinafter referred to as "County") in the total aggregate SUm of ::!,-::.::;r-ir:i.:^;-,.:,--.s/*--:.::si:/i--..:1 3 (S 527'66301 ) in lawful money "t tn. u.ii"A tir* :?J:; 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 req u i res. proval by and that certain subdivision shall include specific improvements which are and Resolutions (hereinafter "Land Development Regulations,, commence on the date this Bond is executed and shall continue u Board of County Commissioners of the specific improvements Regu lations (hereinafter the "Guara nty period,, ). required by Collier County Ordinances ). This obligation of the Surety shall rntil the date of final acceptance by the described in the Land Development NoW THEREFORE, if the owner shallwell, truly and faithfully perform its obligations and dutiesin accordance with the Land Development Regulations during the guaranty period established by the County, and the owner shallsatisfy all claims and demands incurred and shallfully indemnify and save harmless the County from and against all costs and damages which it may suffer by reason of owner,sfailure to do so, and shall reimburse and repay the County all outlay and expense which the County mayincur in making good any default, then this obligation shall be void, otherwise to remain in fullforce andeffect. PROVIDED, FURTHER, that the said Surety, for value received hereby, stipulates and agrees thatno 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. PRovlDED, 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 Page 150 of 3949 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 WITNESS WHEREOF, the parties hereto have caused this PERFORMANCE BOND to be executed this rd day of June 2 22 ACKNOWLEDGEMENT STATE OF COUNIY OF tJ^- THE FPREG or E[pHysr OING PERFORMANCE BOND WAS ACKNOWLEDGED BEFORE ME BY MEANS CAL PRESENCE OR T ONLINE NOTARIZATION THIS DAY OF t,20'LL ,by Barbara Kininmonth AME OF ACKNOWLEDGER) AS Vice President (IIILE) oF _@lnc. (NAME oF COMPANY) WHO tS PERSONALLY KNOW TO ME, OR HAS PRODUCED AS IDENTIFICATION Notary Public - State of (SE Rl:BEKAI'i tl3RT0N Crr;r:nissiqn il a.iG 329991 Ex1;'res t"|,,-Y 1 !, 2{lli ri, rrtrl IIr.1 rrt,llirl :.1,ri.]', !,:.i..lt Pri Na me N ESSES a, lnc )Tay lor (Owner Name a Printed Name Barbara Kininmonth, Vice President Printed Name/Title !zr*+-t \ U{a rovide Proper Evidence of Authority) o"rt:.I;l^"r)--bn. ESSES:rety Name and Title if Corporation) nI nted Name Printed Name/Title L n t u"-e.'rh l,*/* neM Ru rinted Name (Provide Proper Evidence of Authoritv)License No. P0ll322 -Fac 3 :, ,,L":" il/ Page 151 of 3949 ACKNOWLEDGEMENT STATE OF Illinois COUNTY OF THE FOREGOING PERFORMANCE BOND WAS ACKNOWLEDGED BEFORE ME BY MEANS OF E PHYsICAL PRESENCE oR E oNLINE NoTARIZATIoN THIS DAY oF June ) 3Td /20 22 , by Dawn L. Morgan (NAME oF ACKNOWLEDGER) AS{c:gpg4ey-:Ln_-FacE (TITLE) OF XL Specailtv Insurance* (NAME OF COMpANy) WHO tS PERSONALLY KNOW TO ME, OR HAS PRODUCED HeTself AS IDENTIFICATI0N N ota ry (sEAL) Public - State of Illinois Di zna M Rrrhri sht Printed Name *' Company DrrPa ,/.)-."* Vn ,e, Page 152 of 3949 BOND NUI\,,IBER USCOl 1 72565U22A LIMITEO POWER OF ATTORNEY KlJov/ ALL MEN 8Y THESE PRESENTS: That xL specialty Insuranae company, a Detaware insurance companies with ofilce9 tocated at 505 Eaglevlew Blvd , Exton, PA 19341, and xL Reinsuranae ameri(a Inc., a New yor* tnsurance company with offices located al 70 seaview Avenue, Stamaord. gT 06902,, do hereby nominate, constitute, and appoint: Dawn L. Morgan each lts true and lawtul attornay(s)-in-tact to make, ererute, attestr seal and delivar ror and on tls behalf, as surely, and as lts act anddeed, where required, 6ny and all bondt and undertakiogs In the .ature thereot, , for the penat 'um ot no one ot yvhtch ls ln any eyent !oer.eed t100.000,000.00, suah bonds and undertakings, when duly executed by !he.foresaid Attorney (s) - tn - Fact shaI be banding upon each said company asfully and to the same extent as ll such bonds 6nd u,ldertaklngs were stgned by the prestdent and Secretary or the Company and seatedwlth lts corpor.te 5eal. The Potrer of attomey 15 goded and b slgied by laaslmile under and try tie au{rcrity or th€ foltowtrE Rasofuuons .dopred by the B!3!d ot oirccto.s or eaah of d1e Companles on tne 26th day of Juty 2017. RESo|'vED, lh.t Gary Kaplan, oaniel Riordan, Harla ouhart, Gregory Eoal and Keyin titirsch are hereby appointed by the Board as.uthorizedlo make, exe(ule, seal and deliver lor and on behalf of the Con]pany, any and all boods, undertaitngs, cofltracts or obtigations tn sorety orco'surety wlth others and that the secretary or any Assi5tant searelary of the company be and that eaah or them hereby ts authorlzed toattest the erecutlon of any such bonds, undertnktngs, cohtrrcts or ob gaUons tn surety or co-surety and at|ach thereto the corporate seat ot the Comp.ny. REsoLvEo, FURTHER, that Gary Kapl.n, Danlel Rlordan, Maria oohart, Gregory goal and xevtn t4irsch each ls hereby authortzed to exaaute powers or attorney qualifylng the attorney named in the given power ol .ttorney to erecute, on bah.lr of the comp.ny, bonds and undertakings tn suretyo. co-surety with others, and that the Secretary or any Assistant Secret.ry of the Comp.ny be. and that each of them ts hereby aothorized to attegt the .xe<utlon of any such gower of anorney, and to attach thereto the corporate seal or the company. RESoLVED. FURTHER, lh.t the slgnalure ol such offlcers nemed ln lhe precedlng resotutaons and the corporate se.t of the Comp.ny may be afrixed to such powers of attorneY or Lo any certirjcate relating thereto by facsimile, an!, any such power or atlorney or certiricate bearing suahfacslmlle !lgnatures or facsimlle seal 5hall be therearler valld and btndtng upon the company wlth resp€ct to any bond, undertaklng, contract or obligatlon In surety or co-surety with others to which It Is attached_ IN WITN€SS WHEREOF, the XL SP€CIALTY INSURANCE COMpANy has caused tts (orporate seal to be hereunto affired, and tiese grerents to be stoned by tts duty authorlzed officert thts Aprit ljth, 2018. XL SPEOALTY INSUBeIICE COMPAI1Y Power of Attomey XL Spechlly l!6uran e Company XL Reirarrarlce America lnc c Gregcry 8oal, vlCE PRE5Io€NT (u; t+ C.l'nmot\*eallh ol Pennsylyanla .Notary Seat Rebecc€ C. ShalhouD, Notary pubth Northampton County My commission expiresApril 28. 2024 Commission number 1268765 by: a4.e7 STATE OF PENNMVANI,A COUNTY OF c}EsT[R on thlt r3lh day ol Aptil, 2018, before me personally came Gregory Boat to me known, !rho, being duly swo.h, did depose andsay: that he ls vice Presldent ol xL SPEcIALTY INSURANCE COMPANY, descrtbed in and t/hlah executed the above tnstrument; tnathe knows lhe seals or sald companle5; that the sea15 aflixed to the aforesatd tnstrument Is such aorporate seals ind were alraxedthereto by order and .uthoritv or the Boards of Diractors ol sald compantes; and that he erecuted the satd tnstrument Dy takeorder. Kevin M. Mirsd, ASSISIANT SECRETATY .:ti.il'J-f.:;a igjS oF ?i6: iri?,';.;$ s80042 Membor. Pr nnsylyanla A5loqlatioo ot Notari€s Renec.a C $altoub, NOIARY PUBLIC Page 153 of 3949 Exhibit il B ,, Evidence of Signing Authority Page 154 of 3949 2022 FLORIDA PROFIT CORPORATION AMENDED ANNUAL REPORT DOCUIVENT# F75785 Entity Name:TAYLOR MORRISON OF FLOR|DA, tNC. Current Principal Place of Business: 49OO NORTH SCOTTSDALE ROAD SUITE 2OOO SCOTTSDALE, AZ 85251 FILED Jul 03,2022 Secretary of State 0762596461 CC Current Mailing Address: 49OO NORTH SCOTTSDALE ROAD SUITE 2OOO SCOTTSDALE, M.85251 US FEI Number:59-2179728 Name and Address of Current Registered Agent: REGISTERED AGENT SOLUTIONS, INC. 155 OFFICE PLAZA DR SUITE A TALLAHASSEE, FL 32301 US The above named entity submits this statement for the purpose of changing its registered office or registered agent, or both, in the State of Florida. SIGNATURE: Certificate of Status Desired: No Electronic Signature of Registered Agent Officer/Director Detail : Title ASST. SECRETARY, VP Name MERRILL, S. TODD Address 3030 N. ROCKY POINT DR. SUITE 710 City-State-Zip: TAMPA FL 33607 Date rQ Title Name Address City-State-Zip: Title Name Address City-State-Zip: Title Name Address City-State-Zip: CFO, EXECUTIVE VICE PRESIDENT STEFFENS, LOUTS ("LOU") E. 49OO N. SCOTTSDALE ROAD SUITE 2OOO SCOTTSDATE AZ 85251 ASST. SECRETARY ESTRADA, CAROLINE G. 49OO N. SCOTTSDALE ROAD SUITE 2OOO SCOTTSDALE AZ 85251 AUTHORIZED AGENT (ORLANDO) DIVISION PURCHASING WRIGHT, JOHN ASA 2600 LAKE LUCIEN DRIVE SUITE 350 MAITLAND FL 32751 Title Name Address City-State-Zip: Title Name Address City-State-Zip: Title Name Address City-State-Zip: Title Name Address City-State-Zip: PRESIDENT. DIRECTOR KEMPTON, JOHN STEVEN 551 NORTH CATTLEMEN RD SUITE 2OO SARASOTA FL 34232 SECRETARY, EXECUTIVE VICE PRESIDENT, CHIEF LEGAL OFFICER SHERMAN, DARRELL C. 49OO N. SCOTTSDALE ROAD SUITE 2OOO SCOTTSDALE AZ 85251 VP, DIRECTOR LONGENECKER, CAMMIE LARHAE 551 NORTH CATTLEMEN RD. SUITE 2OO SARASOTA FL 34232 VP PALKA, RUSSELL 551 NORTH CATTLEMEN RD. SUITE 2OO SARASOTA FL 34232 Continues on page 2 above, or on an atlachment with all other like empowered. SIGNATURE:CAROLINE G. ESTRADA ASST. SECRETARY O7tO3t2O22 Electronic Signature of Signing Officer/Director Detail Date Page 155 of 3949 Exhibit ttc" Opinion of Probable Cost Page 156 of 3949 ESPLANADE BY THE ISLANDS LUCERNA STREET - SDP Waldrop Engineering File No. : 774-104 Notes: 1) This Opinion of Probable Cost (OPC) shall be used for budgeting purposes only. 2) This OPC is based on the engineer's understanding of the current rules, regulations, ordinances, and construction costs in effect on the date of this document. lnterpretations of these construction costs may affect this OpC, and may require adjustments to delete, decrease, or increase portions of this OpC, 31 Ail costs provided in this OPC are based on recent contract prices, or the engineer's latest known unit costs. These costs cannot be guaranteed at this time due to unpredictable and uncontrollable increases in the cost of concrete, petroleum, or the availability of materials and la Jacqu gfAIE ft oRr Date Wastewater S 12 3,296.oo Potable Water s93,31s.00 utility sub-Total s216,611.00 Earthwork s4,162.00 Paving s107,030.55 DrainaBe s96,890.00 Landscaping s40,000.00 Electrical S 1s,ooo.oo Site Sub-Total s263,082.6s Subtotal 5479,693.65 10% o&M s47,969.36 Total ss27,563.01 SUMMARY ue, P.E Florida License f85247 tll lllt OPINION OF PROBABLE COST - REVO1 Page 157 of 3949 Description Estimated Quantity Unit Unit Pric€Amount WASTEWATER 8" PVC Sanitary Sewer SDR-26 (5'-8') 8" PVC Sanitary Sewer SOR-26 (8'-10') 8" PVC Sanitary Sewer SDR-26 (10'-12') Manhole (6'-8') Manhole (8''10') 6" Single PVC Sewer Service Television lnspection 357 447 92 4 2 18 896 sso.ooLF LF LF EA EA EA EA Ss.oo s17,8s0.0o ss8.oo s2s,926.00 S7o.oo S6,440.00 5u 600.00 s9,200.00 s30,400.00 s18,400.00 s1,i00.00 s 19,800.00 S4,48o.oo SUBTOTAT = 5123,296.00 Page 158 of 3949 Estimated Quantity Unit Unit Price Amount POTABLE WATER W1 w-2 w-3 w-5 w-5 8" PVC Water Main (C900, DR-18) 2" Single Water Service. Complete 8" Gate Valve Fire Service, Complete tire Hydrant Assembly Temporary Blowoff w/ Automatic Flushing Device Connect to Existing Water Main 972 9 1 6 6 1 1 s 3 5.82 s3s,790.00 S1,o2s.oo 59,2 2 5.00 s1,800.00 S1,8oo.oo s1,100.00 S6,6oo.oo 5s,400 00 532,400.00 54,ooo.oo S4,ooo.oo $3,s00.00 s3,s00.00 SUBToTAI = S93,31s.00 Oescription LF EA EA EA EA EA EA Page 159 of 3949 Description Estimated Quantity Unit Unit Price Amount E-1 Silt Fence (Single Row) sod (1' BOC) 2,428 208 S2.so LF SY 51.s0 S3,G42.00 5520.00 SUBToTAL = S4,162.00 EARTHWOR( Page 160 of 3949 Description Estimated Quantity Unit Unit Price Amount PAVING P,1 P-2 P-3 P-4 P-5 P-6 P-6 P-8 3/4" Asphaltic Concrete (Type S- t) First Lift 3/4" Asphaltic Concrete (Type S-tll) Second Lift 6" Limerock Base {Compacted and primed) 12" Stabilized SubErade (Onsite Material) 2' Valley Gutter Type "A" Curb 4" Concrete Sidewalk Signage and Marking 2,310 2,31,O 2,370 2,932 1,868 166 62L 1 s5.OoSY SY SY SY LF tF 5Y LS s13,850.00 s5.00 s13,850.00 s1o.oo s23,100.00 s3.ss s 10,416.65 s 12.00 s22,476.OO s 1s. oo S2,49o.oo s28.00 s17,388.00 s 3, s00.00 s3,s00.00 suBToTAt = s107,030.65 Page 161 of 3949 Descdption Estimated Quantity Unit Unit Price Amount D-1 D-2 D-3 D-4 o-5 D-6 29 236 430 1 2 4 18" RCP 24" RCP 36" RCP 24" Flared End 35" Flared End Valley Gutter lnlet LF LF LF EA EA EA ss0.00 s1,450.00 56s.oo s1s,340.00 s120.00 ss 1,600.o0 s3,s00.00 s3,soo.oo 54,s00.00 se,000.00 s4,000.00 s16,00o.00 SUBTOTAL = 596,890.00 DRAINAGE Page 162 of 3949 Description Estimated Quantity Unit Unit Price Amount LA-1 Code Minimum Landscaping 1 ts s40,0oo.oo s40,00o.00 SUBTOTAL = 540,000.00 LANDSCAPING Page 163 of 3949 Description Estimated Quantity Unit Unit Price Amount E-1 Street Lighting 1 S 15,ooo.oo SUBTOTAL = 515,000.00 LIGI.ITING rs s15,000.00 Page 164 of 3949 August 1, 2023 XL Specialty Insurance Company 505 Eagleview Blvd. Exton, PA. 19341 RE: Your Performance Bond No. US00117256SU22A / Taylor Morrison Esplanade Lucerne St. PL20220000015 Dear Sir or Madam: Please be advised that based on the work completed to date and the associated inspections which have been conducted, the subject Performance Security may now be reduced by $429,945.65, leaving an available surety of $97,717.36. The remaining balance represents $49,748.00 in uncompleted improvements, plus $47,969.36 as the required maintenance security. An original Bond Rider should be directed to this office, reducing the value of the security, “all other terms and conditions of 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, JOHN HOULDSWORTH John R Houldsworth Senior Site Plans Reviewer With authority in these matters CC: Jackie - Atwell Project File Page 165 of 3949 Page 166 of 3949 Page 167 of 3949 Page 168 of 3949 Page 169 of 3949 Page 170 of 3949 Page 171 of 3949