Agenda 08/26/2025 Item #16A10 (Resolution - Final acceptance for the private roadway and drainage improvements for the final plat of Esplanade by the Islands Phase 2)8/26/2025
Item # 16.A.10
ID# 2025-2441
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 - Phase 2, Application Number
PL20210000687, and authorize the release of the maintenance security in the amount of $355,627.45.
OBJECTIVE: To have the Board of County Commissioners (Board) grant final acceptance of the infrastructure
improvements associated with the subdivision, accept the plat dedications, and authorize the release the maintenance
security.
CONSIDERATIONS:
1. On May 09, 2023, the Growth Management Department granted preliminary acceptance of the roadway and
drainage improvements in Esplanade by the Islands - Phase 2.
2. The roadway and drainage improvements will be maintained by Esplanade by the Islands Community
Association, Inc., and Currents Community Development District.
3. The required improvements have been constructed in accordance with the Land Development Code. The
Growth Management Department has inspected the improvements on January 27, 2025, 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.
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 Esplanade by the Islands
Community Association, Inc., and Currents Community Development District. The existing security in the amount of
$355,627.45 will be released upon Board approval. The original security in the amount of $2,516,771.95 has been
reduced to the current amount of $355,627.45 based on the work performed and completed pursuant to the terms of the
Construction and Maintenance Agreement dated March 1, 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. - SAA
RECOMMENDATIONS: To grant final acceptance of the roadway and drainage improvements in Esplanade by the
Islands - Phase 2, Application Number PL20210000687, 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
Page 1092 of 4682
8/26/2025
Item # 16.A.10
ID# 2025-2441
ATTACHMENTS:
1. Location Map
2. Bond Basis
3. Resolution
4. Plat Map - Esplanade by the Islands - Phase 2 Replat
5. Plat Map - Esplanade by the Islands - Phase 2
Page 1093 of 4682
ESPLANADE BY THE ISLANDS – PHASE 2
LOCATION MAP
Page 1094 of 4682
CONSTRUCTION AND IVIAINTENANCE AGREEMENT FOR SU BDIVISON II\,,,PROVEMENIS
THIS CONSTRUCTION AND I\,4AIN.TENANCE AGREEI\4ENT FOR SUBDIVISION IIVPROVEMENTSentered nto this 1sr a"r., t'triql_l - -- " it U" between -r.. ! . - : herernafterrefe.reo to as -Devetoper j"O gdrd or County Cor.,mis]lnirs ot cottier CoLt,rty Florida herernafterreferred to as the Board
RECITALS
A Developer has. simultaneously with the deljve
of certain plat of a subdivision tc be known asl
ry of this Agreement, applied for the approval by the Board
B chapter 4 and 10 0f the co,ier county L€nd Deveropment code required the Deveroper to postappropriate guarantees for the construction of the improvements requireo by said subdivrsron regulations,said guarantees ro be incorporated jn a bonded ,s;;;;;t for the tonstruction oi ttre'lequireormprovements.
NOW THEREFORE, in consideration of the foregoing premises and mutuar covenants hereinafter setforth. Devetoper and the Board do hereby .or"nJnt ,"nj "gr"ll. totto*.'
Developer will cause to be constructed. all required improvementswithin 3' months from the date of approv'rr ."io .,Iojir-i.i"", prat said improvements hereinafterreferred to as the required improvements.
Deveroper herewith tenders its subdivrsion perfo-rmance secunty (attached hereto as Exhibit,,A,,and byreference made a part hereof) in the amount ot s ..- ,, w'r,ich amount r"prur*t. roz" oithe totat::l!1':t *rl to.9gmp]ele the construction ptus too"z" oittre estimated cost of to complete the requrredrmprovements at the date of thls Agreement
in the event of default by the Developer or failure-of the Developer to complete such improvements withinthe time required by the Land Deveropment cooe coirLi"county, may caI upon the subdivisionperformance security to tnsure satisfactory completion of tfre LqilreO improvements.
The required tmprovements shall not be considered complete until a statement of substantial completronby Developer's. engineer arong with the final prolect records r,rr" o""n furnished to be reviewed andapproved by the county rVlanager or his designee for compriance wirrr re cllrrei C"r],,'iv LrnoDevelopment Code.
The county Manager or designee shal within sixty (60) days of receipt of the statement of substantialcompletion either: a) notify the Deveroper in writ;ng oinis pr"iirinrry approvar of the improvements; or b)notify, the Deveroper rn writing of hi.s.refusal to- approve improvements, therewith specifying those
:::9lli:!. which the Devetoper must futfit in ordei io obtain the County t\ilanager,s ipprJvai oi tnermprovements However. in no event sharl the county Manager or designel rerr.""prutimi,ir.y lpprovatof the improvements if they are in fact constructed anu suimitteo for ipproval in accordance with therequirements of this Agreement.
The Developer shall maintain all required improvements for a minimum period of one year after prelimrnaryapproval by the county Manager or his designee. After the one-year maintenance peiiod by the'DLvetoperhas terminated the Developer shall petition the County lrlaniger or designee to inspect the requiredimprovements. The County lManager or designee shall inspect the improveirents and, if found to be stillin compliance with the Land Development Code as reflected by final approval by the Boaid, thl 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 accepts
maintenance responsibility for and by the County.
2
3
4
5
6
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
Page 1 of 2
1
11t2312021
Page 1095 of 4682
8
performance security on the basls of work, complete, Each request for a reductron in the dollar amount ofthe subdivision performance
""y!!I,:!:, u" ic"ompai"a o'f-a statement of substantiar compretron bythe Developers engrneer toqether wrth the project ,ecord. n"6e-.s"ry Jor revrew by the county Manageror.destgnee' The county Manager or design"" ,"y gr"n11i" ie-q-uest to, a reductron in the amount of thesubdrvrsron perforrnance secunty for the ,r,iprorerenis
"",npr"Ll as of the oate oi th" ;;;;;;"
ln the event the Developer sha, fair or negrect to furfifl its obrigations under this Agreement uponcertificarion of such fairure *re c-11|v.Manao1, o. 0".,gn"" ,n"y Jarr ,pon tn" ,rlairi.i"i f"ior-"n."security to secure satisfactory compreton, repair and riainienai"" of ihe required i,,prorlre-ni. 1,uBoard sharr have the right to construct and maintain or "ru." io o" "on.tru"iJ oi."iii"ir"o,-prr"rr"tto pubric advertrsement and receipt and acceptance oi a,o"'it" rmprovements required herein TheDeveloper, as principar under the subdius o, o"rtorrrni" .Jc-urrty, snart be riabre to pay and to indemnifythe Board upon completron of such constructton the final total cost to the Board thereof. including, butnot lmrted to engineering, Iegar and contingent .o.tr-tog"in", with any damages either direct orconsequential which the Board may sustain on account of th'e farrure of the Dev"r"-p"i t" rririir i'it or tneprovisions of this Agreement
I All of the terms, covenants and conditions herein contained are and shall be binand the respective successors and assigns of the Dev;lo;;;
lN WITNESS WHEREOF, the Board and the Developer have caused this Agreetheir duly authorized representatives 16;5 1 s t 63y s1 M* rlc h
Printed ame
drng upon the Developer
ment to be executed by
.2022
attached\!'
NSi \r
Evrdence _of Srgning Authority
hereto as Exhibit ,,8,,
GNED IN IHE PRESENCE OFSI
n
(Name of Entity)
Taylor Morri
Witness
Printed Name
Kininmonth, Vice presidentBarbar
ATTEST
BOARD OF OUNTY COM MISSIONERS
COUNTY RI
\-
CRYSTAL X, KINZEL, CLERK
By o By,
anlel,Jr.c11
eh riaIl
an L.
'at
tyJtArodppaadg{SJTO
k D. Pcrryre
Assistant County Attorney
11t23t2021 Page 2 ol 2
Witness:
Page 1096 of 4682
EXHIBIT "A"
Subdivision Performance Security
Page 1097 of 4682
PERFORMANCE BOND
KNOW ALL PERSONS By THESE pRESENTS: that
Taylor Morrison of Florida lnc.
28100 Bonrta Grande Dnve. Surte 102
Eonrta Spnngs. FL 34135
(Hereinafter referred to a ,,Owner,,) and
Arch lnsurance
Harborside 3,210 Hudson Stree t, Suite 300
JERSEYCITY, NJ 0731 1 - 1107
(201 ) 743-4000
(hereinafter referred to as ,,Surety,,) are held and firmly
B9ND NO. SU1 180801
(Name of Owner)
(Address of Owner)
(Address of Owner)
(Name of Surety)
(Address of Surety)
(Address of Surety)
(Telephone Number)
bound unto Collier County, Florida, (hereinafterreferred to as "County,') in the total aggregate sum of -...',,,.F.j--.!t.: jI'u. -i:-i.i-::..: -, jt=,:..,.i.,|-_..3.).,,i-rDOllafS
(S in lawful money of the United Sta tes, for the payment of which sum well and trulyto be made, we bind ourselves, our heirs, executors,administrators, successors and assigns, joi ntly andseverally, firmly by these presents. Owner and S urety are used for singular or plural, as the contextreq u I res.
THE coNDlrloN oF THls OBLIGATION is such that whereas, the owner has submitted for approval bythe Board of a certain subdivision plat named Esp;ara,r. oy rle is,dn{is.phssc 2certainsubdivisionshallincludespecific,n.,o,o;Hj::l
and Resolutions (hereinafter "Land Development Regulations"). This obligation of the surety shallcommence on the date this Bond is executed and shall continue until the date of final acceptance bytheBoard of county commissioners of the specific improvements described in the Land DevelopmentRegulations (hereinafter the "Guaranty period,,).
NoW THEREFORE, if the owner shall well, 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 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
251677195
Company
Page 1098 of 4682
owner and the surety to the full and faithful performance in accordance with the Land DevelopmentRegulations. The term "Amendment", wherever used in this gond, and whether referring to this Bond,or other documents shall include any alteration, addition or modification of any character whatsoever.
lN wlrNEss WHEREOF, the parties hereto have caused this PERFoRMANCE BoND to be executed this28thdavof Febru 2022
ACKNOWTEDGEMENT
sTATE OF
COUNTY OF
THE FqBEGOt
or EI pnysrcn
NG PERFORMANCE BOND WAS ACKNOWLEDGED BEFORE ME BY MEANS
L PREsENCE OR N ONLINE NOTARIZATION THIS DAY OF nr 1Q-2,20'LL.by Barbara Kininmonth NAME OF ACKNOWLEDGER) AS Vice president
\
TITIE) OF Taylor Morrison of Florida, lnc. (NAME
ME, OR HAs PRODUCEO
Notary Public - State of
(sEAL)
OF COMPANY) WHO IS PERSONALLY KNOW To
AS IDENTIFICATION
REBEKAH NORTON
Commissirn* GG 329991
Exp,res [t.ry t0 202J
EioUrl lfiu ?:lto tlrh:t So.ylj0t
,.F#rl
P ed
IIN ESSES TioenN(mea na d e Cit o o a oti np
aT M F o Iof d
l, "jvt tr,
N(us-st tv
Printed Name
\ngYrq Barbara Kininmonth, Vice president
;, otLl L d-n,t Provide Proper Evidence of Authority)
Pri
Nsclon
d Name
ITNESSES
cdarot^?.
l9r1
\_-r-z-
uS e N a em na Td tle Co oty atp
hArc ln sur
lhsd
Alexrs K ronkiewrcz
Printed Name
D'Angelo Attorneyrn-Facl
inted Name/Title Anranda Ptenna
(Provide Proper Evidence of Authority)
()AA
Rob n Salle
Printed Name
Page 1099 of 4682
ACKNOWLEDGEMENT ST ATE OF Connecticut COUNTY OF _H_a_rtf_o_r_d _________ _ THE FOREGOING PERFORMANCE BOND WAS ACKNOWLEDGED BEFORE ME BY MEANS OF � PHYSICAL PRESENCE OR O ONLINE NOTARIZATION THIS DAY OF 2 / 28 / __ _ 20 �, by Am anda Pierina D'Angeloi (NAME OF ACKNOWLEDGER) AS Attorney-in-Fact (TITLE) OF Arch Insurance Company (NAME OF COMPANY) WHO IS PERSONALLY KNOW TO ME, OR HAS PRODUCED ____ N_IA _______ AS IDENTIFICATION. Notary Public -State of _C-o_nn_e_c _tic_u_t _____ _ (SEAL) �bA/< Ptinted Name Ti mothy
TIMOTHY S. HUFFMAN
NOTARY PUBUC • CT 183092 My Commission Explras Feb. 28, 2028
Page 1100 of 4682
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and anv such po\\ c.r so cxccutr.cl.
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scd this insrrunrcnt to br.antl its corporatc scal to bc aftlx.ed bv thcir anthorized otliccrs. this
f. thc C'onrparry llus cau L3 uPon tlt\-
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Str'phtn C. Ruschak.Ilxecutive Vicc Pils;tlcnr
d,r ir..r.'br ccrilfv tllrl Rcrtan i\. Shulnrln and St.-ph.-n C. Iluschak pLyson3llv kno,,r.n to me to a( lhe sante parsons rr 11plis' 11s6;33rancc Compcny, a Corporation orgrnizcd and
are rcspcctilcll, ls Sccrctary and [:xl-cuii!c Vic. Prcsidcnr ofthc Arch InsuIvlissouri. subscribcd to rhe {irrc-uoi n-c rns!runrenl.lppcarctj be lirrc n:r, this dav
lr'lilcrcd the srirl irrs(rumerrt as thc tie.c ani
in pcrson and scrcrallv acknowlcrlscd that th c;- hcing thereunto duly ruth,rrizcrl riuncri.scrlc'd *ith th!'corporala scal r:rd d volunlrry act ofsid corporation and as thcir oBn fice ar:d r oluntapuiposes thcrcin sct lorrh.
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c l!'cir-d L x!-cu ri r c Vi cc. i)rcs idcnr o i rlrc .\ rch InsLr rancc
Iily comrnission c.rpires 07,,.3 1 i2025
,ttornr.v dated Decentber 2.2021 on bchelfofrhc
thercofand is in fuli tbrc.- and elltcr on rhc dxr!, of
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A. Shulm;n. Sl.cr!-rar),
This I't)rvcr ol'Attorng-t 11t,it. thc acls t)l-llrose namt{ lhcrein to thc bonds and unilcflakings spccil-ically nanrcd thcrcin andercepl in the nrlrcner antl to thc c.\lcnt hcrein statr,tl,
thc_v halc no authorit :y to bind thc Cc.t:tpar\.,
PI.I'1,\SIi sl:\l) r\1.1. (;l-.-rl\l l\.'()t:tRrlls Rr.r..\'n\(;'t.o't'ilts BoND 1'o't'il!; r.ot.t,()wt\(;.\t)DRl:ss:..\rch Insurancc - Surrty l)ir isirrn
3 Parkrur', Suite l50l)
Philarlelphia. P.\ I 9i 02
To veriJy the authenticity ol this power of Attorney, please contoct Arch lnsuronce compony at
Please reJer to the above named Attorney-in-Fact ond the detdils oJ the bond to which the power is ottached.
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Page 1101 of 4682
EXHIBIT IIB"
Signing Authority
Page 1102 of 4682
2022 FLORIDA PROFIT CORPORATION ANNUAL REPORT
DOCUMENT# F75785
Entity Name: TAYLOR MORRTSON OF FLOR|DA, tNC.
Current Principal place of Business:
49OO NORTH SCOTTSDALE ROAD
SUITE 2OOO
SCOTTSDALE, M 85251
FILED
Jan 04, 2022
Secretary of State
3586852830CC
Current Mailing Address:
49OO NORTH SCOTTSDALE ROAD
SUITE 2OOO
SCOTTSDALE, M 85251 US
FEI Number:59-2179728
Name and Address of Current Registered Agent
NRAI SERVICES, INC
12OO SOUTH PINE ISLAND ROAD
PLANTATION FL 33324 US
Theabovenamedentitysubmrtsthls statementlorthepurposeof changingitsregisteredofficeorregisleredagent,orboth,inthestateof Florida.
SIGNATURE
Certificate of Status Desired: No
Electronic Signature of Registered Agent
Officer/Director Detail :
Title ASST, SECRETARY, Vp
Name MERR|LL, S. TODD
Address 3030 N. ROCKY pOtNT DR.
SUITE 710
City-State-Zip: TAMPA FL 33602
Date
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
SCOTTSDALE AZ 85251
ASST. SECRETARY
ESTRADA, CAROLINE G,
49OO N. SCOTTSDALE ROAD
SUITE 2OOO
SCOTTSDALE M 85251
AUTHORTZED AGENT (ORLANDO) _
DIVISION PURCHASINb
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
PR=SIDENT, CHIEF LEGAL OFFICER
SHERMAN, DARRELL C.
49OO N. SCOTTSDALE ROAD
SUITE 2OOO
SCOTTSDALE M 85251
VP, DIRECTOR
LONGENECKER, CAMMIE LARHAE
551 NORTH CATTLEMEN RD.
SUITE 2OO
SARASOTA FL 34232
VP
PALKA, RUSSELL
551 NORTH CATTLEMEN RD
sutrE 200
SARASOTA FL 34232
Continues on page 2
above, ot on an attachment with att other like empowered,
SIGNATURE: CAROLINE G. ESTRADA 01t04t2022
Electronic Signature of Signing Officer/Director Detail
ASST. SECRETARY
Date
Page 1103 of 4682
Title
Name
Address
City-State-Zip:
Title
Name
Address
City-State-Zip:
Title
Name
Address
City-State-Zip
Title
Name
Address
City-State-Zip:
Title
Name
Address
City-State-Zip:
Title
Name
Address
City-State-Zip:
Title
Name
Address
City-State-Zip:
Title
Name
Address
City-State-Zip:
Title
Name
Address
City-State-Zip:
VP
ROSELLO, RTCHARD ('RtCH")
2600 LAKE LUCIEN DRIVE
SUITE 350
MAITLAND FL 32751
AUTHORTZED AGENT-CLOStNG (ORL),
AUTHORTZED AGENT-SALES (ORL), AUTHORIZEE
AGENT-OPERAT|NG BANK ACCOUNTS (ORL)
HERSKOVITZ, AMY
2600 LAKE LUCIEN DRIVE
SUITE 350
MA LAND FL 32751
VP
KELLER, BRIAN D
WALDROP BUILDING, 2S1OO BONITA GRANDE
DRIVE
SUITE 102
BONITA SPRINGS FL 34135
VICE PRESIDENT
MCCHESNEY, VALERIE
WALDROP BUILDING, 28100 BONITA GRANDE
DRIVE
SUITE 102
BONITA SPRINGS FL 34135
IIIHO_RIZED AGENT (JACKSONVTLLE) - LAND
ACQUISITION
BECKLEY, MTCHAEL ("MtKE.)
227 ANNIES PLACE
JACKSONVILLE FL 32218
VP
KRAJEWSKI, TANYA
3922 COCONUT PALM DRIVE
SUITE 108
TAMPA FL 33619
ASST. SECRETARY
MCNEIL, CHRISTY A
4695 MACARTHUR COURT, 8TH FLOOR
NEWPORT BEACH CA 92660
AUTHORTZED AGENT (NAPLES) _ LAND
DEVELOPMENT; LAND PERMIT'S
NORTON, KEITH
28100 BONITA SPRINGS DRIVE
SUITE 102
BONITA SPRINGS FL 34135
VP
UNDERWOOD, JOEL
2600 LAKE LUCIEN DRIVE
SUITE 350
MAITLAND FL 32751
2600 LAKE LUCIEN DRIVE
SUITE 350
I\,4AITLAND FL 32751
AUTHORTZED AGENT (NAPLES) -
HOUSE PERMITS
SUIVIMERS, ROB
WALDROP BUILDING, 28100 BONITA
GRANDE DRIVE
SUITE 102
BONITASPRINGS FL 34135
VP
LYTLE, JENNY
3922 COCONUT PALM DRIVE
SUITE 108
TAMPA FL 33619
VP
BARBER, ROBERT ('ROB")
3922 COCONUT PALM DRIVE
SUITE 1OB
TAMPA FL 33619
VP
GLUCKMAN, NtcHoLAS (,NtCK.)
2600 LAKE LUCIEN DRIVE
SUITE 350
MAITLAND FL 32751
AUTHORTZED AGENT (TAMPA)_ LAND
PERMITS
LEE, ROBER'T
3922 COCONUT PALIV DRIVE
SUITE 1OB
TAMPA FL 33619
VP
MTLLER, FREDERTCK ('FRED")
2600 LAKE LUCIEN DRIVE
SUITE 350
MAITLAND FL 32751
AUTHORIZED AGENT (TAMPA) - LAND
PERMITS
STAGNITTA, TRAVIS
3922 COCONUT PALM DRIVE
SUITE 108
TAMPA FL 33619
AUTHORTZED AGENT (TAMPA)- LAND
ACQUISITION
WILSON, DAVID
3922 COCONUT PALM DRIVE
SUITE 1OB,
TAMPA FL 33619
Address
City-State-Zip
Title
Name
Address
City-State-Zip:
Title
Name
Address
City-State-Zip:
Title
Name
Address
City-State-Zip:
Title
Name
Address
City-State-Zip:
Title
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AUTHORTZED AGENT (NAPLES) _
FINANCE
HOLDEN, TANYA
Page 1104 of 4682
Development Review Division
luly 12,2023
Arch Insurance Company
Harborside 3
210 Hudson St, Ste. 300
Jersey City, NJ 07311
RE: Performance Bond No. SU I I 80801 / Taylor Morrison of Florida, Inc.
Esplanade by the Islands - Phase 2;PL20210000687
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 Bond may now be reduced by $2,055,236.50,
leaving an available surety of $461,535.45.
The remaining balance represents 5232,738.00 in uncompleted improvements, plus $228,797.45
as the required maintenance security.
An original Bond Rider should be directed to this office, "all otherterms and conditions of the
original Performance Bond to remain in full force and effbct".
If I can be of any further assistance to you in this regard, please let me know.
Sincerely
David AxtAoxy
David Anthony
Site Plans Reviewer II
With authority in these matters
Cc: Jackie Larocque, PE, Atwell, LLC
Project File
Taylor Morrison of Florida, Inc.
Page 1105 of 4682
DECREASE PENALTY RIDER
To be attached and form a part of Bond No. sU1180g01 dated the 24th Da of
February, 2022, executed by
asMorrison of Florida, lnc.
County,as Obligee for Esplanade b y the lslands - Phase 2 - Wastewa ter, Potable
Water, Earthwork, Paving, Drainage, Li hting, Landscape - Performance Bon d, and in
the amount of Two Mill ion Five Hundred Sixteen Thousand Seven Hundred S
One Dollars and 95 100 (2,576,771,.95l,
ln consideration of the agreed premium charged for this bond, it is understood and
agreed that Arch lnsurance Company h ereby consents that effective from the 12th
Day of July, 2023, said bond shall be amended as follows:
THE BOND PENALTY SHALL BE DECREASED:
FROM: Two Million Five Hundred Sixteen Thousand Seven Hundred Se One
Dollars and 95 00(2,5L6,77L.95)
TO; Four Hundred Sixty One Thousand Five Hundred Thi rty Five Dollars and 45/100
5461,535.45
The DECREASE of said bond penalty shall be effective as of the 12th D of July,
2023, and does hereby agree that the continuity of protection under said bond
subject to changes in penalty shall not be impaired hereby, provided that the
aggregate liability of the above mentioned bond shall not exceed the amount of
liability assumed by it at the time the act and/or acts of default were committed
and in no event shall such liability be cumulative.
Signed, sealed and dated this 14th Day of July,2023
a, lnc.
RINCIPAT
BY
nce Com
SURETY
Pierina D'IN.FACT
D IS HEREBY AGREED TO AND ED BY:
Collier County
OBLIGEE
Arch lnsurance Company as surety, on behalf of Taylor
fficord, and in favor of collier
BYolorNtthtrrl
THE
BY
TITTE
I
BOND AMOUNT 52,516,771..95 BOND NO. SU1180801
Page 1106 of 4682
38726
ltis Po::: o[l'torney limits the acts of those named herein, and they have no aurhorig to bind the compony excqt in rhe manner arul to the extenr hcrein stated.Nol volid lot Note, Loott, Lettcr of Credit, Currency Ratc, lnterest Raie or Residential ialue Guarantees.
Know All persons By These presents: PowER oF ATT'RI\EY
That the Arch lnsurance Company' a corporation organized and existing under the laws ofthe State ofMissouri, having its principal administrative otlice in Jersey City,New Jcrsey (hereinafter referred lo as the ,,Company',) does h!.reby appoint:
Aimee R. Perondine. Alexis Apostolidis, Amands Pierinr D'Angelo. Belhany Stevenson, Brendan Ftetcher, Bryan M. Caneschi. Crssanrlra Baez, Donnr lll.
llln"tl Eric Strbo. Genlry Stewnr!.lacqueline Rose Susco, Jennifer Gail Godere, Joshue Senford, Krthryn hryor. Kristopher pisrno, Melissa J. strDton,Michelle Anne McMshon, Nicholes Turecrmo lnd Rebecca M Josephson of Hertfor4, CT {EA1I|)
its trur- and lawful Atlorney(s)in-Fact' to makc. execute, seal. and deliver from rhe datc ofissuancc ofthis powc lbr and on its bchalfas surcty, and as its act and dccd:
Any and all honds' undertakings' remgnizanccs and other surcty obligations. in rhe penal sum not exceeding One Hundred t-itw Million Dollars (S150.000.000.00).
This authority does not permit the same obligation to be split into two or more bonds ln ordcr to U.ing *.h-;.h b"nd *irh;n the dollar lamit oliuGoriwls -t tbrth
hcrcin.
The execution ofsuch bonds. undertakings. recognizances and other surety obligations in pursuance ofthese prescnas shall be as binding upon the said Company as
fullv and amply to all intents and purposes. as iflhe sme had bcen duly executed and acknowlcdgcd by its regularly clected otlicers ai irs principal administrarivc
officc in Jerscy City. New Jersey.
This Polver ofAnorncy is executed by authority ofrcmlutions adoptcd by unanimous conscnt ofthc tlmrd ofDirectors ofthe (iompany on August -l l, 2022, true an6
accurate copies ofwhich are hcreinaftcr sct forth and are hereby cenified to by the undcrsigncd Secretary as being in full tbrcc and ctTcct:*!'OTED. That thc Chairman of thc Board. the Prcsident. or lhe Executivc Vice President. or any Senior Vice Presidenr, of thc Suret;- Business Division, or rheir
appointees dcsigmted in writing and filed with thc Secretary, or lhc Sccretary shall halc the power and authority to appoint agenrs and attorncys-in-lbct. and to
authorize them subject to the limitations *.'t tirrth in their rcspectivc pou'ers ofauorney, to executc on bchalfofthe Clompany. and attach the scal ofthc Ciompany
thereto, bonds, undertakings. rerogniiances and other surdy obligations obligatory in the nature thscrf, and any such olliccrs olthc Company may appoint agents for
acceptancc of process."
This Po*cr ofAttorncy is signrd, scalcd and cenificd by tlcsimilc undcr and by authority ofthc following rcsolution adoprcd bv the unanimous conscnt ofthc tsoard of
Directors ofthc Company on August 3 l. 2022:
VOTED. That the signaturc of the Chairman of thc Board, the President. or the Ex!'cutive Vicc Presidcnt. or any Senior Vicc President. of thc Surety Business
Division, or thcir appointccs designatcd in *riting and filed with thc Serctary, and thc signarurc ofthe Sccretary, the scal ofthc Company. and certilications by the
Sccrctary, may be allixcd by facsimile on any powcr oiatlorncy or bond exccutcd pursuant to thc rewlution adoptcd by the tsoard ol'Diroctors on Augusl I l. 2022, and
any such powcr $ cxccutcd, sealed and ccrtified with respocl to any bond or undtrtaking to which it is attached. shall conrinue to be valid and binding upon thc
Company. ln'[
of Mrv.20p.
estimonl $'hercof, thc ('ontpanv has causcd this instrumcnt to bc and its corporatc sc'al to bc affixcd bv thcir authorized ol)iccrs. this lEtr day-
Attrstrd and ('crtificrl Arch I nsur*nce ('ompanl
A.g)l-^-ffifh{,il--
Shulman. Sccrctary Stcphcn C. Ruschak, Executive Vicc Prcsident
sr-ATt o[ P1]\\s] t.\',\\t,\ ss
( ot \I'\'(x Pilil..\Dl.t.Pilt,\ ss
I, Michele 'Iripodi. a Notary Public, do hcrcby ccrtity that Rcgan A. Shulman and Stephen C. Ruschak personally known to me to he the smc pcrsns whose names
are rcspcctively as Sccrelary and I'lxccutivc Vicc Prcsidcnt ofthe Arch Insurance C'ompany, a (-orporation organized and existins under thc laws ol'the Statc of
Missuri, subscribcd to the foregoing instrument. appcared bcfore me this day in p..rson and severally acknow['dged that thr'y bcing thcrcunto duly authorized signcd,
seale'd with the corporate sal and dclivcrcd thc said instrument as thc free and voluntary act ofsid corporation and as thcir orn frcc and voluntarv tirr the uscs and
purposqi therein set lbrth.
Hofi.t.ttt 00t,
16 My commission expircs 07;3 I12025
(.ERTIFIT'.\TI()\
I. Regan ;\. Shulmrn. Sccrclary of the Arch Insurancc Companv, do hcrcby certify lhat thc attachcd Poner of Attorne!- drted Msr tE. 2023 on brshalf et'thc
pcrson(s) as listcrl above is a true and corccl copy and lhal thc samc has bccn in full lbrce and effect since thc datc thcrcofand is in full lbrcc and cft'ect on the datc ol'
ofthc attachcd Pou,er olr\tlorney thc duly clcctr'd Exccuti\c Vice President ot'the Arch Insurancc ('omguny-.
IVI'ESTIMO:IY WHERI:OI', I havc hercunto suhscribed my namc and affixed thc corlnrute seal of Ihc Arch lnsuranee Company on lhistljhdsy of__ .JglI_.
20 23
/**- A.g)4--'
[effi A sh"l,*". s""r-t"ry
This Powcr ot'Atlorney limrts thc acts ol'thosc namcd
cxecpt in (hc manner and t(! tho exlcnt hcr!.in stated.
thercin to thc bonds antl undcrtakings spcciliellll nantcd thcrcin and thcr har c no to bind thc Company
PLI_rrst_ st \D AI_t. ('l.AIll t\Qt tRtl.s Rl.l,At tN(; I()I'Hts B()\D't0 TItlt t()t_L0!l lr*G ADDRESS:
.lrch Insurance - Suretr l)ir irion
J Parkwel-. Suitc 1500
Philadelphia, PA 19102
To verity tlte outhenticity oI this fuwcr of Aftorney, pleose contact Arch lnsurance Compny ot
Plcasc rcler to tlp obovc nomed Altorney-lt>Foct and tlu detolls ol tl* bond to whlch tle pwcr ls dttoclpd.
q,trrx^lt
ttAt
rrrt
lbrud
qrtnoa^rt
tt^l,
rtrt
Ibrud
AtcPoA040120 Printed in U.S.A.
Page 1107 of 4682
W
Gru,fih Management Department
Development Review Division
December 1-9,2023
ARCH lnsurance Company
Harborside 3,2L0 Hudson St., Ste. 300
Jersey City, NJ. O73LI
RE: Esplanade by the lslands Phase 2 / PL202L0000687 /Taylor Morrison
Your Bond No. SU1180801 Bond Reduction #2
Dear Applicant:
Please be advised that based on the work completed and inspected to date, the subject
Performance Bond may now be reduced by $105,908.00, leaving an available security of
s355,627.45.
The remaining balance represents S126,830.00 in uncompleted improvements, plus
5228,797.45 as the required 10% maintenance security.
Please have an original Bond Rider directed to this office, reducing the value of the surety, "all
other terms and conditions of original Performance Bond to remain in full force and effect".
This reduction will become effective upon our receipt of the original Bond Rider
lf you should have any questions, please advise
Sincerely,
loAn Hoa0dswottA
John R. Houldsworth
Senior Site Plans Reviewer
ATWELL
Dw&pnot RevbwDMs*:n.28ffi Nch Horse$e Drive.l.hfles, HoriCa 34104.239252-2400 .r*rw.coflkgovnd
Page 1108 of 4682
DECREASE PENATTY RTDER
BOND AMOUNT s461,535.45 BOND NO. SU1180801
To be attached and form a part of Bond No. SU1180801 dated the 24th Day of
February, 2022, executed by Arch lnsurance Company as surety, on behalf of Taylor
Morrison of Florida, lnc. as current principal of record, and in favor of Collier
County, as Oblig ee for Esplanade by the lslands - Phase 2 - Wastewate r, Pota b le
Water, Earthwork, Paving, Orainage, Li ghting, Landscape - Performance Bond, and in
the amount of Four Hundred Sixty One Thousand Five Hundred Thirt y Five Dolla rs
and 45l100 (5461, s3s.4s)
ln consideration of the agreed premium charged for this bond, it is understood and
agreed that Arch lnsurance Company hereby consents that effective from the 19th
Da of December,2023, said bond shall be amended as follows
THE BOND PENALTY SHALL BE DECREASED:
FROM: Four Hundred Sixty One Thousand Five Hundred Thirty Five Dollars and
451100 (s461 ,53 5.45 )
TO: Three Hundred Fifty Five Thousand Six Hundred Twent y Seven Dollars and
4s/L00 s355,627.4s)
The DECREASE of said bond penalty shall be effective as of the 19th Day of
December, 2023, and does hereby agree that the continui ty of protection under said
Signed, sealed and dated this 20th Day of December,2023
Taylor Morrison of Florida, lnc.
PRINCIPAT
BY
Arch lnsurance Company
SURETY
Sarah Murtha, ATTORNEY-lN-FACT
THE ABOVE BOND IS HEREBY AGREED TO AND ACCEPTED BY:
Collier County
BY
TITLE
bond subject to changes in penalty shall not be impaired hereby, provided that the
aggregate liability of the above mentioned bond shall not exceed the amount of
liability assumed by it at the time the act and/or acts of default were committed
and in no event shall such liability be cumulative.
BY
OBTIG EE
Page 1109 of 4682
SurePath2022
ffuhractAoencyhb,btaoftfumdbdi.endttr,l,I7'o.affiytobtdthcCnpayaeTe hthe suactantb,rcqatM,tud.
Nol t& lo? NoU, Lua Lao olcrea C.rrttuy ndq tt ,E t , noa a, R&crh! yolu G'[,tr,rue.,,
xDr Ar ptnrr By Tlcrc pr..tr: PoIYER oF ATToRNf,Y
Ttlt thc Arch In$raoct Ccnpany, a corpantirrr orgmiz.d and cxisting undcr lhc laws of thc Stdc of Missorri, having its pmrcip.l dministntivc offrcc in Jcrrcy City,N* Jcrsy (hcrcina0cr rrfcrrod to es thc tmpaoy') dc tcreby appoint:
Sareh Murtha
iB truc ud hwful Andocy(s)in-Frt, to mdcc, crccut , scrl, ed dclivcr from thc &tc of issu.ncc of thb po*s for rld on its bcbilf !s grrgty, end ac is !.i d dcod:
Any and all bon&, undcrtatings, recognizarrccs and other urcty dligrtiors. in thc p.ill strn nd crcooding o'rc hrm&cd rd Fiftv Millioo Dollars ( I5O.Om.mO.0O).
Any end all boo&" u&st*ings, rccognizrnccs ald otlra surcty oblitrtioos.SurayBoodNumbcr: Sull8080l
Principrt Taylor Morrison of Florida, tnc.
Obligoc: CollierCounty
This ruthcity doc3 nol pctmil lhc artnc obligrtion to bc alit inro two or morc bon& h or&r to bring cach sucb bond within rhc dolls, limit of authority rs s€t forth
hcrcin.
Thc cxccution of $rh bonds, rmdqrrkings, rccognizarcca ,nd othcr surr{y obligatims in pumrurcc of thcrc Fescnts sllsll bc es binding rpoo thc sail Compny rs fullyad.t4ly to all intants and purposcs, rs if &e sarrc had bcn duly erecuted ud rknoillodgpd by ia rcguhrly clcctcd officers d its priripal a&ninirtntivc officc in
J6scy City, Ncw Jcrscy.
This Powcr of Anomcy is cxecutcd by authority of rcsohrtims a@ad by unanimous conscil of thc Board of Dir.ctor of thc Conprny on Augu$ 3 I , 2022, true rnd
rccuile copies of which are hcreinafler sei fonh rnd are trcrcby certificd to by the un&nignod Socrctrry as being in ftll force and efFst:
"VOTED, That the Chairman of the Boad, the Preside*rt, or the Executive Vicc hesident, or any Senior Vice Prresident, of thc $rcty Buriness Divisioo, or their
than nrbjcct to dr limiotions sa forth in thcir Espoctive poxrcr3 of anancy, ro cxccutc m bclulf of thc Company, ud anach thc scat of rhe Compuy thcrao, bonds,
uttdcnakings, rccognizanccs tnd odrcr $ftty obligatidrs obligdory in the naore thcreof, urd any such officcrs of thc Canpany may rppoinr agers for ecrflrncc of
procass.'
This Powcr of Anonry is signcd, scalod ud cenified by hcsimilc under and by auftffity of thc following rcsolutioo adogrcd by thc urunimors conscn! of thc Bcrd of
Dircctors ofthc Cofipany or August 31, 2022:
VOTED, ThEt the signaturc of drc Chairmo of thc Bord, the Presidenr, or the Ercc-utivc Vice Presidor. or any Senior Vice Presidenr, of 0re Surcy Busiacss Division,
a thcir rmcinrccs dcsignatod in writing ud filcd wilh tbc Scaaary, rnd thc signature of thc Sccrctary, thc scat of Oe Corrpany, and cerrificatims by the Sccrarry. msy
be afhxcd by frsimile on my porcr of anomey or bord erccuted Frsurnt to the resolutim rdoprcd by rtre Borrd of Dirccrors m August 3 f , 2022, ard rny such porer
so cxccutcd, scrlcd and cctti{icd with rcspoct to any bord or un&rtating o which il is rtrlchcd, shall continuc to be velid urd Unding upoo thc Conpany. tr Tcrduny
Wtcrcof. thc Company has causcd this ingrumenr to bc signed stld irs corDorate scal to be affixed by their authonzed officers. this !!l&1 of !gg$ ?gee
Attestcd end ( crtilicd
A,q)4.^-
Regan A. Shulman, Secretary
STATE OF Pf,NNSYLVANlA SS
COUNTY OF PHILADELPHIA SS
I, Mkfch Trlpodi, a Notary Public, do hacby ccnily tlrEl
ry€ rcspcctivcly ss Sccdrry and Exocutivc Vice President
Missouri. subscribed to thc forcgoing instrurnent, apearcd
CERTIFICANON
Stephen C. Ruschak, Execulive Vice President
Rcgan A. Shulman and Stcphat C. Ruschak pcrsonally known to mc to be thc same persors whos. nrm€s
ofthe Arch lnsurance Company, a Corporation organized ard existing under thc hws ofthc Statc of
beforc me this day in pcrson and scverally acknowlodged rhar ilrey bcing thereunto duly authmizcd sigred,
Michelc Tripodi, Nomry Public
My commissioo expires 07/3112025
Erccutive Vice Prssidert, was on the date
sealed with the corFrrate scal and delivered the said instrumcnt as the froe ard voluntary ro ofsaid corporatior and as their own frec and voluntary ea for rhe uses rrd
purposcs thcrcin sd fonh.
-t;
I, Rrarn A. Slulmu . Serctary ofthe Arch Insura*ce Cornpany, do hereby ccnifo that the anached Powcr ofAttorncy drled Aunrt !1.2022 on behalfofrhe
p€rsor{s) as lised above is a tnre ard crx'rect copy ard thar the samc has bcen in full force and effecl sincc the date thereofand is in full force and effect on thc date of
this ccrtilicatc; ard I do funher ccrti$ thlt frc said Stedrcn C. Ruschak, who exccltcd thc Powcr of Anomey as
ofthc rtuchcd Power ofAnomey the duly elected Executivc Vicc Prcsid€ol ofthc Arch Insurarrce Company.
lN TESTIMOII{Y WHEREOF. I hEve hcrcuoto subecribcd my mme and rffxed the corporac scal of the Arch
December, 2023
lnsurance Company on 2orh
ofexccution
of
Regan Shulman, Secretary
This Power of Anorncy limis thc acts of thosc namcd thcrein to the bonds and rmdcrtakings specifically nanrcd rhecin snd thcy hsvc no aultority to thc Company
exaepl in the mamcr and to he extilt herein slal€d.
PLEASE SENII ALL CLAIM INQI,IR.IES Rf,LATING TO THIS BOII|D TO THf, FOLLOWNG ADDRESS:
Ancl lrrnmc - Srrtty Divirbl
3 Prrtrry. Srie 1500
Ptlhd.lpth, PA 19t02
To wrfy the outlEntkky ol thls Powcr o{ Attocney, plca* con.o,ct Arch ll,sura,rce anpady dt
Pleo'tr '!t"t to tttc abovc norncd Atto','€,^t*Focl ard tl* dtaoik of the bond to whkh the pow.r It oltocffi.
@Srm^ra
ItArt?t
llrril
@ifi,.arar:lrl't
ArcPoA08312022 Printed in u.s.A.
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