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Agenda 09/13/2016 R Item #16A27 16.A.27 09/13/2016 EXECUTIVE SUMMARY Recommendation to approve final acceptance of the water and sewer facilities for Amberton (F.K.A. Indian Lakes), PL20120001703, accept unconditional conveyance of a portion of the water and sewer facilities, and to authorize the County Manager, or his designee, to release the Utilities Performance Security (UPS) in the total amount of $137,493.13 to the Project Engineer or the Developer's designated agent. OBJECTIVE: To have the Board of County Commissioners, as Ex-Officio Governing Board of the Collier County Water-Sewer District, approve final acceptance of the water and sewer facilities, accept unconditional conveyance of a portion of the water and sewer facilities, and to release the Utilities Performance Security (UPS) in the total amount of$137,493.13, in accordance with the Collier County Utility Standards and Procedures, Ordinance No. 2004-31. CONSIDERATIONS: 1) The Developer of Amberton (F.K.A. Indian Lakes), has constructed the water and sewer facilities within dedicated easements to serve this private development. A portion of the water and sewer facilities will be conveyed to the County, as described in Official Records (O.R.) Book 4272, Page (PG) 1329.The remaining water and sewer facilities will be private. 2) Preliminary acceptance of these utility facilities was approved by Development Division staff on June 21, 2007. At that time, the value of these water and sewer utility facilities (assets) was $74,319.78 and$49,496.75 respectively. 3) Staff recorded all preliminary acceptance documents associated with the facilities being conveyed to the County in the public records of Collier County, which were reviewed and approved by the County Attorney's office as to form and legality. The County acquired its interest in a portion of the water and sewer facilities by Utilities Facilities Warranty Deed and Bill of Sale recorded in O.R. Book 4272, at PG 1329 of the Public Records of Collier County, Florida. 4) The water and sewer utility facilities have been operated and maintained during the required one (1) year warranty period, following preliminary acceptance. 5) A final inspection to discover defects in materials and workmanship has been conducted by staff on July 8, 2016, in coordination with Public Utilities, and these facilities have been found to be satisfactory and acceptable. 6) The on-site water and sewer utilities, less the water and sewer utilities described in O.R. Book 4272, PG 1329, are owned and maintained by the developer. 7) Staff recommends final acceptance of the subject utility facilities and to release the Utility Performance Security(UPS) in the total amount of$137,493.13. 8) This final acceptance is in accordance with Collier County,Ordinance No.2004-31, as amended. 9) Staff is unaware of any issues that would serve to negate the recommendation to release the Packet Pg. 667 1 6.A.27 09/13/2016 applicable security. FISCAL IMPACT: Approval of this Executive Summary will have no specific financial impact. However, approval of this Executive Summary will result in the Collier County Water-Sewer District receiving unconditional title to a portion of the water and sewer utility facilities, which at the time of preliminary acceptance,had a total gross value of$123,816.53 (no depreciation applied). GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this Executive Summary. LEGAL CONSIDERATIONS: This item has been approved as to form and legality, and requires a majority vote for Board approval -SAS RECOMMENDATION: To approve final acceptance of the water and sewer facilities for Amberton (F.K.A. Indian Lakes), accept unconditional conveyance of a portion of the water and sewer facilities, and to authorize the County Manager, or his designee, to release the Utilities Performance Security (UPS) in the total amount of$137,493.13 to the Project Engineer or the Developer's designated agent. Prepared by: Melissa Alvarez, Operations Coordinator,Development Review Division, Growth Management Department ATTACHMENT(S) 1.Asset Sheets -Amberton(F.K.A. Indian Lakes) (PDF) 2. Location Map -Amberton(F.K.A. Indian Lakes)(PDF) 3. Exhibit A-Amberton(F.K.A. Indian Lakes) (PDF) 4. Copy of Letter of Credit(PDF) Packet Pg. 668 16.A.27 09/13/2016 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.27 Item Summary: Recommendation to approve final acceptance of the water and sewer facilities for Amberton (F.K.A. Indian Lakes), PL20120001703, accept unconditional conveyance of a portion of the water and sewer facilities, and to authorize the County Manager, or his designee, to release the Utilities Performance Security (UPS) in the total amount of $137,493.13 to the Project Engineer or the Developer's designated agent. Meeting Date: 09/13/2016 Prepared by: Title: Operations Coordinator—Growth Management Development Review Name: Melissa Alvarez 07/14/2016 3:54 PM Submitted by: Title: Department Head-Growth Management Dept—Growth Management Department Name: David Wilkison 07/14/2016 3:54 PM Approved By: Review: Growth Management Operations&Regulatory Management Kenneth Kovensky Level 1 Sim.Reviewer 1-8Completed Water Steve Messner Level 1 Sim.Reviewer 1-8 Completed 07/14/2016 4:07 PM Growth Management Department Judy Puig Level 1 Division Reviewer Completed 07/14/2016 4:31 PM Wastewater Steve Nagy Level 1 Sim.Reviewer 1-8 Completed 07/14/2016 5:03 PM Wastewater Beth Johnssen Level 1 Sim.Reviewer 1-8 Completed 07/15/2016 7:44 AM Water Pamela Libby Level 1 Sim.Reviewer 1-8 Completed 07/18/2016 7:10 AM Growth Management Department Matthew McLean Level 1 Sim.Reviewer 1-8 Completed 07/22/2016 2:46 PM Engineering&Natural Resources Jack McKenna Level 1 Sim.Reviewer 1-8 Completed 07/26/2016 1:03 PM Public Utilities Planning and Project Management Tom Chmelik Level 1 Sim.Reviewer 1-8Completed Growth Management Department Judy Puig Level 2 Division Reviewer Skipped 07/14/2016 4:31 PM Growth Management Department Jeanne Marcella Level 2 Division Administrator Completed 08/12/2016 10:34 AM County Attorneys Office Scott Stone Level 2 Attorney Review Completed 08/19/2016 10:41 AM Growth Management Department Judy Puig Level 3 Division Reviewer Skipped 07/14/2016 4:31 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 08/19/2016 2:28 PM Budget and Management Office Mark Isackson Level 3 OMB 1st Reviewer 1-4 Completed 08/22/2016 10:50 AM County Attorney's Office Jeffrey A.Klatzkow Level 3 County Attorney's Office Review Completed 08/22/2016 12:46 PM Packet Pg. 669 16.A.27 09/13/2016 Growth Management Department Judy Puig Level 4 Division Reviewer Skipped 07/14/2016 4:31 PM County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 08/27/2016 9:32 AM Board of County Commissioners MaryJo Brock Meeting Pending 09/13/2016 9:00 AM Packet Pg. 670 16.A.27.a ,.....- c.,) a CERTIFICATION OF CONTRIBUTORY ASSETS t-- e— a PROJECT NAME: INDIAN LAKES(AMBERTON) c) csI 2- C.) LOCATION: Section 22,Township 48 South,Range 26 East C•I Collier County,Florida _J D. NAME&ADDRESS OF OWNER: in a) Home Dynamics Corporation Co 4788 West Commercial Boulevard c Tamarac,Florida 33319 cc It-5 C TYPE OF UTILITY SYSTEMPOTABLE WATER(MATERIALS ONLY) ITEM SIZE (JUAN. UNIT COST TOTAL I U: 440 12"PVC-900-DR 18 30 LF 38.21 1,146.30 c 49 560 8"MASTER METER&BKFL PREV 1 LS 22,761.42 22,76142 570 24"X12"TAPPING SLV&VLV 1 EA 5,098.60 5,098.60 _C1a.) CANAL CROSSING(PILING/CAPS) 1 LS 34,300.00 34,300.00 E FAN GUARDS 2 EA 848.00 1,696.00 c.t 12"DIP FLG 80 LF 93.32 7,465.60 cl.) 12"MJ/FLANGE 45 BENDS 4 EA 362.00 1,448.00 o 1"ARV ASSM 1 EA 403.86 403.86 c P.. CL a) L) L) 1 TOTAL COST: $74,319.78I < Cl) I do hereby certify that the quantities of material described above are true and an accurate representation of the as-installed cost of the system. --- = .-- 5 CERTIFYING: CC. , .. Jerry C.Neal,P.E.,Project Manager co „... OF: HOLE MONTES,INC. , . x— , in 950 Encore Way Naples,Florida 110 cu , .)c I do hereby certify that the qtóntitiesf Mate.?f described above are true and an accurate representation of the as-instalied cost of the ct —J system. , / /7 _. C ,''-' cO . CERTIFYING: / ) Es C tif , :/ .44 Todd Blum,V.P,/ OF: Sbni/Engineering,Inc. 8461 Lake Wo i4h Rad;Sulte 234 0 Lake Worth,Florida 33461 " 0 E STATE OF FLORIDA ) < ) SS: to COUNTY OF PALM BEACH ) a) a) = Cl) 15 Theioreg•ing instrument was signed and acknowledged before me this 4?Jay of December,2006 by cn 1'1/4 who is,,,,,,.. .III no •me and who did not take an oath. 0 )1 , 41 .07:4;..., RONALD J.RICHARDS a AI ..s MY COMMISSION it DO 286512 SEAL: is.•....2,,i'l;..' i1 EXPIRES:June 1,2008 < .;..; (I) Nota Public Vy•••••kk, E • ... Bonded'Nu Notary Publro Underwriters C L) Co 4-, a. CADocuments and Settings\Ron\Local Settings\Temporary Internet Files\OLK20\h2o-CONTRIBUTORY ASSETS-WATER 061204 rev'd X2 0612041.XLS Packet Pg. 671 16.A.27.a CERTIFICATION OF CONTRIBUTORY ASSETS-COUNTY o r-- ‘— c)0 PROJECT NAME: INDIAN LAKES(AMBERTON) C O N LOCATIO Section 22,Township 48 South,Range 26 East p Collier County,Florida N J a NAME&ADDRESS OF OWNER: in 0) Home Dynamics Corporation rp 4788 West Commercial Boulevard C Tamarac,Florida 33319 et C TYPE OF UTILITY SYSTEM: SANITARY SEWER(MATERIALS ONLY) < I ITEM SIZE QUAN. UNIT COST TOTAL LI_ C 230 6"PVC C-900 DR 18 FORCE MAIN 30 LF 14.68 440.40 250 DIRECTIONAL BORE HDPE CASING-SOR 11 80 LF 32.86 2,628.80 't 255 6"HOPE CARRIER-SDR 11 80 LF 11.74 939.20 N 280 12"X6"TAPPING SLV&VLV 1 EA 1,313.50 1,313.50 E CANAL CROSSING(PILING/CAPS) 1 LS 35,810.00 35,810.00 Q FAN GUARDS 2 EA 848.00 1,696.00 6"DIP FLG 81 LF 63.03 5,105.43 a) 6"MJ/FLANGE 45 BENDS 4 EA 177.00 708.00 U 2"ARV ASSM 1 EA 855.42 855.42 03 C- a) 1 TOTAL COST: $49,496.751 CU) I do hereby certify that.the quantities of material described above are true and an accurate representation of the as-installed cost u) of the system. CERTIFYING: , , 76C Jerry C.Neal,P.E.,Project Manager OF: HOLE MONIES,INC. 950 Encore Way Naples,Florida 34110 N I do hereby certify that th quantiti sof ry�I described above are true and an accurate representation of the as-installed cost - of the system. / / cls J CU CERTIFYING, J '—� f/ ItTs a____....,_ < p Todd BIu ,V7. 1 ,-" (w� Q V7. � ----- OF: j,, Scenic Engineering,Inc. 8161 Lake Worth Road,Suite 234 0 Lake Worth,Florida 33461 '03 .Q STATE OF FLORIDA ) Q ) SS: r COUNTY OF PALM BEACH ) cn a) a) J= co .. ,, .. hte Toregoin instrument was signed and acknowledged before me this �ay of December,2006 b N 1 - ,...1,�„,who is personal! n,wn to me and who did not take an oath. Q !"t1f ���.y RONALD J.RICHARDS • j j �., ; MY CDMM)SSION t DD 266512 1 2- 9) r f ,< EXPIRES:June 1,2006 = Notary P(Iblrc SEA. s any 8aodedTtwNotaryPublicurrlervinters a) s C. 4 C:\Documents and Settings\RontLocal Settings\Temporary Internet Files\OLK2D\san-CERTIFICATION OF CONTRIBUTORY ASSETS(SANITARY)061204 rev'd X21.XLS Packet Pg. 672 _..._ I 1 _ 16.A.27.b I 1 i [ f EMT A OE 6 4? ) I TAM:IN.:t sj F.A:7.D_ GO CD , 511 •— 16 15 14 i 13 :47+ p 0 1---'; - (TS Li...— '' I 1 1 C A. ANC:i SITE LOCATION (.0 •=4. EST AiTi5 IN CO 0,,,C+.7 cr-ikTss ....... 151-10RE ..,.---- . . ,—.. 0. -- HgeA.,'":;i: Ei kw CD 2/ ',: 22 1 23 OLDE CYPRESS —1 1 ri : . . "0 ,r. ------1— , NAM_ ..--;– M014:::4.1_-.7.E ROAD (C-R. E4 - - ,,, — . –1 R .6. ..-- CU Mai ---- 1 i rl , --! RD-LAND 14LSORT7. -- LL Cr 1 I rri— magengea 1 , _ CD I ,L2L____H HEII :. HAWCli-A-..0 AL rtrAS E - -- ! < INDIG0 1 ,_ I LAKES ERI TTArre NICAZA AC/I:NW' „ ------ - - - - — 2 ; c 0 IIIBIK..15 • \ cci 1 o 1 , is...al Emrkue, 0 DR. W --I I DERHIL1 1 1.$40LF CS EEK 1,71,7,F.'.i TRY (.4,..\,5 . 33 '-------7 3# c CD 1 WI'SSICRi liu.l. E „..., ..c ,EK.., R,..1 VA DERE3II I DEACH POA C EX1. CU dma. 4:t ,_ „.....,. I i 1 • -— - - - - — Packet Pg. 673 LOCATION MAP 16.A.27.c Exhibit A ti Utilities Performance Security (UPS) and Final Obligation Bond J Amount Receipt Number "i7)- 10% 10% UPS Bond $137,493.13 LOC NO. SM224218W Final Obligation Bond N/A i = Total Amount $137,493.13 The 10% UPS Bond, if applicable, is based on the total amount of the water and/or sewer LL utilities being installed for the whole project which includes material and labor. The contributory assets reflect the cost of materials, not labor and are based on the assets of which the county will be owning and maintaining. E a) Final Obligation Bond, if applicable, in accordance with Utility Ordinance 2004-31 0 m 0 Attachments: 1. Verification of Final Cost Ta _ U- N a) N J _ CC _ LL. _ 0 a) E w _ a� 0 Packet Pg. 674 I 6.A.27.c VERIFICATION OF FINAL COST c) r-- PROJECT NAME: INDIAN LAKES IAMBERTON) CD CD LOCATIC Section 22,Township 48 South,Range 26 East t°**,„ , CD Collier County,Ronda ' i, 4 NAME&ADDRESS OF OWNER: CV —I a. Horne Dynamics Corporation 4788 West Commercial Boulevard U) CO Tamarac.Florida 33319 CO TYPE OF UTILITY SYSTEM: POTABLE WATER C CO ITEM SIZE DUAN UNIT COST TOTAL I 15 C 400 4"PVC C-900 DR 14(FIRE LINE TO DDC) 1,300 LF 41.21 53 573 00 < 410 ET PVC C-900-DR/8 540 LF 2924 15,78960 420 EF PVC C•900-DR 18 2120 LF 37 13 7,42600 LI: 430 10"PVC C-900-DFI 18 4,100 IS 40 71 166,91100 435 10"PVC C-900-DR 14 120 LF 47 79 5.73480 Z 440 12"PVC C-900-DR 18 100 LF 59 36 5.93800 0 450 SINGLE SERVICES 40 EA 2,20935 88.374 00 = 470 4"GATE VALVE 39 EA 845 00 32,955 00 at 480 r GATE VALVE 2 EA 1.16000 2,320 00 ..c 490 1CF GATE VALVE 9 EA 1.62000 14 580 00 E 520 EF BLOVV OFF ASSM 1 EA 710 00 71060 < 530 FIRE HYDRANT ASSM 22 EA 2 655 00 58 410 00 540 SAMPLE POINTS-PERMANENT 1 EA 1,17009 1,17000 dt 550 SAMPLE POINTS-TEMP 6 EA 380.00 2.28000 0 560 8"MASTER METER&BKFL PREY 1 LS 33.30900 33.300 00 C 570 24X12"TAPPING SLV&VLV 1 EA 11,200 00 11.20000 2 CANAL CROSSING(PILING/CAPS) 1 LS 68.600 00 88.60000 fa. FAN GUARDS 2 EA 1,30000 2,60000 0 12"DIP FLG 80 LF 115 00 9.20000 0 12MJ/FLANGE 45 BENDS 4 EA 500 00 2,00000 1'ARV ASSM-AER1AL 1 EA 600 00 60000 0 630 TEMP GAP USING 6"BKFL FOR FIRE PROTECTION 1 LS 10,00000 10 000 00 ED 640 CHLORINATE&TEST 1 LS 12 800,00 12,80000 '0 TOTAL COST: 006,449.401 I do hereby certify that Ste guantrbeS of material and services described above are true and an accurate representation of the CO asmstaited cost of the system C El: CERTIFY tO "tt -, ...........-:---,,,...- ,>"-' -,,, tO ...'„•:,----4— ,,-, __. .... JOrrif .Neal,P.E.,PnajeCt Manager -' J-----2N ,--' C.,-- -,..... , ... OF: HOLE MONIES,I / rd 950 Encore Wa i 1,,. ,/. .le ca Naples,Hod 341 0. , _ . C I do hereby certify that the qtrtls of rnaffec/ial and services described above are true and an accurate representation of the rt1 , / as-instated cost of the/ j f,--i. f, TS - C CERTIFYING: -- - — . ----- ,.. V Todd Bluth,V.P. i , LL: ' OF: ./Sonic Engineering,Inc.—:a-, , , f 8461 Lake Worth Road,Suite 234 Like Worth,Florida 33461 0 ..c E STATE OF FLORIDA ) )SS: < COUNTY OF PALM BEACH ) :70 1E qlif x W •instrument was signed and acknowledged before me this f day of December,2006 by L e") L.- r` who is i.,,, .na own to me and who did not take art oath. • ,,,,,,,,,„ - ' 7--- ,,„ ,,,,,,4.: AN. . • „. RONALD Ja) '' .RICHARDS i ric-N-/ ' , I t ' SEAL: iv,: 44 .....a MY COMMISSION#DD 285512 - al • s ...71• 46„ i T? EXPIRES:June 1,2008 Nota Pu 4;0' SeadvdThfu Nasty Putic Underwrfters E Cb 0 r6 4-. C\Documents and Settangs\Ron\Local SetnnoslTemporary Internet Fdes\OLK2D112o-VERIFICATION OF FINAL COSTS(WATER)061204 revd1.XLS Packet Pg. 675 16.A.27.c VERIFICATION OF FINAL COST M O PROJECT NAME: INDIAN LAKES)AMBERTON) O O LOCATIC Section 22,Township 48 South.Range 26 East O Collier County,Florida y NAME A ADDRESS OF OWNER; c. a N si k Home Uynamis Corporation .fes Q. 4788 West Commercial Boulevard to Tamarac,Florida 33319 W Y CO TYPE OF UTILITY SYSTEM SANITARY SEWER C CO ITEM SIZE DUAN UNIT COST TOTAL &deem Oesrn Wen Quantify Units UM fetes Total 180 8"PVC SOR-28 06'GRAVITY 2,007 LF 58,57 117549.99 190 B'PVC SDR-26 6-8'GRAVITY 1.253 LF 60.27 75.518.31 200 8'PVC SDR-26 8-10 GRAVITY 619 LF 68.02 42.035.36 Ll_ 210 8'PVC SDR-28 10.12'GRAVITY 276 LF 76.37 21,078.12 220 LIFT STATION 1 LS 177.000.00 177.000.00 C 230 6"PVC C-900 DR 18 FORCE MAIN 1,220 LF 29.78 38,331,80 d 250 DIRECTIONAL BORE HOPE CASING SDR 11 80 LF 163.00 13,040.00 L 255 5'HDPE CARRIER-SOR 11 80 LF 59.00 4,720.00 N 260 CHECK VALVE 1 EA 2,480.00 2,480.00In 270 MANHOLE VV/2'ARV 1 EA 6,500.00 6,500.00 >✓ 280 12'X8'TAPPING SLV d VLV 1 EA 5,900.00 5,900.00 Q CANAL CROSSING(PILING/CAPS) I LS 71.620.00 71.620 00 r FAN GUARDS 2 EA 1,30000 260000 OS 6'DIP FLG 81 LF 80.00 6,480.00 8'MI/FLANGE 45 BENDS 4 EA 25000 100000 CES 2'ARV ASSM-AERIAL 1 EA 1,300.00 1,300.00 ' 290 4'DIA MANHOLE 0-6' 10 EA 4,950.00 49,500.00 Q- 300 4'DIA MANHOLE 8-8' 4 EA 6,015.00 24.060.00 C./ t) 310 4'DIA MANHOLE 8-10 3 EA 7,250.00 21,750.00 0 320 4'DIA MANHOLE 10.12' 1 EA 8,470.00 8,470.00 Q 330 TIE INTO UFT STATION 1 LS 4.875.00 4,675,00 Cl) 350 SERVICES 39 EA 1,375 95 53,862.05 d 380 VIDEO GRAVITY SEWER 4,155 LF 2.25 9,348.75 s=r 370 VIDEO GRAVITY SEWER(1 YR AFTER ACCEPTANCE) 4,155 LF 2.85 11,841.75 TOTAL.COST: 1768,461,931 I do hereby certify that the quantilesre Ina—lerial and services described above are true and an accurate representation of the t0 as-installed cost of the sy6B3riL. C_ CERTIFY �,„--�::-� .. CO Jerry C.Neal,P.E-,Project Manager " Cl) OF: HOLE MONIES,INC_ N 950 Encore Way,s ,,!`r- CO Naples Florida 0 J J III j C Ido hereby certify 6441 thea : i:.',of ma_.,r and services described above are true and an accurate representation of the 83 as-installed cost of the s"1 " - a CERTIFYING: ` C Todd // / l OF:,i Sonic Engtnikenng Inc,------ "� /8461 Lake Worth Road,Suite 234 CO Lake Worth,Florida 33461 0) SI E STATE OF FLORIDA ) I SS: COUNTY OF PALM BEACH ) 4- 'rl = _ s< Tpe forAAegoi instrument was signed and acknowledged before me this 7 day of December,2006 by )jj f✓r0 4 g: i.-`i""t who fs..•,t..,,. own to me and who cid not take an oath. .. /� a MY COMMODD286562s ,L: • °` •Nota71Q Z '1r H, •�'•P(y • Bondad Nu Notary Put*Underwriters V re+ C\Documents and SetIlny$V2onlLocal Settings\Temporary Internet.FiteslOLK2Dlsan•VERIFICATION OF FINAL COST(SEWER)081204 rev'd1.XLS Packet Pg. 676 16.A.27.d NANC HOVEN.. IRREVOCABLE STANDBY LETTER OF CREDIT NO. SM224218W I LETTER OF CREDIT AMOUNT I ISSUE DATE ( EXPIRY DATE USD 137, 493 . 13 I 02/01/07 I 02/01/09 ti 0 0 ISSUER: WACHOVIA BANK, NATIONAL ASSOCIATION, LETTER OF CREDIT DEPARTMENT, 401 LINDEN STREET, WINSTON-SALEM, NC 27101 . (HEREINAFTER "ISSUER") . N 0- PLACE PLACE OF EXPIRY: AT ISSUER'S COUNTERS LOCATED AT WACHOVIA BANK, NATIONAL ASSOCIATION, LETTER OF CREDIT DEPARTMENT, WINSTON-SALEM, NC 27101 OR WACHOVIA BANK, NATIONAL ASSOCIATION, INTERNATIONAL DIVISION, 200 S . BISCAYNE 2 BOULEVARD, MIAMI, FLORIDA 33131 , IF DOCUMENTS ARE PRESENTED TO THE MIAMI ADDRESS THEY MUST ALSO BE FAXED BY THE BENEFICIARY TO 336-735-0952 THE SAME c DAY IN ORDER TO BE DEEMED A PRESENTATION. ,Q DATE OF EXPIRY: THIS CREDIT SHALL BE VALID UNTIL 02/01/09, AND SHALL THEREAFTER BE AUTOMATICALLY EXTENDED FOR SUCCESSIVE ONE-YEAR PERIODS ON THE ANNIVERSARY OF ITS ' ISSUE UNLESS AT LEAST SIXTY (60) DAYS PRIOR TO ANY SUCH ,2 ANNIVERSARY:'DATE, THE ISSUER NOTIFIES THE BENEFICIARY IN WRITING. TO STAFF (AT 2 ENGINEERING REVIEW SERVICES, 2800 N. HORSESHOE DR. , NAPLES, FL 34104) BY E REGISTERED MAIL OR OVERNIGHT COURIER THAT THE ISSUER ELECTS NOT TO SO EXTEND m THIS CREDIT. c APPLICANT: HOME DYNAMICS AMBERTON, LLC (HEREINAFTER "APPLICANT" ) 4788 W. m )MMERCIAL BLVD. , TAMARAC, FL 33319, ATTN: ALEJANDRO DELFINO. BENEFICIARY: THE BOARD OF COUNTY COMMISSIONERS, COLLIER COUNTY, FLORIDA (HEREINAFTER "BENEFICIARY" ) COLLIER COUNTY COURTHOUSE COMPLEX, NAPLES, FLORIDA 34112 . AMOUNT: $137, 493 . 13 (U. S . ) UP TO AN AGGREGATE THEREOF. CREDIT AVAILABLE WITH: ISSUER BY: PAYMENT AGAINST DOCUMENTS DETAILED HEREIN AND BENEFICIARY' S DRAFT AT SIGHT DRAWN ON THE ISSUER. m U DOCUMENTS REQUIRED: AVAILABLE BY BENEFICIARY' S DRAFT (S) AT SIGHT DRAWN ON THE ISSUER AND PRESENTED AT EITHER PLACE OF EXPIRY STATED ABOVE ACCOMPANIED BY BENEFICIARY`S' SIGNED STATEMENT PURPORTEDLY SIGNED BY THE COUNTY MANAGER, CERTIFYING THAT: . HOME DYNAMICS AMBERTON, LLC HAS FAILED TO CONSTRUCT AND/OR MAINTAIN THE PORTABLE WATER AND WASTEWATER. ADDITIONS, EXTENSIONS AND/OR IMPROVEMENTS AS SHOWN ON THOSE CERTAIN PLANS, FOR INDIAN LAKES DEVELOPMENT AKA o AMBERTON, OR PRIOR TO THE DATE OF EXPIRY THE APPLICANT FAILED TO COMPLETE THE 0 REQUIRED FINAL ACCEPTANCE PROCEDURES AS REQUIRED BY THAT CERTAIN COLLIER COUNTY UTILITIES STANDARDS AND PROCEDURES ORDINANCE, AND THE APPLICANT FAILED TO PROVIDE THE COUNTY WITH SATISFACTORY ALTERNATIVE PERFORMANCE SECURITY AS REQUIRED.`BY THAT CERTAIN ORDINANCE. CONTINUED ON NEXT PAGE WHICH FORMS AN INTEGRAL PART OF THIS LETTER OF CREDIT ti✓ �` ,), / Packet Pg. 677 16.A.27.d WACHOVIA IRREVOCABLE STANDBY LETTER OF CREDIT NO. SM224218W 02/01/07 PAGE NO. 2 DRAFT (S) PRAWN UNDER THIS LETTER OF CREDIT MUST BE MARKED: "DRAWN UNDER WACHOVIA .BANK, NATIONAL ASSOCATION CREDIT NO, SM224218W, DATED 02/01/07" . THE ORIGINAL LETTER OF CREDIT AND ALL AMENDMENTS, IF ANY, MUST BE PRESENTED F( PROPER ENDORSEMENT. ti THIS LETTEROF' CREDIT- SETS FORTH IN FULL THE TERMS OF THE ISSUER' S UNDERTAKIno ANS. SUCH UNDERTAKING SHALL NOT IN ANY WAY BE MODIFIED, AMENDED OR AMPLIFIED N BY REFERENCE TO ANY DOCUMENT, INSTRUMENT OR AGREEMENT REFERENCED TO HEREIN OR IN WHICH THIS LETTER OF CREDIT RELATES, AND ANY SUCH REFERENCE SHALL NOT BE DEEMED TO INCOPORATE HEREIN BY REFERENCE ANY DOCUMENT, INSTRUMENT OR AGREEMENT. ISSUER HEREBY ENGAGES WITH BENEFICIARY THAT DRAFT (S) DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS CREDIT WILL BE DULY HONORED BY ISSUER IF PRESENTED WITHIN THE VALIDITY OF THIS CREDIT. THIS CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (1993 REVISION) , INTERNATIONAL CHAMBER OF COMMERCE, PUBLICATION NO. 500 . o WAC: }O�VIABANK, NATIONAL ASSOCIATION t-411)(-04-4/1 - VICE-PRESIDENT AUTHORIZED SIGNATURE ;9- PLEASE PLEASE DIRECT ANY CORRESPONDENCE OR INQUIRY QUOTING OUR REFERENCE NUMBER TO: WACHOVIA BANK, ' NATIONAL ASSOCIATION '= 401 LINDEN STREET WINSTON-SALEM, .NC 27101 ATTN: STANDBY LETTER OF CREDIT UNIT ALL INQUIRIES REGARDING THIS CREDIT SHOULD BE DIRECTED TO STANDBY CUSTOMER CARE 1-800-776-3862 . /L U 4- 0 L a) Y a) J 4- 0 a Q U a) E U CC .a. Packet Pg. 678