Agenda 01/27/2015 Item #16A 3 1/27/2015 16.A.3.
EXECUTIVE SUMMARY
Recommendation to authorize the Clerk of Courts to release Performance Bond No.
SEIFSU0401543 in the amount of$1,000,000 which was posted as a guaranty for Excavation Permit
Number 60.109,(PL20120001267)for work associated with the Bent Creek Preserve.
OBJECTIVE: To release a security which was posted as a development guaranty.
CONSIDERATIONS: Engineering Services routinely accepts securities administratively as
guaranties for developer commitments in accordance with Section 22-115 of the Collier County
Code of Ordinances. The work associated with this security has been inspected and the
developer has fulfilled his commitments with respect to this security. The subject security was
provided for work associated with a planned residential project within Bent Creek PUD, Ord. 12-
76. The Performance Bond was posted as security for an Excavation Permit associated with
Bent Creek Preserve (PL20120001267). The As-Built lake cross sections have been received and
the lakes have been inspected by the Growth Management Division. The developer has paid all
required inspection fees for this permit.
FISCAL IMPACT: There is no Fiscal Impact associated with this Executive Summary.
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: That the Board of County Commissioners authorizes the Clerk of
Courts to release Performance Bond No. SEIFSU0401543 in the amount of$1,000,000.00.
Prepared by: John Houldsworth, Senior Site Plans Reviewer, Development Review, Growth
Management Division
Attachment: 1) Copy of Performance Bond
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COLLIER COUNTY
Board of County Commissioners
Item Number: 16.16.A.16.A.3.
Item Summary: Recommendation to authorize the Clerk of Courts to release Performance
Bond No. SEIFSU0401543 in the amount of$1,000,000 which was posted as a guaranty for
Excavation Permit Number 60.109, (PL20120001267) for work associated with the Bent Creek
Preserve.
Meeting Date: 1/27/2015
Prepared By
Name: HouldsworthJohn
Title: Site Plans Reviewer, Senior,Natural Resources
12/31/2014 10:59:14 AM
Approved By
Name: McLeanMatthew
Title: Project Manager, Principal, Operations and Regulatory Management
Date: 12/31/2014 12:15:59 PM
Name: PuigJudy
Title: Operations Analyst, Community Development&Environmental Services
Date: 1/2/2015 4:57:51 PM
Name: MarcellaJeanne
Title:Executive Secretary, Transportation Planning
Date: 1/14/2015 9:49:24 AM
Name: StoneScott
Title:Assistant County Attorney, CAO Land Use/Transportation
Date: 1/20/2015 9:58:55 AM
Name: IsacksonMark
Title: Director-Corp Financial and Mngmt Svs, Office of Management&Budget
Date: 1/20/2015 10:26:06 AM
Name: KlatzkowJeff
Title: County Attorney,
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Date: 1/20/2015 3:08:49 PM
Name: DurhamTim
Title:Executive Manager of Corp Business Ops,
Date: 1/20/2015 3:21:01 PM
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PERFORMANCE BOND Bond Na.SEI FSU 1401543
(E►CCA.V A1i ON)
KNOW ALL PERSONS 13Y THESE PRESENTS:that BENT CREEK PRESERVE, LLG
825 Coral Ridge Drive,Coral Springs,Florida 3:30711 ('95 4)3441-8040(hereinafter referred to as"Owner")
And
International Fidelity insurance Company,One Newark Center„20th Floor,Newark,NJ O7102
(NAME CF SiJRIE1Y)
(ADORESSYTELEP1riONE NUMBER CF SURETY)
1-800-333-4167
(hereinafter referred to as'Surely) are he and furnly bound unto Collier County, Florida, (hereinafter
referred to as"County")in the total aggregate sum of One Million and 001100 dollars(81,000,000.00) in
lawhii money of the United States, for the payment of which sum well and truly to be made, we bind
oursehiees, our heirs, executors, administrators, successors arid 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 such that whereas, the Owner has submitted for approval
by the Board a certain subdivision plat nasmeedand that certain subdivision shall include specific
imprrMrnenb3 which are required by Collier County Ordinances arid Resolutions (hereinafter "Land
Develops e t Regulations"). This obligation of the Surety shall commence on the date this Bond is
executed arra shall continue until the date of final acceptance by the Board of County Commissioners of
the specific improvements described in the Land Development Regulations (hereinafter the "Guaranty
Period,.
NOW,7i1i=1EREFORE,if tiie 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 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 (;hang% extension of three, alteration, addition or deletion to the proposed specific;improvements
shall in any way affect its obligation on this Bond, and It does hereby weer notice of any such change,
extension of tame,aitenation,addition or deletion to the proposed specific improve meets.
PROVIDED, FURTHER, that it is expressly agreed that the Bond shall be deemed amended
automatically and.immediately, without foetal and separate amendments hereto, so as to bind the Owner
and the Surety to the full and faithful performance in aaacordencxe with the Land Development
Regulations.The term "Amendment" wherever used in treis Bond, and whether referring to this Bond, or
other dooement,,shall include any alteration,addition or modification of any chase+ :er whatsoever.
iN WITNESS WHEREOF,the parties hereto have caused this PERFORMANCE BOND to be executed this
-----3R day of Janac:erl+ 2012 ----.
WITNESSES: --� Ese nt creek.Pre �� kCE
_ _
- - - - --
i
Pri t tit Name; Nee"ele Le5re _--- _ ftc)at:rt Stsere Vice PresicientM�
____ _ Provide Proper Evidence of AuthoritL+)
Printed Naeraet!f:5 PG. I?6_ S __— --------------------
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,A CKNOWLJEDG E M E I rr
STATE OF FLORIDA
COUNTY'OF E3R',OWARD
THE''FOREGOING PERFORMANCE BOND WAS ACKNOWLEDGED BEFORE ME THIS.;3'41"DAY OF
Lk[rl ,;2033, EOPROETtflilEt^iaz AS VICE PRESIDENT OF SENT CREEK
PRESERVE,ILLC:,WHO i •PERSIONALLY KNOVV�?f+ 1 oj31E„OR HAS PRODUCED AS IDENTIFICATION.
Notary Public-State of trrit a ..
(SEAL)
I_DIANE.JO RD,r
'` -_j
'••;� •, I=4�idNidNkiNkauxn
International Fidelity Insurance Company
WTnVESS�ES s`p�e�a`ttacfiE'(�pa!AE r atta�ney
- - c uretL i '2—
Printed'Name _..,.. ._�_�_r..r_ ------E3�t----- - =r- ---- _ _
___�..�_________ . Printed Nahne/Titie Brett Rasenhaus,Attorney in fact
Trcvide tr2per Evidence a of,4uthoritYZ
Printed Name_
ACKNOJJLEDGMEArr
STATE OF Florida
COUNTY OF Palm Beach _�_
THE FOREGOING PERFORMANCE BOND WAS AC:KND\MJEDGED, EEFOREE ME THIS
331 DAY op January ,20:3 ,BY Brett Rosenhaus • AS Attorney In fact
OF international Fidelity WHO IS PERSONALLY i(NDWN TO ME,OR HAS PRODUCED AS
IDEilTIFICATIO suranee Company
Notary Public-State of_Hoak_ _
(SEEA1t)
P
deb ante
Jaqui'!s Favors a , JAQUIS�►YAH*FAVORS
MY COMMON MEatra144
*•• UPIRSI Minh"I4,2010
•
•.pp-rovecl as to form&legal sufficiency
_._a"4aSt<1ht C;ourW Attorney
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:$ NEWARK,NEW aTE.RSEtY D71i)2-52c1;+•If;NO'V�ALL MEN FlY THESE I SEN7'"fs That IliTHIL• ''1ONA[FIDELITY IPib'iJRAIle2 COMPANY, a corporation organized and existing
F- laws of the SU L:of Neer•Jersey,amid hab ing hE prneipal office in'th a City. o1''ewer);,New Jersey.,dives he:reloy con enure and appoint
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o Tram�gyppo�rtsficii S•tatea�f F lori a.'ttrd the eite'ntror•+afsuch instnrment(s)in purttrencr,of t)tese resents,shall be as binding upon the said INTERNATIONAL
o(Tra , Srediti1JRANCE C:OMPAM' cu fully end amply;to-all intcrosapd lnrrpasea;al t ii the same had been duly exec tecl_and acknowledged by its regularly
elected offlc nr8 at IC;•prfne pal olffice;
This Power cif Atto ' u ea2etitad alxl relay be revok.d }ursuarit ao and 1 y at tlxirity of Aiticie:.3-Section 3,of the:By I av+r',ado fed by the Board of
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(l),To aopnimt Attorneys iii-fact,,:iend to authorize then to:exeCntl! ors.., ,, of the-Comparty,artd,utnch'the Sea of the Company thereto,bonds and
;_undertakings,o0ntracts of initemn'.ity,and cider ivritinlp.obligtttrny'in;tne natur thc'aoi end,
(2)To rename at anytime any su:h au+brney rm tact•and i-e oke the ruthadty Igive�••I urther this Poser ofPatemaey k.,aigneclaixi se.edtxl b t.itiairaite pursaiasri ito resolution of tie:Bond of Directors of said Company adopted at a meeting
dulycalles arid held cm•the?31dt day of April.3952 of wlrklt the fotlaaisog It.t mue titc:rpt•Tiow'therefote the signatitre,of such officers and this seal of the Company miay be afh.xed to any such power of Iutnrnev or any certificate relating then to by
facsimile,alai an.,'exIt-powe of:supine.),orcertilkate:bearing such lacsitnll:e argru.tutea or Fu:simile seal shall be valid rind bind mg upon the Company ani any
arch:power so t.to,c 'aced and certified by facsimile ni131tatures and lacis)tnule ties shill be vellid and binding upon the Company fn tie future with respect ui any
bond-or undervtlrig•ui which it is enacted.
. .T'r :IN'I'Ecrl'IMON'Y W13EREif)F,'IN'rEg.NATIOMAI.FIDE7I T Y INSURANCE COMPANY has caused this instrument to be
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���'I),..p_ aigntxl alter its corTxirate seal m br alfaed by in:authortuxl,officer,this 31st day of Augyst,A-D 2003.
• �`t IN7 ERNATIf/NAL FiI)ELITY INSURANCE COMPANY
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l#8f� *,:h Secretory l'i On this 31st day of Augi s;20013,.•be tune mc: .cone the fixlivdual w�o executed thepreredin�''_nsmuntert to Re pe rs rally known and,being by me duly
av'otn,said die:he:la the dxxe�i ilcac!nbxl sal authwr zed nf:iccr of th 11'il,., ar IONAL,FIDELITY ENtiiJRANCE COh1PANc';that the seal afM:ed to
Is el itssmumemt is the Corporate Sea! of said.Cornpalty, halt the Halo Ccrporatt Seal rind his sigtiauma were duly affixed by order of the Board of Directors of
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"-." Iht'TES1 L%ONY'4i'IHERECiF,l have heretuiao act my hand atrium'my Official Seal,
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Pa air of Aatornty and'affidavit,arlci a espy of the Section of the Byd,aws of Laid Company as sal'.rc•rth :n saki Potter of Attc racy,with the ORIGINALS ON
IN THE i(Oiv:IF'CF'F•ICE OP.SA1S1 C`CHNP/.NY;and that the same are cor ra;t tears:tilts thereof,and of the whop;of the'said originals,and that the said Power
of Attorney:i,s rica been n;yoked and it.now,in'ftm 1bnt:e awn effect
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