Agenda 05/26/2015 Item #16A 6 EXECUTIVE SUMMARY
Recommendation to authorize the Clerk of Courts to release Performance Bond No.
SEIFSU0617784 in the amount of$101,200,which was posted as a guaranty for Excavation Permit
Number No.60.092,for work associated with Canopy.
OBJECTIVE: To release a security which was posted as a development guaranty.
CONSIDERATIONS: The Development Review Division routinely accepts securities
administratively as guaranties for excavation improvements 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 the
Canopy PUD. The Performance Bond was posted as security for an Excavation Permit
associated with Canopy (PL20120002575). The As-Built lake cross sections have been received
and the lakes have been inspected by Development Review.
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. SEIFSU0617784 in the amount of $101,200.00.
Development Review will issue a Memorandum to the Clerk of Courts upon approval of this
item by the Board of County Commissioners, advising the Clerk of this action.
Prepared by: John Houldsworth, Senior Site Plans Reviewer, Development Review, Growth
Management Department
Attachments: 1) Location Map 2) Copy of Performance Bond
..... 31
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.16.A.16.A.6.
Item Summary: Recommendation to authorize the Clerk of Courts to release Performance
Bond No. SEIFSU0617784 in the amount of$101,200.00,which was posted as a guaranty for
Excavation Permit Number No. 60.092, for work associated with Canopy.
Meeting Date: 5/26/2015
Prepared By
Name: HouldsworthJohn
Title: Site Plans Reviewer, Senior,Natural Resources
4/21/2015 10:24:41 AM
Approved By
Name: PuigJudy
Title:Operations Analyst,Community Development&Environmental Services
Date:4/21/2015 1:55:24 PM
Name: McLeanMatthew
Title:Project Manager,Principal,Development Review
Date:4/28/2015 9:30:10 AM
Name: StoneScott
Title:Assistant County Attorney,CAO Land Use/Transportation
Date: 5/4/2015 1:12:30 PM
Name: CasalanguidaNick
Title:Deputy County Manager,County Managers Office
Date: 5/5/2015 7:20:11 AM
Name: KlatzkowJeff
Title:County Attorney,
Date: 5/5/2015 8:31:58 AM
Name: IsacksonMark
Title: Division Director-Corp Fin&Mgmt Svc,Office of Management&Budget
Date: 5/5/2015 9:49:47 AM
s, •
Name: CasalanguidaNick
Title:Deputy County Manager,County Managers Office
Date: 5/5/2015 12:35:27 PM
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LOCATION MAP
CANOPY
P P L-P L20120002575
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PERFORMANCE BOND
BOND NO. sliwsu0et77
KNOW ALL PERSONS BY THESE PRESENTS:that
Neal COMMUnities of Southwest Florida,L (Name of Owner)
5800 Lakewood Ranch Blvd. (Address of Owner)
Sara_ sota FL 34240 (Address of Owner)
(Hereinafter referred to as"Owner")and
International Fidelity Insurance.Comc in (Name of Surety)
One Newark Center (Address of Surety)
Newark,NJ 07102
(Address of Surety)
973-6247200 (Telephone Number)
(hereinafter referred to as"Surety")are held sum of a1fd"�"1010OAitr01"ii0"MOF�"d�0� ���
referred to as "County"") in the total aggregate
($101.200.00 )in lawful money of the United States,for the payment of which sum well and truly
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
requires.
THE CONDITION OF THIS OBLIGATION is such that whereas,the Owner has submitted for approval
env that
the Board of a certain subdivision plat named c."°Y
certain subdivision shall include specific improvements which are required by Collier County Ordinances
and Resolutions (hereinafter "Land Development Regulations"). This obligation of the Surety shall
commence on the date this Bond is executed and 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 THEREFORE,if the 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 a� �eMt
no change,extension of time, alteration, addition or deletion to the proposed specific
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
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EXPERIENCE the POWER of PARTNERSHIP � •
lacz ,(t. z 16
! Bond No: SRIFSU06177M
Owner and the Surety to the full and faithful performance in accordance with the Land De WOMEN*mefl
Regulations. The term"Amendment",wherever used in this Bond,and whether referring to Bond,
or other documents shall include any alteration,addition modification�ofany �N whatsoever.
IN WITNESS WHEREOF, the parties hereto
executed this
4th day of June / 2013 J
__ • murnbes o ''T
WITNESSES: (Own- Name a d Title if •rporation) Florida,LLC
MAIM,'/itr de ..�� • , �.-..k al
Printed Name Printed Name/Title (.e 0
(Provide Proper Evidence of Authority)
Printed Name
•1124:6,51-4:
ACKNOWLEDGEMENT
STATE OF COUNTY O
THE FOREGOIv
PERFORMANCE BOND WAS ACKNO GED THIS D Y OF
__J _�_ / /P . 20 q , by �� N (NAME OF
ER AS (TITLE)OF OF ACKNOWL ER)
COMPANY)WHO IS PERSONALLY KNOW TO ME,OR HAS PRODUCED
AS IDENTIFICATION.
Notary Public—State of
(SEAL) ..ita ,
ra.aciftev ih--40.11-,r) - NNW 4 ION
Printed Name it Off•
HE IM tieanMeeM•a aim
rp(�1U,AG.HGr M "<.A.' WY Imp soe/tlgen
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EIPERIEN(E the POWER at PARTNERSHIP
SURETY:International Fidelity Insurance Company
Tloranya L.R ,Attoment ey:m gent-fact and
Fida Li Resid
I ,
Witness: �. , I 4.01
Witness: QMA/C--
P r i n t e d Name: .L 4 AI A, u 11 �, Qk,�'
Printed Napo: `�'�'VAL
STATE OF FLORIDA
COUNTY OF HILLSBOROUGH
THE FORGOING PREFORMANCE BOND WAS ACKNOWLEDGED BEFORE ME
THIS DAY OF JUNE 4.2013,by Tanya L.Russo(NAME OF ACKNOWLEDGER)AS
Attorney in-fact and Flori Licensed Resi ent Aamt(TITLE)of International Fidelity
I use Company(NAME OF COMPANY) ALLY KNOW TO
MF,OR HAD PRODUCED AS ID N,
Notary Public—State of Florida
rinsed Name
��►--' wMnt+ Nter
I+� _ reps
' wa�.w.rrr�,i ti,,,
OffltI N(E the POWER of PARTNERSHIP
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