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Agenda 11/12/2019 Item #16A 3 (Final Plat for Madison Estates)11/12/2019 EXECUTIVE SUMMARY Recommendation to approve a Resolution for final acceptance of the private roadway and drainage improvements for the final plat of Madison Estates, Application Number 99-16, and authorize the release of the maintenance security. OBJECTIVE: To have the Board of County Commissioners (Board) grant final acceptance of the infrastructure improvements associated with the subdivision, and release the maintenance security. CONSIDERATIONS: 1) On July 20, 2000, the Growth Management Department granted preliminary acceptance of the roadway and drainage improvements in Madison Estates. 2) The roadway and drainage improvements will be maintained by the Madison Estates Homeowners Association. 3) The required improvements have been constructed in accordance with the Land Development Code. The Growth Management Department has inspected the improvements and is recommending final acceptance of the improvements. 4) A resolution for final acceptance has been prepared 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 document is attached. FISCAL IMPACT: The roadway and drainage improvements will be maintained by the Madison Estates Homeowners Association. The existing security in the amount of $72,271.23 will be released upon Board approval. The original security in the amount of $165,230.53 has been reduced to the current amount based on the work performed and completed during construction. 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 RECOMMENDATION: To grant final acceptance of the roadway and drainage improvements in Madison Estates, Application Number 99-16, and authorize: 1. The Chairman to execute the attached resolution authorizing final acceptance of the improvements. 2. The Clerk of Courts to release the maintenance security. Prepared By: Lucia S. Martin, Technician, Development Review ATTACHMENT(S) 1. Location Map (PDF) 2. Bond Basis (PDF) 3. Resolution (PDF) 4. Plat Map (PDF) 16.A.3 Packet Pg. 424 11/12/2019 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.3 Doc ID: 10296 Item Summary: Recommendation to approve a Resolution for final acceptance of the private roadway and drainage improvements for the final plat of Madison Estates, Application Number 99 -16, and authorize the release of the maintenance security. Meeting Date: 11/12/2019 Prepared by: Title: Technician – Growth Management Development Review Name: Lucia Martin 09/24/2019 2:39 PM Submitted by: Title: Project Manager, Principal – Growth Management Department Name: Matthew McLean 09/24/2019 2:39 PM Approved By: Review: Growth Management Development Review Brett Rosenblum Additional Reviewer Completed 09/24/2019 3:49 PM Growth Management Development Review John Houldsworth Additional Reviewer Completed 09/25/2019 6:08 AM Growth Management Operations & Regulatory Management Rose Burke Additional Reviewer Completed 09/25/2019 5:07 PM Growth Management Development Review Chris Scott Additional Reviewer Completed 09/30/2019 12:57 PM Growth Management Department Judy Puig Level 1 Reviewer Completed 09/30/2019 1:42 PM Engineering & Natural Resources Jack McKenna Additional Reviewer Completed 09/30/2019 4:39 PM Growth Management Department Matthew McLean Additional Reviewer Completed 10/01/2019 8:39 AM Growth Management Department James C French Deputy Department Head Review Completed 10/03/2019 3:16 PM Growth Management Department Thaddeus Cohen Department Head Review Completed 10/04/2019 4:38 PM County Attorney's Office Sally Ashkar Level 2 Attorney Review Completed 10/21/2019 5:28 PM Office of Management and Budget Laura Wells Level 3 OMB Gatekeeper Review Completed 10/22/2019 3:20 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 10/23/2019 11:29 AM Office of Management and Budget Laura Zautcke Additional Reviewer Completed 10/24/2019 9:47 AM County Manager's Office Geoffrey Willig Level 4 County Manager Review Completed 11/04/2019 8:33 AM Board of County Commissioners MaryJo Brock Meeting Pending 11/12/2019 9:00 AM 16.A.3 Packet Pg. 425 MADISON ESTATES LOCATION MAP 16.A.3.a Packet Pg. 426 Attachment: Location Map (10296 : Final Acceptance - Madison Estates) c c t sq, Estes ommunity 1914- ank of Naples,N.A. Irrevocable Letter of Credit No. 99040501 April 5. 1999 Collier County Board of Commissioners c/o Office of the County Attorney 3301 East Tamiami Trail Naples, FL. 34112 Gentlemen, We hereby open our Irrevocable Letter of Credit No. 99040501, in your favor, in the amount of One Hundred Sixty Five Thousand Two Hundred Thirty & 53/100. Dollars 165,230.53), available by your drafts, drawn on us, for the account of Madison Development Corporation 4100 Corporate Square Boulevard Suite 118 Naples, FL. 34104. Drafts Drawn hereunder must be marked"Drawn Under Community Bank of Naples,N.A. Irrevocable Letter of Credit No. 99040501" and must be accompanied by the following document(s). A statement,purportedly signed by the County Administrator, that Madison Development Corporation has failed to construct, and/or maintain, the improvements associated with that certain plat of a subdivision known as Madison Estates, or a final inspection, satisfactory to Collier County, has not been performed prior to the date of expiry, and satisfactory alternative performance security has not been provided to, and formally accepted by, the Beneficiary". This Letter of Credit sets forth, in full, all terms and conditions of the credit. We hereby engage with you that all drafts drawn under, and in compliance with the terms of this Letter of Credit will be duly honored by us when presented to our offices located at 5150 Tamiami Trail North Suite 100,Naples FL. 34103. continued) 941)649-1500 (941)649-1411 FAX 5150 Tamiami Trail N. • P.O.Box 413009 • Naples,Florida 34101-3009 www.communitybankofnaples.com 16.A.3.b Packet Pg. 427 Attachment: Bond Basis (10296 : Final Acceptance - Madison Estates) Page two: Community Bank of Naples,N.A. Irrevocable Letter of Credit No. 99040501 This Letter of Credit will be valid until April 5, 2000, and shall thereafter be automatically renewed for successive one year periods on the anniversary date of its issue, unless sixty (60) days prior to any such anniversary date, we notify you, in writing, by registered mail, that we elect not to renew this Letter of Credit. This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision) of the International Chamber of Commerce Publication#500 and all amendments thereto. Si •- I Api,5( Atte: Donald J. York Executive Vice President & Senior Lending Officer E. Ann Padron, Vice President 16.A.3.b Packet Pg. 428 Attachment: Bond Basis (10296 : Final Acceptance - Madison Estates) Corporate Inquiry Menu Page 1 of 1 Florida Division of Corporate Inquiry Menu: Corporations Please select an inquiry type from the list below, then enter a Public Access search key in the search field. Press SEARCH to begin the search. Inquiry by: 4/12/99 CORPORATE DETAIL RECORD SCREEN NUM: P98000024985 ST:FL ACTIVE/FL PROFIT FLD: 03/16/19Corporation/Trademark Name NAME MADISON DEVELOPMENT CORPORATION ADDRESS 4 PRINCIPAL: 5207 NAPLESDAVISFL BOULEVARDO• fficer/Registered Agent Name R• egistered Agent Name RA NAME : GORMAN, JAMES H C RA ADDR : 5207 DAVIS BOULEVARD Trademark Owner Name NAPLES, FL 34104 FEI Number ANN REP : * NONE FILED * Document Number Trademark Name Search String: HomePage Officers THIS IS NOT OFFICIAL RECORD; SEE DOCUMENTS IF QUESTIO Document Image http:/.../corpweb.exe?radCorSearch=CORICHR&Menu=COR&txtSearchString=P9800002498 4/12/99 16.A.3.b Packet Pg. 429 Attachment: Bond Basis (10296 : Final Acceptance - Madison Estates) Corporate Inquiry Menu Page 1 of 1 Florida Division of Corporate Inquiry Menu: Corporations Please select an inquiry type from the list below, then enter a Public Access search key in the search field. Press SEARCH to begin the search. Inquiry by: 4/12/99 OFFICER/DIRECTOR DETAIL SCREEN CORP NUMBER: P98000024985 CORP NAME: MADISON DEVELOPMENT CO Corporation/Trademark Name TITLE: D NAME: GORMAN, JAMES H C Officer/Registered Agent Name 717 GALLEON DRIVE NAPLES, FL 34102 Registered Agent Name C Trademark Owner Name C FEI Number C Document Number Trademark Name Search String: L Y.. . HomePage THIS IS NOT OFFICIAL RECORD; SEE DOCUMENTS IF QUESTIO Document Image corpweb.exe?radCorSearch=CORICHR3&Menu=COR&txtSearchString=3&CorichrData=P9 4/12/99 16.A.3.b Packet Pg. 430 Attachment: Bond Basis (10296 : Final Acceptance - Madison Estates) Ommunity Pank VED of Naples,N.A. FEB L 8 Amendment to Irrevocable Letter of Credit No. 99040501 February 24, 2000 Collier County Board of Commissioners c/o Office of the County Attorney 3301 East Tamiami Trail Naples, FL. 34112 Gentlemen, We hereby amend, per your letter dated February 18, 2000, our Irrevocable Letter of Credit No. 99040501, in your favor, to the reduced amount of Ninety Seven Thousand Two Hundred Seventy One & 23/100th. Dollars ($97,271.23), available by your drafts, drawn on us, for the account of Madison Development Corporation 4100 Corporate Square Boulevard, Suite 118 Naples, FL. 34104. Drafts Drawn hereunder must be marked"Drawn Under Community Bank of Naples, N.A. Irrevocable Letter of Credit No. 99040501" and must be accompanied by the following document(s). A statement, purportedly signed by the County Administrator, that Madison Development Corporation has failed to construct, and/or maintain, the improvements associated with that certain plat of a subdivision known as Madison Estates, or a final inspection, satisfactory to Collier County has not been performed prior to the date of expiry, and satisfactory alternative performance security has not been provided to, and formally accepted by, the Beneficiary". This Letter of Credit sets forth, in full, all terms and conditions of the credit. We hereby engage with you that all drafts drawn under, and in compliance with the terms of this Letter of Credit will be duly honored by us when presented to our offices located at 5150 Tamiami Trail North Suite 100,Naples FL. 34103. continued) 941)649-1500 (941)649-1411 FAX 5150 Tamiami Trail N. • P.O.Box 413009 • Naples,Florida 34101-3009 www.communitybankofnaples.com 16.A.3.b Packet Pg. 431 Attachment: Bond Basis (10296 : Final Acceptance - Madison Estates) Page two: Community Bank of Naples,N.A. Irrevocable Letter of Credit No. 99040501 This Letter of Credit will be valid until April 5, 2001, and shall thereafter be automatically renewed for successive one year periods on the anniversary date of its issue, unless sixty(60) days prior to any such anniversary date, we notify you, in writing, by registered mail, that we elect not to renew this Letter of Credit. This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision) of the International Chamber of Commerce Publication#500 and all amendments thereto. Sincere Attest: lanF. a 11 j1 y\sem / Vice President Vice Presi ent ` 16.A.3.b Packet Pg. 432 Attachment: Bond Basis (10296 : Final Acceptance - Madison Estates) N f COLLIER COUNTY GOVERNMENT COMMUNITY DEVELOPMENT AND ENVIRONMENTAL SERVICES DIVISION Planning Services Department February 18, 2000 2800 North Horseshoe Drive Naples,Florida 34104 Mr. Donald York, Executive Vice President Community Bank of Naples,N.A. 5150 Tamiami Trail North, P.O. Box 413009 Naples, FL. 34101-3009 RE: Your Letter of Credit No. 99040501 Madison Estates Subdivision Dear Mr. York: Please be advised that based on the work completed to date, the subject letter of credit may now be reduced by $67,959.30, leaving an available balance of$97,271.23. The available balance represents the required 10%maintenance security, as well as 100% for uncompleted improvements such as the lake, retaining wall, 2nd lift of asphalt, guardrail and plantings. An original amendment should be directed to this office reducing the value of the credit, "all other terms and conditions of original letter of credit to remain in full force and effect". If I can be of any further assistance to you in this regard, please let me know. Since ly, John R. Houldsworth Senior Engineer Cc: Blair Foley, P.E. , Coastal Engineering Phone (941)403-2400 Fax (941) 643-6968 www.co.collier.fl.us 16.A.3.b Packet Pg. 433 Attachment: Bond Basis (10296 : Final Acceptance - Madison Estates) Ommunity Ur _, i. jank4f z5 of Naples,N.A. 00 MAR 2 7 b. 1 jI s , Amendment to Irrevocable Letter of Credit No. 99040501 March 24, 2000 Collier County Board of Commissioners c/o Office of the County Attorney 3301 East Tamiami Trail Naples, FL. 34112 Gentlemen, We hereby amend, per your letter dated March 6, 2000, our Irrevocable Letter of Credit No. 99040501, in your favor, to the reduced amount of Seventy-two Thousand, Two hundred seventy-one and 23/100 dollars ($72,271.23), available by your drafts, drawn on us, for the account of Madison Development Corporation, 4100 Corporate Square Boulevard,Suite 118,Naples, FL. 34104. Drafts Drawn hereunder must be marked"Drawn Under Community Bank of Naples,N.A. Irrevocable Letter of Credit No. 99040501" and must be accompanied by the following document(s). A statement, purportedly signed by the County Administrator, that Madison Development Corporation has failed to construct, and/or maintain, the improvements associated with that certain plat of a subdivision known as Madison Estates,or a final inspection, satisfactory to Collier County has not been performed prior to the date of expiry and satisfactory alternative performance security has not been provided to, and formally accepted by, the Beneficiary". This Letter of Credit sets forth, in full, all terms and conditions of the credit. We hereby engage with you that all drafts drawn under, and in compliance with the terms of this Letter of Credit will be duly honored by us when presented to our offices located at 5150 Tamiami Trail North Suite 100, Naples FL. 34103. continued) 941)649-1500 (941)649-1411 FAX 5150 Tamiami Trail N. • P.O.Box 413009 • Naples,Florida 34101-3009 www.communitybankofnaples.com 16.A.3.b Packet Pg. 434 Attachment: Bond Basis (10296 : Final Acceptance - Madison Estates) a Page two: Community Bank of Naples, N.A. Irrevocable Letter of Credit No. 99040501 This Letter of Credit will be valid until April 5, 2000, and shall thereafter be automatically renewed for successive one year periods on the anniversary date of its issue, unless sixty(60) days prior to any such anniversary date, we notify you, in writing, by registered mail, that we elect not to renew this Letter of Credit. This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision) of the International Chamber of Commerce Publication#500 and all amendments thereto. Sincerely, V%y/ Attest: Mark A. Smith Vice President Deidra Teater C•/— Vice President 16.A.3.b Packet Pg. 435 Attachment: Bond Basis (10296 : Final Acceptance - Madison Estates) 16.A.3.c Packet Pg. 436 Attachment: Resolution (10296 : Final Acceptance - Madison Estates) 16.A.3.c Packet Pg. 437 Attachment: Resolution (10296 : Final Acceptance - Madison Estates) 16.A.3.d Packet Pg. 438 Attachment: Plat Map (10296 : Final Acceptance - Madison Estates) 16.A.3.d Packet Pg. 439 Attachment: Plat Map (10296 : Final Acceptance - Madison Estates)