Agenda 02/09/2021 Item #16A 5 (Resolution - Final Acceptance Naples Reserve Circle)02/09/2021
EXECUTIVE SUMMARY
Recommendation to approve a Resolution for final acceptance of the private roadway and drainage
improvements for the final plat of Naples Reserve Circle, Application Number PL20160000038, 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 authorize the release the maintenance
security.
CONSIDERATIONS:
1) On December 10, 2018, the Growth Management Department granted preliminary acceptance of
the roadway and drainage improvements in Naples Reserve Circle.
2) The roadway and drainage improvements will be maintained by Naples Reserve Homeowners
Association, Inc., Naples Reserve Community Development District, and SFI Naples Reserve,
LLC.
3) The required improvements have been constructed in accordance with the Land Development
Code. The Growth Management Department has inspected the improvements on December 29,
2020, 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.
FISCAL IMPACT: The roadway and drainage improvements will be maintained by Naples Reserve
Homeowners Association, Inc., Naples Reserve Community Development District, and SFI Naples
Reserve, LLC. The existing security in the amount of $317,064.93 will be released upon Board approval.
The original security in the amount of $2,768,124.98 has been reduced to the current amount based on the
work performed and completed pursuant to the terms of the Construction and Maintenance Agreement
dated January 31, 2018.
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. - DDP
RECOMMENDATION: To grant final acceptance of the roadway and drainage improvements in
Naples Reserve Circle, Application Number PL20160000038, 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, Associate Project Manager, Development Review
ATTACHMENT(S)
1. Location Map (PDF)
2. Bond Basis (PDF)
3. Resolution (PDF)
4. Plat Map (PDF)
16.A.5
Packet Pg. 433
02/09/2021
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.A.5
Doc ID: 14662
Item Summary: Recommendation to approve a Resolution for final acceptance of the private
roadway and drainage improvements for the final plat of Naples Reserve Circle, Application Number
PL20160000038, and authorize the release of the maintenance security.
Meeting Date: 02/09/2021
Prepared by:
Title: Technician – Growth Management Development Review
Name: Lucia Martin
01/05/2021 2:16 PM
Submitted by:
Title: Director – Growth Management Department
Name: Matthew McLean
01/05/2021 2:16 PM
Approved By:
Review:
Growth Management Development Review Brett Rosenblum Additional Reviewer Completed 01/06/2021 10:52 AM
Growth Management Department Lissett DeLaRosa Level 1 Reviewer Completed 01/07/2021 11:53 AM
Growth Management Operations & Regulatory Management Rose Burke Additional Reviewer Completed 01/07/2021 6:26 PM
Engineering & Natural Resources Jack McKenna Additional Reviewer Completed 01/11/2021 10:51 AM
Growth Management Department Matthew McLean Additional Reviewer Completed 01/12/2021 4:56 PM
County Attorney's Office Derek D. Perry Level 2 Attorney Review Completed 01/13/2021 9:04 AM
Growth Management Department Thaddeus Cohen Department Head Review Completed 01/15/2021 9:38 AM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 01/15/2021 9:43 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 01/15/2021 11:41 AM
Office of Management and Budget Laura Zautcke Additional Reviewer Completed 01/25/2021 3:32 PM
County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 01/27/2021 6:58 PM
Board of County Commissioners MaryJo Brock Meeting Pending 02/09/2021 9:00 AM
16.A.5
Packet Pg. 434
NAPLES RESERVE CIRCLE
LOCATION MAP
16.A.5.a
Packet Pg. 435 Attachment: Location Map (14662 : Final Acceptance - Naples Reserve Circle)
CONSTRUCTION AND MAINTENANCE AGREEMENT FOR SUBDIVISION
IMPROVEMENTS
THIS CONSTRUCTION AND MAINTENANCE AGREEMENT FOR SUBDIVISION IMPROVEMENTS
entered into this 1 j day of S�l'I. V 'ir � _ _,__:-_-_-_-_-_-_-_:-_, 20 1 8 between
sFIN,., .. ""·"'•LLC hereinafter referred to as "Developer," and he Board of County Commissioners of Collier
County, Florida, hereinafter referred to as the "Board.
RECITALS:
A.Developer has, simultaneously with the delivery of this Agreement, applied for the approval by the
Board of certain plat of a subdivision to be known as : Naples Reserve Circle
B.Chapter 4 and 10 of the Collier County Land Development Code required the Developer to post
appropriate guarantees for the construction of the improvements required by said subdivision
regulations, said guarantees to be incorporated in a bonded agreement for the construction of the
required improvements.
NOW, THEREFORE, in consideration of the foregoing premises and mutual covenants hereinafter set
forth, Developer and the Board do hereby covenant and agree as follows:
1.Developer will cause to be constructed: required subdivision improvements per attached OPC
within 36 months from the date of approval said subdivision plat, said improvements
hereinafter referred to as the required improvements.
2.Developer herewith tenders its subdivision performance security (attached hereto as Exhibit "A" and
by reference made a part hereof) in the amount of$ 2,?ss .124.98 -which amount represents 10% of
the total contract cost to complete the construction plus 100% of the estimated cost of to complete
the required improvements at the date of this Agreement.
3.In the event of default by the Developer or failure of the Developer to complete such improvements
within the time required by the Land Development Code, Collier may call upon the subdivision
performance security to insure satisfactory completion of the required improvements.
4.The required improvements shall not be considered complete until a statement of substantial
completion by Developer's engineer along with the final project records have been furnished to be
reviewed and approved by the County Manager or his designee for compliance with the Collier
County Land Development Code.
5.The County Manager or his designee shall, within sixty (60) days of receipt of the statement of
substantial completion, either: a) notify the Developer in writing of his preliminary approval of the
improvements; or b) notify the Developer in writing of his refusal to approve improvements,
therewith specifying those conditions which the Developer must fulfill in order to obtain the County
Manager's approval of the improvements. However, in no event shall the County Manager or his
designee refuse preliminary approval of the improvements if they are in fact constructed and
submitted for approval in accordance with the requirements of this Agreement.
6.The Developer shall maintain all required improvements for a minimum period of one year after
preliminary approval by the County Manager or his designee. After the one year maintenance period
by the Developer has terminated, the Developer shall petition the County Manager or his designee to
inspect the required improvements. The County Manager or his designee shall inspect the
improvements and, if found to be still in compliance with the Land Development Code as reflected by
final approval by the Board, the Board shall release the remaining 10% of the subdivision
performance security. The Developer's responsibility for maintenance of the required improvements
shall continue unless or until the Board accepts maintenance responsibility for and by the County.
16.A.5.b
Packet Pg. 436 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
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 his designee to reduce the dollar amount of the
subdivision performance security on the basis of work complete, Each request for a reduction in the
dollar amount of the subdivision performance security shall be accompanied by a statement of
substantial completion by the Developer's engineer together with the project records necessary for
review by the County Manager or his designee. The County Manager or his designee may grant the
request for a reduction in the amount of the subdivision performance security for the improvements
completed as of the date of the request.
8.In the event the Developer shall fail or neglect to fulfill its obligations under this Agreement, upon
certification of such failure, the County Manager or his designee may call upon the subdivision
performance security to secure satisfactory completion, repair and maintenance of the required
improvements. The Board shall have the right to construct and maintain, or cause to be constructed
or maintained, pursuant to public advertisement and receipt and acceptance of bids, the
improvements required herein. The Developer, as principal under the subdivision performance
security, shall be liable to pay and to indemnify the Board, upon completion of such construction, the
final total cost to the Board thereof, including, but not limited to, engineering, legal and contingent
costs, together with any damages, either direct or consequential, which the Board may sustain on
account of the failure of the Developer to fulfill all of the provisions of this Agreement.
9.All of the terms, covenants and conditions herein contained are and shall be binding upon the
Developer and the respective successors and assigns of the Developer.
IN WITNESS WHEREOF, the Board and the Developer ha:caused this Agreement to be executed by
their duly authorized representatives this �\ day of ,-..{ / ____ ./ -. 20_1a __ .
SIGNED IN THE PRESENCE OF:
Printed Name ('\. c)� � -./
DWIGHT E. BROCK, CLERK
By: __________ _ Deputy Clerk
Approved as to form and legality:
Assistant County Attorney
Printed Name/Title v· p .
(President, VP, or CEO) ice resident -Land
(Provide Proper Evidence of Authority)
BOARD OF COUNTY COMMISSIONERS
OF COLLIER COUNTY, FLORIDA
16.A.5.b
Packet Pg. 437 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
PERFORMANCE BOND
BOND NO. CMS0292581
KNOW ALL PERSONS BY THESE PRESENTS: that
SFI Naples Reserve, LLC
3232 W. Lake Mary Blvd., Suite 1410
Lake Mary, Fl. 32746
(hereinafter referred to as "Owner") and
RLI Insurance Company
9025 N. Lindbergh Dr.
Peoria, IL 61615
Phone #: (800) 6452402
(hereinafter referred to as "Surety") are held and firmly bound unto Collier County,
Florida, (hereinafter referred to as "County") in the total aggregate sum of two million,
seven hundred sixety eight thousand, one hundred twenty four and 98/100 Dollars
($2,768,124.98) 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 by the Board a certain subdivision plat named NAPLES
RESERVE CIRCLE and that 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
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.
16.A.5.b
Packet Pg. 438 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
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 Owner and the Surety to the full and faithful performance in
accordance with the Land Development Regulations. The term "Amendment,"
wherever used in this Bond, and whether referring to this Bond, or other documents
shall include any alteration, addition or modification of any character whatsoever.
IN WITNESS WHEREOF, the parties hereto have caused this PERFORMANCE
BOND to be executed this 26th day of January 2018.
WITNESSES:
Witness 1:
Printed Name: 11. qlu,c, Q /\l"\("I" ftt�C'#1£11
Witness 2:
Printed Name: �;L io {(_ot3111.:)
By:
(Provide Proper Evidence of Authority)
ACKNOWLEDGEMENT
STATE OF f}Orf clQ
couNTY oF Lee
THE FOREGOING PERFORMANC�OND WAS ACKNOWLEDGED BEFORE ME
THIS DAY OF � /_�JJ ___ / ) 8 , 2018, BY Donald E.
Mears Jr. AS Vice President -Land OF SFI Naples Reserve, LLC WHO IS
PERSONALLY KNOWN TO ME, OR H.'\S PRODUCE[)>{" V' AS
IDENTIFICATION.-
Notary Public - State of flor ;ck\..
(SEAL)
CculJ ;,1 t Id:' ,-ePrinted N me
16.A.5.b
Packet Pg. 439 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
RLI Insurance Company
By:
C.Scott Hull, Attorney-In-Fact-FL License E159306
ACKNOWLEDGEMENT
STATE OF Alabama
COUNTY OF Jefferson
THE FOREGOING PERFORMANCE BOND WAS ACKNOWLEDGED BEFORE ME
THIS 26th DAY OF January, 2018, BY C. Scott Hull AS Attorney-In-Fact OF RU
Insurance Company WHO IS PERSONALLY KNOWN TO ME, OR HAS PRODUCED
AS IDENTIFICATION. -----
Notary Public -State of Alabama
(SEAL)
16.A.5.b
Packet Pg. 440 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
'RLI ® RLI Surety
9025 N. Lindbergh Dr. I Peoria, IL 61615
Phone: (800)645-2402 I Fax: (309)689-2036
www .rlicorp.com
Know All Men by These Presents:
POWER OF ATTORNEY
RLI Insurance Company
That this Power of Attorney is not valid or in effect unless attached to the bond which it authorizes executed, but may be detached by the
approving officer if desired.
That RLI Insurance Company, an Illinois corporation, does hereby make, constitute and appoint:
Benjamin B. Thompson. Susan S. Gardner. Debbie Higginbotham. Ann Hamby. C. Scott Hull and Timothy J. Cannon. jointly or
severall
in the City of Birmingham , State of Alabama its true and lawful Agent and Attorney in Fact, with full
power and authority hereby conferred, to sign, execute, acknowledge and deliver for and on its behalf as Surety, the following described
bond.
Any and all bonds provided the bond penalty does not exceed Twenty Five Million Dollars ($25,000,000.00).
The acknowledgment and execution of such bond by the said Attorney in Fact shall be as binding upon this Company as if such bond had been
executed and acknowledged by the regularly elected officers of this Company.
The RLI Insurance Company further certifies that the following is a true and exact copy of the Resolution adopted by the Board of Directors
ofRLI Insurance Company, and now in force to-wit:
"All bonds, policies, undertakings, Powers of Attorney or other obligations of the corporation shall be executed in the corporate name of
the Company by the President, Secretary, any Assistant Secretary, Treasurer, or any Vice President, or by such other officers as the Board
of Directors may authorize. The President, any Vice President, Secretary, any Assistant Secretary, or the Treasurer may appoint
Attorneys in Fact or Agents who shall have authority to issue bonds, policies or undertakings in the name of the Company. The corporate
seal is not necessary for the validity of any bonds, policies, undertakings, Powers of Attorney or other obligations of the corporation. The
signature of any such officer and the corporate seal may be printed by facsimile."
IN WITNESS WHEREOF, the RLI Insurance Company has caused these presents to be executed by its __ V.,__1=·c=e .... P._...r=es=id=e=n=t-with its
corporate seal affixed this 30th day of June , 2016
State of Illinois
County of Peoria } ss
\\u1u11u,,, RLI I C ,,,,,'�CE//'',,, nsurance ompany
�t,;�� •••••••• o�,"" , $�.-·· ·-.�""-;.
,{
�--· -��
� � I� f c.o"���1'� \ 4� It/ ..-......... -i �-s E AL J J By:--Barton W. Davis � ••• •••• $ � .. .. � ,,,,·•···•·e..'!>o'' 1111,, l.1, I N O '":,,,,, ,,,,,,,., ... ,,,,,
CERTIFICATE
Vice President
On this 30th day of June , 2016 , before me, a Notary Public, personally appeared Barton W Dayjs , who being by me duly sworn, acknowledged that he signed the above Power of Attorney as the aforesaid officer of the RLI Insurance Company and acknowledged said instrument to be the voluntary act and deed of said corporation.
I, the undersigned officer of RLI Insurance Company, a stock corporation of the State of Illinois, do hereby certify that the attached Power of Attorney is in full force and effecr .anci is irrevocable; and furthermore, that the Resolution of tb�--Compaily as �et forth in the Power of Attorney, is now in force': In te ti01<;�y wh�reof, I have hereunto set my hand and the seal ef:the-.�.IA Jnsl_!ranre £ompany
NOTARY "OFFICIA L SEAL"i ;;.�:i�F JACQUELINE M. BOCKLER� COMMISSION EXPIRES 01/14/18
0/34488020212
this 26th day of January , 2018 . -::-,,.... .
RLI Insurance Company '"".,.. �---�-·. -""--·
By:�,{ Jt/.7) ,-· ,
Barton W. Davis Vice President
A0058514
16.A.5.b
Packet Pg. 441 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
C-ovtttty
Gro,vth Management Department
Developrnent Revianr Division
December 20, 2018
Mr. Josh Sanford, Attomey-in-Fact
RLI Insurance Company
9025 N. Lindberg Dr.
Peoria, IL.61615
RE: Performance Bond No. CMS0292581 / SFI Naples Reserve LLC
Naples Reserve Circle - PL20160000038
Dear Mr. Sanford:
Please be advised that based on the work completed to date, the subj ect Performance
Bond may now be reduced by $2,387,060.05, leaving an available balance of
$381,064.93. The remaining value represents the required 10olo maintenance gu anty,
plus 100% of the value of the work remaining.
An original Bond fuder should be directed to this office reducing the value of the
security, ..all other terms and conditions of original Performance Bond to remain in full
force and effect".
If I can be ofany further assistance to you in this regard, please let me know.
Sincerely,
10HN HOULDSU|oRTH
John R. Houldsworth
Senior Site Plans Reviewer
'with authority in these matters'
Cc: Jack McKenna, P.E., County Engineer
Project File
De/eloFnert Revi:w Dni$n' 2Bm Nofi Hcrsedle Dire ' ih*s, Faira 3fi04'23g252-2& 'uw colergor'nd
16.A.5.b
Packet Pg. 442 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
Decrease PENALTY RIDER
BO D AMOUNT $2,768,124.98 BOND NO. CMS029258 l
To be attached and form a part of Bond No. CMS0292581 dated the 26th day of January, 2018,
executed by RLI Insurance Company as surety, on behalf of SFI Naples Reserve LLC as current
principal of record, and in favor of Collier County. Florida, as Obligee, and in the amount of Two
Million Seven Hundred Sixty Eight Thousand One Hundred Twenty Four Dollars and 98/100
($2,768,124.98).
In consideration of the agreed premium charged for this bond, it is understood and agreed that
RLI Insurance Company hereby consents that effective from the 26th day of December, 2018, said
bond shall be amended as follows:
THE BO D PE AL TY SHALL BE Decreased:
FROM: Two Million Seven Hundred Sixty Eight Thousand One Hundred Twenty Four Dollars
and 98/100 ($2,768,124.98)
TO: Three Hundred Eighty One Thousand Sixty Four Dollars and 93/100 ($381,064.93)
The Decrease of said bond penalty shall be effective as of the 26th day of December, 2018, 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 26th day of Decembe
SFI Naples Reserve LLC PRI CIPAL
RLI Insurance Company SURF:TY
THE ABOVE BO DIS HEREBY AGREED TO ANO .\("CEPT£P BY:
Collier County, Florida OBLIGEE
BY: __________________1Trit::;::T.---;,:LE
16.A.5.b
Packet Pg. 443 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
POWER OF ATTORNEY
RLI Insurance Company Contractors Bonding and Insurance Company
9025 N. Lindbergh Dr. Peoria, TL 61615 Phone: 800-645-2402
Know All Men by These Presents:
That this Power of Attorney is not valid or in effect unless attached to the bond which it authorizes executed, but may be detached by the
approving officer if desired.
That RLI Insurance Company and/or Contractors Bonding and Insurance Company, each an lllinois corporation, (separately and
together, the "Company") do hereby make, constitute and appoint:
Donna M Planeta. Joshua Sanford. Aimee R Perondine. Aiza Lopez. Brian Peters. Danielle D Johnson. Stephani A Trudeau. Michelle
Anne McMahon. jointly or severally
in the City of Hartford State of Connecticut its true and lawful Agent(s) and Attorney(s) in Fact, with
full power and authority hereby conferred, to sign, execute, acknowledge and deliver for and on its behalf as Surety, in general, any and all
bonds and undertakings in an amount not to exceed Twenty Five Million Dollars
( $25,000,000.00 ) for any single obligation.
The acknowledgment and execution of such bond by the said Attorney in Fact shall be as binding upon the Company as if such bond had been
executed and acknowledged by the regularly elected officers of the Company.
RLI Insurance Company and/or Contractors Bonding and Insurance Company, as applicable, have each further certified that the
following is a true and exact copy of a Resolution adopted by the Board of Directors of each such corporation, and is now in force, to-wit:
"All bonds, policies, undertakings, Powers of Attorney or other obligations of the corporation shall be executed in the corporate name of
the Company by the President, Secretary, any Assistant Secretary, Treasurer, or any Vice President, or by such other officers as the Board
of Directors may authorize. The President, any Vice President, Secretary, any Assistant Secretary, or the Treasurer may appoint
Attorneys in Fact or Agents who shall have authority to issue bonds, policies or undertakings in the name of the Company. The corporate
seal is not necessary for the validity of any bonds, policies, undertakings, Powers of Attorney or other obligations of the corporation. The
signature of any such officer and the corporate seal may be printed by facsimile."
IN WTTNESS WHEREOF, the RLI Insurance Company and/or Contractors Bonding and Insurance Company, as applicable, have
caused these presents to be executed by its respective Vice President with its corporate seal affixed this 6th day of
February 2018 .
State oflllinois
County of Peoria } ss
On this _fillL. day of February • 20)8 , before me, a Notary Public, personally appeared Barton W Davjs , who being by me duly sworn, acknowledged that he signed the above Power of Attorney as the aforesaid officer of the RLI Insurance Company and/or Contractors Bonding and Insurance Company and acknowledged said instrument to be the voluntary act and deed of said corporation. .
By: \Jfi�i� Gretchen L. Johnigk
GRETCHEN L JOHN I GK
"OFFICIAL SEAL"
My CommiAlc>n Exp;lOO
May 26, 2020
Notary Public
RLJ Insurance Company Contractors Bonding and Insurance Company
By: �� Jv.?5= Barton W. Davis Vice President
CERTIFICATE
I, the undersigned officer of RLI Insurance Company and/or Contractors Bonding and Insurance Company, do hereby certify that the attached Power of Attorney is in full force and effect and 1s irrevocable· and furthermore, that the Resolution of the Company as set forth i� the Power of Attorney, is now in force. In testimony whereof I have hereunto set my h,md and the seal of the RLIlnsuran°ce Company and/or Contractors Bonding and Insurance Company this� day of Dec�,e1h,Dr , '20(8 •
RLI Insurance Company Contractors Bonding and Insurance Company
Corporate Secretary
06SVCCTR0101 / 1 A0058817
16.A.5.b
Packet Pg. 444 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
.Rtr*
Gro\ /h Management Deparfnent
Development Review Division
February 19,2020
Mr. Josh Sanford, Attomey-in-Fact
RLI Insurance Company
9025 N. Lindberg Dr.
Peoria. IL. 61 6l 5
RE: Performance Bond No. CMS0292581 / SFI Naples Reserve LLC
Naples Reserve Circle - PL20160000038
Dear Mr. Sanlord:
Please be advised that based on ll.re work completed to date. the subject Performance
Bond may now be reduced by $64,000.00. leaving an available balance ol$317,064.93.
The remaining value represents the required 100% maintenance guaranty of$251,647.73,
plus $65,417.20 as 100% ofthe value olthe rvork remaining.
An original Bond Rider should be directed to this office reducing the value of the
security. "all other terms and conditions of original Perlbrmance Bond to remain in full
lbrce and effect".
If I can be of any further assistance to you in this regard. please let me know.
Sincerely.
10HN H0ULDSU/oRfH
John R. Houldsworth
Senior Site Plans Reviewer
'with authoritv in these matters'
Cc: Jack McKenna, P.E., County Engineer
Project File
De,EhprHtRsirrrDiviin.2&0i'bfit-blse$l@Dril€.lbdes,Fffi34104.A$2S2-24m.vi,rrrrr.cdscotnM.go/
16.A.5.b
Packet Pg. 445 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
RLI� RLI Insurance Company
P.O. Box 3967 Peona IL 61612-3967
Phone· 309-692-1000 Fax· 309-692-8637
TO BE ATTACHED TO AND FORM PART OF POLICY NO. ---=C-'-'M-"=S=0=2 9=2=-=5-=-8-'-1 _
It is hereby mutually agreed and understood by the Principal,
SFI Naples Reserve LLC
and RLI Insurance Company t h at the
Bond Amount
(Identify item(s) to be changed)
on this policy has/have been c h anged to the following:
$31 7,064.93
RIDER
Nothing contained herein shall vary, alter, waive or extend any of t h e terms, limits, or conditions of the policy, except as
set fort h above.
This Rider becomes effective on -----�0�2-L�l9�L -2�0_20 ______ , at twelve and one minute o'clock a.m.,
Standard Time.
Signed t h is ---=2-'--7t""'h '---_ day of _--'-A=u""g=us=t'---' 2 0 2 0 .
/ Attorney 1n Fact
Page 1 of 1
M0055D04
16.A.5.b
Packet Pg. 446 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
POWER OF ATTORNEY
RLI Insurance Company Contractors Bonding and Insurance Company
9025 N. Lindbergh Dr. Peoria, IL 61615 Phon.:: 800-645-2402
Know All ,Wen by These Presents:
That this Po\\Cr of Atlorncy is 1101 valid or in effect unless attached 10 the bond which it authorizes cxecuh.:d. but may be detached by the
approving officer if desired.
That RU Insurance Company and/or Contractors Bonding and Insurance Company. each an Illinois corporation. (separately and
together, the "Company") do hereby make. constitute and appoint:
Donna M Planeta, Joshua Sanford, Aimee R Perondine, Aiza Lopez. Danielle D Johnson, Mic:hellc Anne McMahon, Mercedes
Phothirath, Samuel Begun, Bethany Stcve;;nson, Rebecca M. Ste\enson, Bryan M. Cancschi. Tanva Nguven. jointlv or severally
in th.: City of Hartford . Stal.: of Connecticut its true and lawful Age111(s) and Allorney(s) in Fae!. with
full power and authority her.:by conferred. 10 sign. ex.:cute. acknowledge and deliver for and on its behalf' as Surety. in general. any and all
bonds and undertakings 111 an amount 1101 to exceed Twcntv Five �illion Dollars
( $25,000,000.00 ) for any single obligation.
The acknowledgment and execution of such bond by the said Anorncy in Fact shall be as binding upon the Company as if such bond had been
executed and acknowledged by th..: regularly elected otliccrs of the Company.
RU Insurance Company and/or Contractors Bonding and Insurance Company. as applicable. have each further certified that the
following is a true and .:xact copy of a R.:solution adopted by the Board of Directors of cach such corporation. and is now in force. 10-wit:
"All bonds, policies. undertakings. Powers of Attorney or other obligations of the corporation shall be execut.:d in the corporate name of
the Company by the President. Secretary. any Assistant Secretary. Treasurer. or any Vice President. or by such other ofticcrs as the Board
of Directors may authori?C. The President. any Vice President, Secretary. any Assistant Secretary. or the Treasurer may appoint
/\Homeys in Fact or Agents who shall have authority to issue bonds. policies or undertakings in the name of the Company. The corporate
seal is not necessary for th..: validity of any bonds. policies. und.:rtakings. Powers of Anorney or oth.:r obligations of the corporation. The
signature of any ,uch officer and the corporate seal may be printed by fac�imilc."
IN WIT1 ESS WHEREOF. thc RLI Insurance Compan�· ancl/or Contractors Bonding and Insurance Company. as applicablc. have
caused these pn:sents to be executed by its rcspecti\.: Vice President with it� corporate seal affi.xcd this 14th clay of
April . 2020 .
State of lllinoi,
County of Peoria } ss
On thi, --1.:!!.!L day of April 2()10 . before me. a Notar y Public.personally appeared Ra11on \\'. Dm is . who heing by me duly ,worn. ackno\\ kdged that he ,igned the abmc Pm\cr of Allomcy a, the afore,aid officer of the RI.I lnsurann· Company and or Contractors Bomlin� amt Insurance ('ompan� and acknowledged saiJ in,t11.1mcn1 to be the \'Olun1ary act and deed of said rnrporntion.
OFFICIAL SEAL JACQUELINE M BOCKLER NOTARY P\Jel.lC, STATE Of 1LL1NOIS MY COMMISSION EXPIRES JM u 2022
RLI Insurance Company Contractor� Bondin� and lnsurnnl'e Compan�
By: �ri /d.str--
Barton W. Davis Vice Pre, id<:nl
O:RTIFICATE
I.the undcr,igncd officer of RI.I Insurance Company and orContral'tors Bonding and ln�urance Company. do hcrehy certifythat the allached Power of Allornc) 1s in full force and cn.:ct and i,irre\ ocable: and furthcnnorc. that the Re,olution of the Company a,�ct forth in the Power of Allorncy. i, now in force. In tc,timonywhcrcoL I have hereunto ,ct mv hand and the seal of the RI.Ilnsuranl'C Comp;rn�' and/or Con"tractor� Bonding and ln�uranccComp:tn�' this .2l1h..._ day of Au�wst . 2Q2.Q_.
RI.I Insurance Company Contractor� Bonding anL4�1rnncc ( ·ompirn�·
By:
Jeffrey Q.� Q j-�Corporate Secretary
\Oll5XDl9
16.A.5.b
Packet Pg. 447 Attachment: Bond Basis (14662 : Final Acceptance - Naples Reserve Circle)
16.A.5.c
Packet Pg. 448 Attachment: Resolution (14662 : Final Acceptance - Naples Reserve Circle)
16.A.5.c
Packet Pg. 449 Attachment: Resolution (14662 : Final Acceptance - Naples Reserve Circle)
16.A.5.d
Packet Pg. 450 Attachment: Plat Map (14662 : Final Acceptance - Naples Reserve Circle)
16.A.5.d
Packet Pg. 451 Attachment: Plat Map (14662 : Final Acceptance - Naples Reserve Circle)
16.A.5.d
Packet Pg. 452 Attachment: Plat Map (14662 : Final Acceptance - Naples Reserve Circle)
16.A.5.d
Packet Pg. 453 Attachment: Plat Map (14662 : Final Acceptance - Naples Reserve Circle)
16.A.5.d
Packet Pg. 454 Attachment: Plat Map (14662 : Final Acceptance - Naples Reserve Circle)
16.A.5.d
Packet Pg. 455 Attachment: Plat Map (14662 : Final Acceptance - Naples Reserve Circle)