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Agenda 05/25/2021 Item #16A 1 (Resolution - Sereno Grove Roadway & Drainage Improvements)05/25/2021 EXECUTIVE SUMMARY Recommendation to approve a Resolution for final acceptance of the private roadway and drainage improvements, and acceptance of the plat dedications, for the final plat of Sereno Grove, Application Number PL20160001884; and authorize the release of the maintenance security. OBJECTIVE: To have the Board of County Commissioners (Board) accept final approval of the infrastructure improvements associated with the subdivision, accept the plat dedications, and release the maintenance security. CONSIDERATIONS: 1) On August 28, 2019, the Growth Management Department granted preliminary acceptance of the roadway and drainage improvements in Sereno Grove. 2) The roadway and drainage improvements will be maintained by the project’s homeowners association. 3) The required improvements have been constructed in accordance with the Land Development Code. The Growth Management Department has inspected the improvements on March 2, 2021, 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 the project's homeowners association. The existing security in the amount of $324,088.60 will be released upon Board approval. The original security in the amount of $2,142,641.60 has been decreased to the current amount of $324,088.60 based on the previous work performed and completed and pursuant to the terms of the Construction and Maintenance Agreement dated October 29, 2018. GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this action. 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 Sereno Grove, Application Number PL20160001884, and authorize: 1. The Chairman to execute the attached resolution authorizing final acceptance of the improvements and plat dedications. 2. The Clerk of Courts to release the maintenance security. Prepared By: Lucia S. Martin, Associate Project Manager, Development Review Division 16.A.1 Packet Pg. 496 05/25/2021 ATTACHMENT(S) 1. Location Map (PDF) 2. Bond Basis (PDF) 3. Resolution (PDF) 4. Plat Map (PDF) 16.A.1 Packet Pg. 497 05/25/2021 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.1 Doc ID: 15313 Item Summary: Recommendation to approve a Resolution for final acceptance of the private roadway and drainage improvements, and acceptance of the plat dedications, for the final plat of Sereno Grove, Application Number PL20160001884; and authorize the release of the maintenance security. Meeting Date: 05/25/2021 Prepared by: Title: Technician – Growth Management Development Review Name: Lucia Martin 03/15/2021 8:47 AM Submitted by: Title: Director – Growth Management Department Name: Matthew McLean 03/15/2021 8:47 AM Approved By: Review: Engineering & Natural Resources Jack McKenna Additional Reviewer Completed 03/15/2021 9:06 AM Growth Management Development Review Brett Rosenblum Additional Reviewer Completed 03/15/2021 6:04 PM Growth Management Operations & Regulatory Management Kenneth Kovensky Additional Reviewer Completed 03/16/2021 2:52 AM Growth Management Department Matthew McLean Additional Reviewer Completed 03/18/2021 9:30 AM County Attorney's Office Derek D. Perry Level 2 Attorney Review Completed 03/18/2021 10:18 AM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 03/18/2021 4:05 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 03/25/2021 9:59 AM Office of Management and Budget Laura Zautcke Additional Reviewer Completed 03/28/2021 2:16 PM County Manager's Office Dan Rodriguez Level 4 County Manager Review Completed 04/09/2021 4:14 PM Board of County Commissioners Geoffrey Willig Meeting Pending 05/25/2021 9:00 AM 16.A.1 Packet Pg. 498 SERENO GROVE LOCATION MAP 16.A.1.a Packet Pg. 499 Attachment: Location Map (15313 : Final Acceptance - Sereno Grove) CONSTRUCTION AND MAINTENANCE AGREEMENT FOR SUBDIVISION IMPR OVEMENTS THIS CONSTRUCTION AND MAINTENANCE AGREEMENT FOR SUBDIVISION IMPROVEMENTS entered into this :2 q day of ID I I 20 /8 between wc,eonvr.,.,.,,.LLc hereinafter referred to as "Developer," and the 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: Sereno Grove ---------8.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: drainage, roadways, utilities an d related infrastructure. within 12 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 $2,142,641 .6 0 -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.1.b Packet Pg. 500 Attachment: Bond Basis (15313 : Final Acceptance - Sereno Grove) 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 completio , repair and maintenance of the required improvements. The Board shall have the right to constr ct and maintain, or cause to be constructed or maintained , pursuant to public advertisement d receipt and acceptance of bids, the improvements required herein. The Developer, as rincipal under the subdivision performance security, shall be liable to pay and to indemnify the Bo rd, upon completion of such construction, the final total cost to the Board thereof, including, but n limited to, engineering, legal and contingent costs, together with any damages, either direct or c sequential, which the Board may sustain on account of the failure of the Developer to fulfill all of th provisions of this Agreement. 9.All of the terms, covenants and conditions herein Developer and the res pective successors and assigns ntained are and shall be binding upon the the Developer. IN WITNESS WHEREOF, the Board and the Developer hav aused this Agreement to be exP.cuted by their duly authorized representatives thi$ _ :2 q day of _--\4,....,l ....._! ____ I ____ , 20.f:L. Printed Name Cryst�I K. Kini°'el, Cle�i/ ot't'h; Circuit Court & Comptroller ("_":) .. ... n ity)WCI Communities, LLC Darin McMurray, VP Printed Name/Title (President, VP, or CEO) (Provide Proper Evidence of Authority) ScottA. Stone ____________ ---l,----------------------i Assistant County Attorney 16.A.1.b Packet Pg. 501 Attachment: Bond Basis (15313 : Final Acceptance - Sereno Grove) 16.A.1.bPacket Pg. 502Attachment: Bond Basis (15313 : Final Acceptance - Sereno Grove) 16.A.1.bPacket Pg. 503Attachment: Bond Basis (15313 : Final Acceptance - Sereno Grove) 16.A.1.bPacket Pg. 504Attachment: Bond Basis (15313 : Final Acceptance - Sereno Grove) .Rff*C-ovmty Grc\ /h Management Deparfnent Development Review Division March 4. 2020 Fidelity Guaranty and Acceptance Corp 700 NW 107'r'Ave. Ste. 204 Miami. FL.33172 RE: Your Irrevocable Standby Letter of Credir No. FGAC- l 8058 Lennar Honles. LLC Sereno Grove PL20l 6000 I 884 An original Amendment reducing the value olthe Credit should be directed to this office, "all other terms and conditions oforiginal Letter of Credit to remain in full force and effect',. If I can be of anl further assistance to you in this regard, please let me know. The reduction will become eff'ective upon our receipt of the original Amendment. Sincerely. loAa Hou0dswottA John H Houldsworth Senior Site Plans Reviewer 'rvith auhority in these matters' Cc: Q. Grady Minor Dq,EhprErt Re/i Divilixl '2&O l,Hr l'Mle Dril.e ' lgCes, Fkid 34104 ' 23S252'24m 'ttl.l'lv'c*'courM'goti Dear Sir or Madam: Please be advised that based on the work completed to date, the referenced Performance Security may be reduced by $1,818,553.00, leaving an available security of$324,088.60. The remaining securiry represenrs the required 10% maintenance security of$194,785.60, plus $129,303.00 in uncompleted improvements. 16.A.1.b Packet Pg. 505 Attachment: Bond Basis (15313 : Final Acceptance - Sereno Grove) FIDELITY GUARANTY AND ACCEPTANCE 7oo Nw;Jl i"rtlYSo-,tYl'r"o' coRP fPHONE (305)553-A724 r^N. ItARClt 9,2020 IRRE\'OCABI,E STAT"DB\ l,llTrER OF CREDIT \O. FGAC-18058 APPLI('AN'I: LENNAR[IOMI:,S,1.1,C.(HllREINA}'TUR"DEVELOP}IR") IIMSI SIX i!IILE (]} PRESS PARKWA} FORT }II ERS. FI,ORIDA JJ966 BENEFICIAR}:TIIE 28OO NORl H IIORST]STIOE DRIvE \A Pl.t.s. t L J4l0{ DT]VT]I,OPMEN'T REVIT:W DIVTSIoTi (THRXE IIUNDRED 'IWENTY t'OtIR BAN'TY AND ACCEPIANCE COBP ANO ACCEPIAT!Ct COFrP NCE COFP IJDILITY GUAFANTY AND ACOCPTANCE COBP collP AMOUNT: CENTI,EMEN: TO AMEND LI]TTER OF CRf,DI'I' NO. FGAC.I8O58 AS ISSTJED IN YOTJR FAVOR THIS AIIII]NDNIENT IS AN INTIiCRAL PART OF THE ORIGINAL CREDIT. ALL OTHERTERVS AND CONDI'I'IONS OF THE LT]TTER OF CREDIl' I\CLI DING PRT]VIOTIS A\IENDNIENTS REMAIN T]NCIIA\GED. AMENDED TERMS: REDUCE DOLLAR AIIOUNT FROIU; $2,1,12,641.60 TO: SJ2,1,08E.60. IIINIEDIATE r-OTIFICA'I lON MtiST BE GIVEN TO tis IF THIS AMENDIIIENT lS NOT ACCEPTED. THIS IS AMENDMENT No.2. VERI' TRtJI,\' I'OTJRS. FIDELIT\ GTJARANTI' AND ACCEPTANCT] CORP. fIDELITY OUANANTY AND ACCEPlANCE FIDEI ITY CL]AAANTY ANOACCFPfANCE CORP F i--F. 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F]DEL Y G{JAFIANTY AND ACCEPTANCE CORP CORP FIOf! YGUAEANI}'ANOACCEPTANCE FlOELITY GUAAA\IY AND ACCEP',ANCE COBP COFIP FIDELIIY CUARANIY ANLT ACCEPIANCE l:ID[LITY GI]ARANTY ANO CCEPTANCT CORP COFP FIDELI-IY Gl]ARANTY ANO ACCEPTANCT F]D€LITY CITAi]A!-T q\O ACCEPIANCE COiIP FIDEL TY PIANCE CQNP FIDE GUANANTY AND ACCEPTANC€ ilDtLr./ JACQU 16.A.1.b Packet Pg. 506 Attachment: Bond Basis (15313 : Final Acceptance - Sereno Grove) 16.A.1.c Packet Pg. 507 Attachment: Resolution (15313 : Final Acceptance - Sereno Grove) 16.A.1.c Packet Pg. 508 Attachment: Resolution (15313 : Final Acceptance - Sereno Grove) 16.A.1.d Packet Pg. 509 Attachment: Plat Map (15313 : Final Acceptance - Sereno Grove) 16.A.1.d Packet Pg. 510 Attachment: Plat Map (15313 : Final Acceptance - Sereno Grove) 16.A.1.d Packet Pg. 511 Attachment: Plat Map (15313 : Final Acceptance - Sereno Grove) 16.A.1.d Packet Pg. 512 Attachment: Plat Map (15313 : Final Acceptance - Sereno Grove) 16.A.1.d Packet Pg. 513 Attachment: Plat Map (15313 : Final Acceptance - Sereno Grove) 16.A.1.d Packet Pg. 514 Attachment: Plat Map (15313 : Final Acceptance - Sereno Grove)