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Item #04 Maintenance, Materials, and Workmanship Escrow Agreement for The Oasis at Lake Bennet Apartments with The Oasis at Lake Bennet, LLC t Ocoee florid AGENDA ITEM COVER SHEET Meeting Date: April 4, 2017 Item # Reviewed By: Contact Name: Milen D. Womack, Mpv/ Department Director: K Development Engineer Contact Number: 407-554-7081 City Manager: Subject Certificate of Completion of the Public Infrastructure Improvements fo e asis at Lake Bennet Apartments (District 3—Commissioner Firstner) Background Summary: The Oasis at Lake Bennett is a 302 Unit apartment complex located on the southeast corner of S Bluford Avenue and Maine Street. The developer has completed construction of the public infrastructure improvements and has requested an acceptance for the public improvements in order to receive Certificates of Occupancies for the various buildings. The public infrastructure improvements include the water, sanitary sewer, and reuse utilities, and improvements to Ocoee Town Center Boulevard. All identified punchlist repairs have been completed and the developer is ready to start the two-year warranty period for those items. As a requirement of the Land Development Code, the developer is required to furnish the City a Surety to cover any possible damages discovered during the next two years, should the developer not choose to make those repairs. Oasis at Lake Bennett, LLC has provided the City with a Check in the amount of 10% of the constructed improvements. The attached Maintenance, Materials, and Workmanship Escrow Agreement (Form 8 from the Land Development Code) acts as the executable document between the developer and the City in the event that the Surety is monetary. The Surety will be returned to the developer upon completion of the two- year warranty period and the repair of any damages caused over that two year period. Issue: Should the City accept the Surety as provided by Oasis at Lake Bennett, LLC for the two-year warranty for Oasis at Lake Bennett Apartments and execute the Maintenance, Materials, and Workmanship Escrow Agreement with Oasis at Lake Bennett, LLC? Recommendations The Development Services Department recommends the acceptance of the Surety and the execution the Maintenance, Materials, and Workmanship Escrow Agreement with Oasis at Lake Bennett, LLC for Oasis at Lake Bennett Apartments. Attachments: 1. Maintenance, Materials, and Workmanship Escrow Agreement with Oasis at Lake Bennett, LLC 2. Copy of SunTrust Bank Check No. 62382 provided by Picerne Development Corp. Financial Impact: There are no financial impacts to the City in accepting this two-year warranty Surety. Type of Item: /please mark with an 51 Public Hearing For Clerk's Dept Use: Ordinance First Reading x Consent Agenda Ordinance Second Reading Public Hearing Resolution Regular Agenda X Commission Approval Discussion 8 Direction Original Document/Contract Attached for Execution by City Clerk Original Document/Contract Held by Department for Execution Reviewed by City Attorney N/A Reviewed by Finance Dept. N/A Reviewed by 0 N/A 2 MAINTENANCE, MATERIALS, AND WORKMANSHIP ESCROW AGREEMENT This Agreement is entered into this _day of 20 , by The Oasis at Lake Bennet, LLC, a Florida limited liability company, hereinafter referred to as "Developer" and the City of Ocoee, a Florida municipal corporation, hereinafter referred to as the "City". WHEREAS, Developer is the owner of certain real property located in Orange County, Florida more fully described in the attached Exhibit "A" which exhibit is incorporated herein by this reference (the "Property"); and WHEREAS, Developer has developed and constructed on the property, a subdivision known as Ocoee Town Center — Phase 2 (the "Subdivision") and in connection therewith has installed with the approval of the City certain roads, streets, sewers, water systems and other improvements all as identified on Exhibit "B" attached hereto and incorporated herein (the "Improvements") under the provisions, conditions, and requirements of the City's Subdivision Regulations and the subdivision approval granted the day of , 20 , by the Board of City Commissioners; and WHEREAS, under Section 4-4, Subdivision Review Process, of the City's Land Development Code, Developer is required to warrant the maintenance, materials, and workmanship of the Improvements constructed by Developer within the Subdivision; and WHEREAS, Section 4-4, Subdivision Review Process, of the City's Land Development Code provide that Developer may guaranty such maintenance, materials, and workmanship by placing a cash escrow with the City; and WHEREAS, Developer wishes to establish an escrow fund in order to guaranty the maintenance, materials, and workmanship of the Improvements within the Subdivision as required by Section 4-4, Subdivision Review Process, of the Land Development Code. NOW THEREFORE, the parties agree as follows: SECTION 1. ESTABLISHMENT OF ESCROW FUND. Developer does hereby establish an escrow fund with the City in the amount of Nineteen Thousand Two Hundred Fifty-two and 75/100 Dollars ($19,252.75) to guaranty the maintenance, materials, workmanship, and structural integrity of the Improvements. This escrow fund shall be placed by the City in an account at a local financial institution and shall be disbursed only in accord with the terms of this Agreement. {403354402) SECTION 2. TERMS AND CONDITIONS FOR RETURN OF ESCROW FUND. In the event Developer shall maintain the Improvements in a first class condition for a period of two (2) years from the date of issuance of the Certificate of Completion for the Improvements, and if Developer shall replace all paving or other structures which within said two (2) year period shall be found by the City not to comply with said subdivision approval, and that if the Developer shall replace any other Improvements the materials, workmanship, or structural integrity of which shall be found by the City not to comply with said subdivision approval for a two (2) year period following issuance of the Certificate of Completion by the City, and shall pay any and all costs or expenses incidental to the performance of any work required to be performed hereunder, then the monies escrowed hereunder less an administrative fee of two (2) percent which shall be retained by the City and less all bank charges with respect to the maintenance of the escrow fund shall be returned to the Developer. SECTION 3. CITY'S RIGHT TO DRAW ON ESCROW FUND. The funds escrowed hereunder shall be used by the City only to repair or replace the Improvements deemed by the City to not comply with the subdivision approval except as mutually agreed to by the parties. If at any time during the two (2) year period following the issuance of the Certificate of Completion for the Improvements the City notifies Developer in writing of any deficiency or fault in the materials, workmanship, or structural integrity of the Improvements, and Developer fails to correct such deficiency or fault to the satisfaction of the City within thirty (30) days of such written notice, then the City may make such corrections, the cost of which shall be paid for out of the escrow fund for this purpose without further notice to Developer. Notwithstanding anything contained in Section 2 above, in the event the City has notified Developer of a deficiency or fault as provided above, the term of this Agreement shall continue until such deficiency or fault is corrected. SECTION 4. CONTINUED APPLICABILITY OF SUBDIVISION REGULATIONS. This Agreement shall not be construed to relieve or release Developer from any of its obligations under the City Subdivision Regulations with respect to the Improvements. SIGNATURES TO FOLLOW (40335440;2) IN WITNESS WHEREOF, the parties hereto have caused these presents to be signed as of the date and year first above written. SIGNED, SEALED, AND DELIVERED DEVELOPER: IN THE PRESENCE OF: The Oasis at Lake Bennet, LLC, a Florida limited liability company By: The Oasis at Lake Bennet GP, LLC, a Florida limited liability cpmpany, its Manager r/d WI " l(,/LLL 1 By: Witness: ' flfl7 ''t • Name: Robert M. Picerne Title: Manager Witness: lattlallr ' az, _ CITY: ATTEST: CITY OF OCOEE, FLORIDA, a Florida municipal corporation By: By: City Clerk Mayor (SEAL) For the use and reliance by the City of Approved by the Ocoee City Commission Ocoee only. Approved as to form and at a meeting held on legality this day of , 20 under Agenda Item No. 20 SHUFFIELD, LOWMAN &WILSON, P.A. By: City Attorney (40335440;2) EXHIBIT "A" The land referred to herein below is situated in the County of Orange, Stale of Florida, and is described as.follows: PARCEL 1 COMMENCE AT THE SOUTHWEST CORNER OF THE SOUTHWEST 1/4 OF SECTION 20, TOWNSHIP 22 SOUTH, RANGE 28 EAST, ORANGE COUNTY, FLORIDA; THENCE N.00"28146"W. (N.00°2927"W. PER RECORD DEED),. ALONG THE WEST UNE OF SAID SOUTHWEST 1/4. A DISTANCE OF 1383.38 FEET (1,383.17 FEET PER RECORD DEED) TO THE SOUTHWEST CORNER OF THE SOUTH 1/2 OF THE NORTHWEST 1/4 OF THE SOUTHWEST 1/4 OF SAID SECTION 20; THENCE 8:89°3893"E. (S.89°40152"E. PER.RECORD DEED), ALONG THE SOUTH LINE OF SAID SOUTH ]./2, A DISTANCE OF 1329-69 FEET (1,329.48 FEET PER RECORD DEED) TO A POINT ON THE EAST LINE OF THE SOUTHWEST 114 OF THE SOUTHWEST 114 OF SECTION 20; THENCE S.00°31'13"E. ALONG SAID EAST LINE, A DISTANCE OF 120.58 FEET; THENCE DEPARTING SAID EAST LINE, RUN N.89°30'02"W. FOR A. DISTANCE OF 30.00 FEET TO THE POINT OF BEGINNING; THENCE 5.00°31'13"E.A DISTANCE OF 399.86 FEET; THENCE N.89°56'50"W. A DISTANCE OF 86.75 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE, CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 197.50 FEET AND A CHORD THAT BEARS 5.69°59'53"W., 135.45 FEET; THENCE SOUTHWESTERLY, ALONG THE ARC OF SAID CURVE TO THE. LEFT, 'THROUGH A CENTRAL ANGLE OF 40°06'34", A DISTANCE OF 138.26 FEET TO A POINT ON THE NORTHWEST RIGHT-OF-WAY LINE OF OCOEE TOWN CENTER BOULEVARD (70 FEET WIDE), AS SHOWN ON THE PLAT OF OCOEE TOWN CENTER - PHASE 1, AS RECORDED IN PLAT BOOK 77, PAGES 37 THROUGH 41 OF THE PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA; THENCE S.49°5616"W., ALONG SAID NORTHWEST RIGHT-OF-WAY LINE, A DISTANCE OF 29532 FEET TO THE NORTHEAST RIGHT-OF-WAY LINE OF SOUTH BLUFORD AVENUE (66 FEET WIDE), AS RECORDED IN DEED BOOK 430, PAGE 30, OF THE PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA; THENCE N.40°03'24"W'., ALONG SAID NORTHEAST RIGHT-OF-WAY LINE, A DISTANCE OF 12.32 FEET TO THE POINT OF CURVATURE OF A CIRCULAR CURVE, CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 5,73532 FEET AND A CHORD THAT BEARS N.38°04'13"W., 397.65 FEET; THENCE NORTHWESTERLY, ALONG SAID NORTHEAST RIGHT-OF-WAY LINE AND ALONG THE ARC OF SAID CURVE, THROUGH A CENTRAL ANGLE OF 3°58'23',A DISTANCE OF 397.73 FEET TO A PONT OF NON-TANGENCY; THENCE N.36°OI'I3'W. .ALONG SAID NORTHEAST RIGHT-OF-WAY LINE, A DISTANCE OF 286.99 FEET TO THE SOUTHERLY RIGHT-OF-WAY LINE OF MAINE STREET (SO FEET WIDE); THENCE N.08°53'547., ALONG SAID SOUTHERLY RIGHT OF WAY LINE, A DISTANCE OF 38.11 FEET; THENCE. N.53°50103"E.,ALONG SAID SOUTHERLY RIGHT-OF-WAY LINE, A DISTANCE OF 7.87 FEET TO TILE POINT OF CURVATURE OF A CIRCULAR CURVE, CONCAVE SOUTHEASTERLY, HAVING A RADIUS OF 460.00 FEET AND A CHORD THAT BEARS N.64°07'S0"E., 164.44 FFFT; THENCE NORTHEASTERLY, ALONG SAID SOUTHERLY RIGHT-OF-WAY LINE AND ALONG THE ARC OF SAID CURVE. THROUGH A CENTRAL ANGLE OF 20°35'34", A DISTANCE OF 16533 FEET TO A POINT ON A CIRCULAR CURVE, CONCAVE SOUTHERLY, HAVING A RADIUS OF 181..78 FEET AND A CHORD THAT BEARS S.77°21'57"G., 19.48 FEET; THENCE SOUTHEASTERLY ALONG THE ARC OF SAID CURVE (90315490,2 THROUGH A CENTRAL ANGLE OF 6°08'34". A DISTANCE OF 19,49 FEET TO THE POINT OF CURVATURE OF A CURVE, CONCAVE NORTHERLY, HAVING A RADIUS OF 637.58 FEET AND A CHORD THAT BEARS S. 81°55.10" E., 169.20 FEET; THENCE EASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 15°15500" A DISTANCE OF 169.70 FEET TO THE POINT OF TANGENCY; THENCE RUN S. 89°30'02" E., 511.63 FEET TO THE POINT OF BEGINNING. PARCEL 2 LOT 3, OCOEE TOWN CENTER - PHASE I, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 77, PAGES 37 THROUGH 41, INCLUSIVE, OF THE PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA. LESS AND EXCEPT` A PORTION OF LOT 3,OCOEE TOWN CENTER - PHASE I,AS RECORDED IN PLAT BOOK 77, PAGES 37 THROUGH 41 OF THE PUBLIC RECORDS OF ORANGE COUNTY,FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT WE MOST WESTERLY CORNER OF OCOEE TOWN CENTER BOULEVARD, OCOEE TOWN CENTER - PHASE I, AS RECORDED IN PLAT BOOK 77, PAGES 37 THROUGH 41 OF THE PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA; THENCE RUN SOUTH 40'0324" EAST, ALONG TME SOUTHWESTERLY LINE OF SAID OCOEE TOWN CENTER - PHASE I, ALSO BEING THE MOST EASTERLY RIGHT OF WAY LINE OF SOUTH I3LUFORD AVENUE, A 66 FOOT WIDE RIGHT OF WAY, AS RECORDED IN DEED BOOK 430, PAGE 30 OF THE SAID PUBLIC RECORDS OF ORANGE COUNTY. FLORIDA. FOR A DISTANCE OF 35912 FEET TO THE POINT OF BEGINNING, SAID POINT LYING ON A CURVE, CONCAVE NORTHERLY. HAVING A RADIUS OF 30.00 FEET, A CHORD BEARJNG OF SOUTH 85°0324" EAST AND A CHORD DISTANCE OF 42.43 FEET; TIIENCE DEPARTING SAID SOUTHWESTERLY UNE AND SAID EASTERLY RIGHT OF WAY LINE, RUN EASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 90°00'00" FOR.AN ARC DISTANCE OF 47.12 FEET TO A POINT ON A LINE LYING 14.00 FEET NORTHWESTERLY OF, AND PARALLEL. WITH, THE SOUTHEASTERLY LINE OF LOT 3 OF SAID OCOEE TOWN CENTER - PHASE I; THENCE DEPARTING SAID CURVE, RUN NORTH 4956'36" EAST, ALONG SAID PARALLEL LINE, FOR A DISTANCE OF 22350 FEET TO THE POINT OF CURVATURE OF A CURVE, CONCAVE WESTERLY. HAVING A RADIUS OF 25.00 FEET, A CHORD.BEARING OF NORTH 04056'36' EAST AND A CHORD DISTANCE OF 35.36 FEET; THENCE DEPARTING SAID PARALLEL LINE, RUN NORTHERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 90°00'00" FOR AN ARC DISTANCE OF 39,27 FEET TO A POINT ON THE NORTHEASTERLY LINE OF SAID LOT 3. THENCE DEPARTING SAID CURVE. RUN SOUTH 40°0324" EAST. ALONG SAID NORTHEASTERLY LINE OF LOT 3 FOR A DISTANCE OF 39.00 FEET TO THE MOST EASTERLY CORNER OF SAID LOT 3; THENCE DEPARTING SAID NORTHEASTERLY LINE, RUN SOUTH 4996'36" WEST ALONG THE SOUTHEASTERLY LINE OF SAID LOT 3 FOR A DISTANCE OF 278 50 FEET TO THE MOST SOUTHERLY CORNER OF SAID LOT 3, ALSO BEING ON THE AFORESAID EASTERLY RIGHT OF WAY LINE OF SOUTH BLUFORD AVENUE; THENCE DEPARTING SAID SOUTHEASTERLY LINE OF LOT 3,RUN NORTH 40'03'24" WEST ALONG SAID EASTERLY RIGHT OF WAY LINE, FOR A DISTANCE OF 44.00 FEET TO THE PONT OF BEGINNING. (40335440,1) PARCEL 3 LOT 4, OCOEE TOWN CENTER - PHASE I, ACCORDING TO THE RAT THEREOF, AS RECORDED IN PLAT BOOK 77, PACES 37 THROUGH 41, INCLUSIVE, OF THE PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA. PARCEL 4 COMMENCE AT THE SOUTHWEST CORNER OF THE SOUTHWEST 1/4 OF SECTION 20, TOWNSHIP 22 SOUTH, RANGE 28 EAST, ORANGE COUNTY, FLORIDA; THENCE N00°2927"W ALONG THE WEST LINE OF SAID SOUTHWEST 1/4 A DISTANCE OF 1383.17 FEET TO THE SOUTHWEST CORNER OF THE SOUTH iR OF THE NORTHWEST 114 OF SAID SOUTHWEST 1/4; THENCE 589°40'52"E ALONG THE SOUTH LINE OF SAID SOUTH 112 A DISTANCE OF 290.99 FEET TO THE EASTERLY RIGHT-OF-WAY LINE OF SOUTH BLUFORD AVENUE; THENCE CONTINUE S89°40'52"E ALONG SAID SOUTH LINE A DISTANCE OF 1038.49 FEET TO A POINT ON THE EAST LINE OF THE SOUTHWEST 1/4 OF SAID SOUTH WEST I/4 OF SECTION 20; THENCE S00°30'50"E ALONG SAID EAST LINE A DISTANCE OF 58.60 FEET: THENCE S83°2120"W A DISTANCE OF 30.17 FEET FOR A. POINT OF BEGINNING; THENCE. S00°30'50"E ALONG A LINE 30.00 FEET WEST OF AND PARALLEL WITH SAID EAST LINE. A DISTANCE OF 59.02 FEET; THENCE N89°30'02"W A DISTANCE OF 511:27 FEET TO A. NON-TANGENT POINT ON A CURVE CONCAVE NORTHEASTERLY, HAVING A RADIUS OF 640.78 FEET, A CHORD BEARING OF N81°5S10"W, A CHORD DISTANCE OF 169.20 FEET, RUN THENCE NORTHWESTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 15°1024", A. DISTANCE OF 169.69 FEET TO A POINT OF REVERSE CURVATURE ON A CURVE CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF 220.00 FEET, A CHORD BEARING OF N76°50'27"W, A CHORD DISTANCE OF 19.26 FEET, RUN THENCE NORTHWESTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 05°00'59", A DISTANCE OF 19.26 FEET TO A NON-TANGENT POINT ON A CURVE CONCAVE SOUTHWESTERLY, HAVING A RADIUS OF 460.00 FEET, A CHORD BEARING OF N82°24'02"E, A CHORD DISTANCE OF 127.32 FEET, RUN THENCE NORTHEASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 15°54'33", A DISTANCE OF 127.73 FEET; THENCE. 589°38'41"E A DISTANCE OF 409.61 FEET TO A POINT OF CURVATURE ON A CURVE CONCAVE NORTHWESTERLY,HAVING A RADIUS OF 890.00 FEET, A CHORD BEARING OF N86°51'I9"E, A CHORD DISTANCE OF 108.67 FEET, RUN THENCE NORTHEASTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 07°00'00", A DISTANCE OF 108.73 FEET; THENCE N83°2120'E A DISTANCE OF 53.04 FEET TO THE POINT OF BEGINNING. (40335440 21 Ex hibit "B" Project: Oasis at Lake Bennet breakdown Contractor:WHITE'S SITE DEVELOPMENT,INC. Item Item Contractor's Unit Total No. Description Unit Estimate Cost Amount Water&Reclaim on Richmond 1 10"DIP pipe LF 480 $50.00 $24,000.00 2 Fire hydrant EA 1 $3,500.00 $3,500.00 3 10"G.V. EA 1 $2,500.00 $2,500.00 4 Water fittings LS 1 51,000.00 $1,000.00 56"PVC pipe LF 560 $13.50 $7,560.00 6 Blowoff EA 1 $700.00 $000.00 7 Reclaim Fittings LS 1 $1,000.00 $1,000.00 SUBTOTAL $40,260.00 S"Irrigation Meter 1 3"Irrigation Meter EA 1 $6,500.00 $6,500.00 SUBTOTAL $6,500.00 Sewer Tie in 1 Core and connect to existing MH EA 1 $2,500.00 $2,500.00 SUBTOTAL $2,500.00 Tao locations OD Richmond and Maine 1 Wet tap EA 1 $6,500.00 $6,500.00 SUBTOTAL $6,500.00 Watermain Tap at BLD 7 1 Wet tap EA 1 $7,500.00 $7,500.00 SUBa $],500.00 8"Watermain&water meter 1 Wet tap EA 1 $14750.00 $14,750.00 2 8"Watermeter EA 1 $9,550.00 $9,550.00 SUBTOTAL 824,300.00 Ocoee Town Center Roadway 1 Sawcut LF 120 $5.00 $600.00 2 Demo Curbs LF 120 $3.00 $360.00 3 import fill CY 600 $9.00 $5,400.00 412"Stabilized sub-base SY 850 $3.00 $2,550.00 5 8"Ilmerock base SY 850 $10.00 $8,500.00 6 1 1/2"SP-9.5 SY 850 $10.00 $8,500.00 7 1"SP-9.5 SY 850 $8.00 $6,800.00 8 Striping&signage L5 1 $1,000.00 $1,000.00 9 Type"F"curb&gutter LS 435 $17.00 $7,395.00 10 Sidewalk per SF SF 2210 $5.25 $11,602.50 11 HC ramps EA 4 $1,850.00 $7,400.00 12 15"RCP pipe LF 80 $32.00 $2,560.00 1 13 Type 6 Inlet EA 2 $5,000.00 $10000.00 14 15"MES EA 1 $1,050.00 $1,050.00 15 Storm fittings l5 1 $300.00 $300.00 16 10"DIP pipe LF 220 $50.00 $11,000.00 17 Connect to stubout EA 1 $900.00 $900.00 18 10"G.V. EA 3 $2,500.00 $7,500.00 19 Blowoff EA 1 $900.00 $900.00 20 Water fittings LS 1 $1,000.00 $1,000.00 216"PVC pipe LF 200 $13.50 $2,700.00 22 Connect to reclaim EA 1 $650.00 $650.00 23 6"G.V. EA 3 $1,200.00 $3,600.00 24 Blowoff EA 1 $700.00 $700.00 25 Reclaim Fittings LS 1 52,000.00 $2,000.00 SUBTOTAL $104,967.5Q TOTAL S192$27.50 The undersigned hereby certifies that the costs of the Improvements set forth herein are true and correct. White's 51 sv p By. � Na' . [Y. . c e: 4 '•. rjLopr_n it S1 y bSCri bed' beiDre Yn.t • 44 t-S AL.44 �)) Cif wank ch �1 q .4 Lon YousiPublfo Stahl or Honda (� My Commission FF 201661 'nr e. Expires 03/25/2019 2 DATE:03/09/2017 CK#:62382 TOTAL:$19,252.45o' HANK:PDC DISBORSEMENT(sepldisb) PAYEE:CITY OF OCOEE(secit130) Property Address-Code Invoice- Date Description • Amount Picerne Development Corporatio - CASH BOND ESCROW LAKE BENNET CASH BOND ESCROW LAKE BENNET 19,252.75 19,252.75 • Picerne Development Corp. SunTrust Bank Central Fl.NA 62382 Disbursement Account SunTrust Center Office 247 N.Westmonte Dr. Orlando, Fl Altamonte Springs,Fl 32714 63-215/631 • **** NINETEEN THOUSAND TWO HUNDRED FIFTY TWO AND 75/100 DOLLARSTO THE ORDER OF 03/09/2017 $19, 252 .75** CITY OF OCOEE 150 N. LAKESHORE DRIVE OCOCEE, FL 34761-2258 11'0006238211' 1:06L000L0111:021, 525203603811'