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AUG 201975 State of Florida, but he does not intend to develop this acreage, and by so doing is eliminating from development and sale approxi- mately 16 acres of land owned by him. This he is doing in order to make every effort to have the proposed development comply with all of the rules and regulations pertaining thereto. The proposed construction will extend no farthereast than the existing dike. HoWever, the lot lines will extend to the mean high water line along the river for the purpose of granting title with riparian rights to the prospective purchasers of such lots. The mean high water line, which is the limit to which the development is intended to be made eastward, has been established and approved by the Florida Department of Natural Resources. It is true that the development exists in what is referred to in the Master Plan as an environmental sensitive area, but.th.e property sought to be developed is in complete accordance with zoning regulations and in accordance with all of your subdivision regula- tions as adopted by your Board, and, necessarily, before construction will be allowed to begin and before the final plat will be approved, Mr. Lowenstein's company will obtain the approval and necessary permits from all of the agencies and regulatory bodies involved in such development. You will note that this proposed plat is Unit No. 5 of River Shores Estates. There have previously been four' plats approved and develop- ment made of four units adjoining Unit No. 5, which have resulted in improvements that have materially added to the growth of Indian River County and the amount of taxable property placed on the tax rolls. Therefore, what is proposed to be done in connection with the tentative plat being presented is simply an extension of a development which has been going on since 1955, and we will present at your meeting a copy of such development plans dating back to February 10, 1955, prepared by R. D. Carter Engineering Firm. It is, therefore, obvious that Mr. Lowenstein is not presenting anything new but is simply seeking to complete the development of a tract of land which he has owned for many years, and all in accordance with the rules and regulations governing such developments. We feel, therefore, that in giving approval to a tentative plat, this Board will be in full accordance with all the rules and regulations relating thereto and that tentative approval of this plan, as stated, will necessarily depend upon the approval of all environmental agencies involved.. Under the provisions of your Subdivision Ordinance, the time limit for tentative approval is eighteen months. Needless to say, much engineering time is required for the development of the project as well as the time required incident to obtaining the necessary permits from the appropriate governmental agencies and the owner has no control over this time involved in obtaining such permits. We, therefore,respectfully request that this Honorable Body accept the recommendations of your Subdivision Review Committee and give approval to the tentative plat and that the time limit of eighteen months be set from the date of the approval of the construction plans. May we reiterate in conclusion that Mr. Lowenstein is seeking to proceed with the development of his property in accordance with plans dating back 'to 1955 and in strict accordance with all existing rules and regulations as to subdivisions and zoning. With the approval of your Subdivision Review Board, we believe that your Body will give approval so that we may proceed with the completion of this development, which when done will in all probability add a good many more millions of dollars to the tax rolls of Indian River County. Respectfully submitted, Registered Land Surveyor .w. ao01 23 PA13{?11