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AUG 51991 BONa <br />TO: The Honorable :Members DATE: July 21, 1981 FILE: <br />of the Board of County <br />Commissioners <br />Request for Preliminary Plat <br />approval - Kingslake, Unit r2 <br />SUBJECT: Subdivision - Approximately 20 <br />acres containing 30 half acre lots zoned <br />R-1 located north of Pecan Road, west of <br />Kings Highway (505A) - Owner: Philo In- <br />vestment, Inc. - Surveyor/Engineer: James <br />J1_ AA. Fowler/Harlan C. Peterson <br />FROM:T <br />Neil A. Nelson REFERENCES. <br />County Administrator <br />DESCRIPTION AND CONDITIONS <br />:fir. S.P. Musick, agent for the developer, is requesting Preliminary <br />Plat approval for the above subject project. The Technical Review <br />Committee considered the preliminary plat plan during the July 7, <br />1981 meeting and a copy of the TRC meeting minutes on'this item is <br />attached. All recommendations of the TRC have been made except for <br />provisions to pave Pecan Road along the 1276.78 foot frontage. <br />ALTERNATIVES AND ANALYSIS <br />The owner's agent, Mr. S.P. Musick, expressed his feeling that it <br />is unequitable for the County to require both dedication of additional <br />right-of-way along Pecan Road and also paving of Pecan Road. Past <br />County policy (which was applied to Kingslake Subdivision to the north <br />-.and west) is to require placing funds by the developer for the paving <br />of half of Pecan Road in the County's escrow account at the time of <br />Final Plat approval. The impact of this alternative would be that <br />once the property south of Pecan Road was developed and monies <br />received for the paving of the other half of the road, the County <br />could proceed to pave Pecan Road at no expense to the taxpayers of <br />Indian River County. <br />The other alternative is to not require the developer to submit funds <br />for the paving of a half road along Pecan Road and to pave this road <br />some time in the future with budgeted funds. This alternative would <br />burden the County budget with large expenditures for road paving. <br />RECOMMENDATIONS AND FUNDING <br />Based upon past County policy, it is recommended that Preliminary <br />Plat approval of Kingslake Unit 2 Subdivision be approved subject <br />to the following: <br />The developer be requested to provide funds for the paving <br />of a half road along the 1276.78 lineal 'feet -frontage of <br />Pecan Road at the time of Final Plat approval. <br />There are no funding considerations to be addressed by the Board for <br />this item. <br />AGENT PETE MUSICK DIAGRAMMED ON THE BLACKBOARD WHAT IS <br />HAPPENING BECAUSE OF THE COUNTY'S PRESENT POLICY IN REGARD TO ROAD <br />RIGHT=OF-WAY. HE EXPLAINED THAT THE DEVELOPER PAID $10,000 AN ACRE <br />FOR HIS 20 ACRE TRACT, AND BY DEDICATING THE 30' REQUESTED BY THE <br />COUNTY, HE WOULD BE GIVING UP SLIGHTLY OVER $10,000. IN ADDITION, <br />� � O <br />