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?P INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Joseph A Baird; County Administrator DEPARTMENT HEAD CONCURRENCE: Stan Boling, I ; Community Development Director THROUGH: John W. McCoy, AICP; Chief, Current Development FROM: Ryan Sweeney; Senior Planner, Current Developmentf/V DATE: January 8, 2016 SUBJECT: Diamond Court West FL, LLC's Request for Final Plat Approval for a Plat -Over Site Plan Single -Family Development to be known as Lily's Cay [SD -15-05-07 / 2006030269-742731 It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of January 19, 2016. DESCRIPTION & CONDITIONS: Lily's Cay is a plat -over site plan project that consists of 53 single-family units on 16.20 acres, and is located at the northwest corner of Indian River Boulevard and 41 st Street. The property is zoned RM -6, Residential Multiple -Family (up to 6 units/acre), and has an M-1, Medium Density Residential (up to 8 units/acre) future land use designation. The density for Lily's Cay is 3.27 units per acre. On March 27, 2014, the Planning and Zoning Commission granted major site plan and preliminary plat approval for the development project under the name "Diamond Court West." The project name has since been changed to "Lily's Cay." As of this time, the applicant has built 97.7% of the required projectimprovements, and has "bonded -out" for the remaining 2.3% of the required improvements. The applicant has submitted the following: 1. A final plat in conformance with the approved preliminary plat; 2. An Engineer's Certified Cost Estimate for the remaining required improvements; 3. An Engineer's Certified Cost Estimate for the final lift of asphalt; 4. An executed Contract for Construction of Required Improvements, with an executed cash deposit and escrow agreement, and $49,113.14 in the form of a check; and F\Community Development\CurDev\Final Plats\BCC staff reports\2016FPrp1s\Li1y'sCaySD-15-05-07.docx 120