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10. Bonding -Out for Grand Harbor Estuarine System Improvements The Board reviewed the following memo dated 3/14/88: TO: Charles Balczun DATE: March 14, 1988 County Administrator DIVISION HEAD CONCURRENCE: FILE: 40:1" e4 BONDIN-OUT FOR ND ng CP SUBJECT: HARBORGESTUARIINEGSYSTEM Community Dev lopm nt Director IMPROVEMENTS Robert M. FROM: Stan Boling4 I REFERENCES: gh estuarine Chief, Current Development STAN2 It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of March 22, 1988. DESCRIPTION AND CONDITIONS: A major component of the Grand Harbor development order (D.O.), which granted D.R.I. approval for the project, was the development and improvement of created and altered estuarine wetlands along the eastern one-third of the site (see attachment #1). Originally, the D.O. required Grand Harbor to complete the estuarine system prior to the issuance of any C.O.'s for any portion of the project. Recently, the D.O. was amended by action of the Board of County Commissioners (see attachment #2) to allow for the issuance of C.O.'s for up to 600 units if: 1. the developer contracts with the County to complete required estuarine system improvements by January 1, 1989; and 2. the developer posts acceptable surety with the County to guarantee the construction contract. The developer, Grand Harbor, Inc., is requesting approval of a construction contract, and has now submitted: a) a certified cost estimate specifying remaining improvements and costs of such improvements; b) a contract for constructing required improvements by September 30, 1988; and c) three letters of credit representing 115% of the total cost of remaining improvements. ANALYSIS: The submitted contract and letters of credit meet all applicable D.O. requirements. Thus, if approved by the Board, the "bonding - out" for estuarine improvements will allow a limited number of C.O.'s to be issued for units within Grand Harbor. Staff has periodically inspected the project site and has accepted the submitted certified cost estimate for remaining estuarine work. The County Attorney's office and staff have accepted the submitted contract and letters of credit. The contract specifies that all required estuarine system improvements (pesticide soils removal, earthwork and grading, and planting) will be completed by September 30, 1988. It should be noted that estuarine system monitoring requirements are covered by the D.E.R. permit issued for the project (permit #311043029). 15 AR 2 2 1988 BOOK 71 FAH 313