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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM CONSENT AGENDA 8H TO: FROM: DATE: Joseph A Baird; County Administrator DEPARTMENT HEAD CONCURRENCE: Stan Boling, AICP; munity DevelopmentopenDirector John W. McCoy, AI Chief, Current Development March 31, 2014 SUBJECT: DiVosta Homes, LP's Request for Final Plat Approval for a Subdivision to be known as The Cove at Waterway Village [2004010124-71872/PD-13-08-02] It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of April 15, 2014. DESCRIPTION & CONDITIONS: The Cove at Waterway Village PD is a planned development project consisting of 80 lots on 29.83 acres and is located at the northeast corner of 58th Avenue and 53`d Street. The property is zoned PD (Planned Development), and has an L-2 (Low Density 2 up to 6 units per acre) land use designation. The density for The Cove at Waterway Village is 2.68 units per acre. On July 11, 2013, the county granted preliminary PD plan/plat approval for The Cove at Waterway Village PD project. The applicant subsequently obtained a land development permit and commenced construction of the entire project. As of this time, the applicant has built 75.23% of the required improvements, is proposing to "bond -out" for the remaining 24.77% of the required improvements, and 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. A Contract for Construction of remaining required improvements; and The Board is now to consider granting final plat approval for The Cove at Waterway Village PD. ANALYSIS: Some, but not all, of the required The Cove at Waterway Village PD improvements have been completed. As provided for under the LDRs applicable to this final plat application, the applicant is proposing to "bond -out" for the remaining 24.77% of required improvements (utilities, roadways, 53