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F, JUL a 199.0 BOOK PROPOSED DEVELOPMENT AND LOCATION: Ocean Oaks subdivision is a proposed 19 lot subdivision of a + 11.54 acre parcel of land located at 1800 South State Road A -1-A, immediately south of Genesea Subdivision. The subject property is zoned RS -3, Single -Family Residential (up to 3 units/acre) and has an L-1, Low Density (up to 3 units/acre) land use designation. The proposed building density is ± 1.65 units/acre. At its regular meeting of July 27, 1989, the Planning and Zoning Commission granted preliminary plat approval for the subdivision. The owner's agent, McQueen and Associates, Inc., is now requesting final plat approval and has submitted the following: 1. a final plat in conformance with the approved preliminary plat; 2. a contract for construction of required improvements; 3. a Cash Deposit and Escrow Agreement securing the contract; and 4. an agreement between the applicant and Indian River County regarding the construction of the sidewalk. ANALYSIS: The required improvements, with the exception of the sidewalk along State Road A -1-A, and one hundred eleven (111) square yards of cobblestone paving at the entrance to the subdivision, have been constructed by the developer and have been inspected and deemed acceptable by the Public Works Department and Utilities Departments. A contract for construction for the cobblestone paving has been submitted, as well as a cash deposit and escrow agreement to secure the construction contract. The County Attorney's office has reviewed and approved the submitted contract for construction and cash deposit and escrow agreement. The applicant has requested permission to pay off, rather than escrow, their sidewalk obligation along State Road A -1-A. There are presently no sidewalks north or south of the subject site and the applicant feels that construction of the sidewalk would be an unused improvement. The applicant wishes to enter into an agreement with the county to pay the estimated cost of the improvement and allow the county to determine the timing of the construction of the sidewalk. The Public Works department and County Attorney's Office have reviewed and deemed acceptable the sidewalk agreement. RECOMMENDATION: Staff recommends that the Board of County Commissioners grant final plat approval for the Ocean Oaks Subdivision, approve the agreement between the D -Y Associates, Inc., and Indian River County allowing D -Y Associates, Inc., to pay off their sidewalk obligation, and authorize the Chairman to execute the submitted contract for Construction of required improvements, and accept the cash deposit and escrow agreement which guarantees the construction contract. 10 _I