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ANALYSIS: - SUBDIVISION: Some required improvements for the subdivision have been constructed; however, the subdivision construction is substantially incomplete. A Contract for Construction for Remaining Required Improvements has been submitted, as well as a Letter of Credit to secure the contract. The County Attorney's Office has reviewed and approved the submitted Contract for Construction and Letter of Credit, and the Public Works and Utilities Departments have reviewed and approved the submitted Engineer's Certified Cost Estimate. It should be noted that once all improvements have been completed and deemed acceptable, the developer will then submit a Warranty/Maintenance Agreement and post suitable security to guarantee the performance of the publicly dedicated improvements. - RIGHT-OF-WAY ACQUISITION (58th Avenue): The Public Works Department has determined that an additional 20' of right-of-way along the project's 58th Avenue (Kings Highway) frontage needs to be purchased now to implement the Thoroughfare Plan. The cost of this right-of-way to the County will be $8,478.15 (.4987 acre X $17,000/acre). The developer has requested that a portion of this amount be retained by the County and escrowed for construction of a required 5' sidewalk along 58th Avenue (Kings Highway). This required sidewalk is valued at $6,325.00 and, deducted from the required purchase amount for the right-of-way, $2,153.15 would remain. The funding for the right- of-way would come from District 4 and District 7 Traffic Impact Fee Fund, with $2,153.15 paid to the developer and $6,,325.00 transferred to the escrow account for sidewalk construction. Upon recording of the final plat, the deed for purchase of the right- of-way may then be recorded and the Plat Book and Page Number of the recorded plat deed will be inserted on the legal description of the right-of-way deed. With the submission of the above referenced documents and completion of the 58th Avenue right-of-way purchase, all applicable requirements regarding final plat approval and recording will be satisfied. RECOMMENDATION: Staff recommends that the Board of County Commissioners: 1. Grant final plat approval for the High Pines Subdivision; _ 2. Authorize the Chairman to execute the submitted Contract for Construction and accept the Letter of Credit, securing the _contract; 3. Authorize the Public Works additional 20' right-of-way for the District 4 and District 7 $8,478.151 $2,153.15 to be $6,325.00 to be transferred on .escrow account for construction 48 SEP 04 1990 Department to purchase the 58th Avenue with funds from Traffic Impact Fee Fund for paid to the developer and behalf of the developer -to of required sidewalks. AJCK `''IJ