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ORDINANCE NO. 2013 - WHEREAS, the time is fast approaching where the developers are at the ,%NW end of their 1 -time, 2 -year extension which was approved by the Board, and due to market conditions not being at a point where lots are being steadily sold and residences constructed, it has become apparent that there is a need to amend the code to assist the developers that are operating under the sid walk bonding -out regulations that were in effect prior to 2009, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that Section 913.09, Design standards and requirements, of the Indian River County Code is hereby amended as follows: SECTION 1. Section 913.09(5)(b)2.e, Timing, is amended to read: e. Timing. The developer shall be responsible for providing his required internal sidewalk segment(s) in compliance with subsections 913.09(5)(b)2.b. and 913.09(5)(b)2.d.i. above, prior to receiving a certificate of completion for required subdivision improvements with the following exceptions: i. The developer may delay construction of the required sid walk segment(s) beyond the final plat approval date of the corresponding subdivision development if such delay is needed to accommodate development of the common area or meet sidewalk requirements for multiple phase projects. I the developer qualifies for delay and elects to delay, then the developer shall provide a completed contract for construction for remaining required sidewalk improvements and post security to guarantee the completed contract in conforrr ance with subsection 913.10(1). The construction contract shall be for a period of two (2) years and may be extended subject to payment of the applicable extension fee adopted by the board of county commissioners and the conditions and timefr mes provided in these regulations. The construction contrac and security arrangement may provide for annual reductions in the posted security amount based on completed and insp cted sidewalk segments. Reduction requests are subject to payment of the applicable reduction fee adopted by the board of c unty commissioners and the conditions and timeframes provi ed in these regulations. The developer may delay construction Of the required common area sidewalk segment(s) for a period of up to four (4) years following final plat approval. For hose subdivisions platted before September 8 2009 with [Mc rd to re uired sidewalks fronting and/or contiguous to individual lots a 2-vear extension not to exceed December 12. 2016 m v be granted so long as a vara siaewalK existence as of August 20, 2013, Coding: Words/letters underscored are additions to text; words/letters in efroLcoth format are deletions to text. ATTAHMENT 4 179