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ANALYSIS: Most, but not all, of the required Harmony Reserve PD Phase 1 A required subdivision 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 15.19% of required Harmony Reserve PD Phase IA improvements (utilities, drainage, landscaping, and roadways). Public Works, Utility Services, and Planning have reviewed and approved the submitted Engineer's Certified Cost Estimate for the remaining Harmony Reserve PD Phase 1A improvements. The County Attorney's Office has reviewed and approved the submitted Contract for Construction of Required Improvements and letter of credit in the amount of $331.419.20. The contract for construction and security arrangement, which represents 125% of the estimated cost to construct the remaining required improvements, have been executed by the County Administrator and will be effective upon final plat approval. It should be noted that all improvements within Harmony Reserve PD Phase 1A will be private, with the exception of certain utilities facilities. Those utility facilities will be dedicated to and guaranteed to Indian River County as required by the Utility Services Department. RECOMMENDATION: Based on the above analysis, staff recommends that the Board of County Commissioners grant final plat approval for Harmony Reserve PD Phase 1A. ATTACHMENTS: 1. Application 2. Location Map 3. Plat Layout 4. Contract for Construction of Required Improvements and Letter of Credit APPROVED AGENDA ITEM: FOR April 19, 2016 BYJj A• (5aLiel Indian River Co, Approved Date Admin. I' , x1/440 (a Legal 1 ''• Budget e ,5 ) 4Il)ll. Dept. IF y//2%/w Risk Mgr. F \Community Development\CurDev\Final Plats\BCC staff reports\2016FPrptsWarmonyReservePDPhase1A.rtf 2 69