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INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: Joseph A Baird; County Administrator <br />DEPARTMENT HEAD CONCURRENCE: <br />Stan Boling, AM"; Community Development Director <br />FROM: John W. McCo , AICP; Chief, Current Development <br />DATE: June 7, 2016 <br />SUBJECT: DiVosta Homes, LP's Request for Final Plat Approval for a Subdivision to be known as <br />The Lakes at Waterway Village 2A-1 [PD -11-09-02 / 2004010124-75532] <br />It is requested that the data herein presented be given formal consideration by the Board of County <br />Commissioners at its regular meeting of June 14, 2016. <br />DESCRIPTION & CONDITIONS: <br />The Lakes at Waterway Village 2A-1 PD is a planned development project consisting of 58 lots on <br />30.77 acres and is located east of 51s' Court and south of 53`d Street. The property is zoned PD <br />(Planned Development), and has an L-2 (Low Density 2 up to 6 units per acre) land use designation. <br />The density for The Lakes at Waterway Village 2A-1 is 1.88 units per acre. <br />On February 9, 2012, the county granted preliminary PD plan/plat approval for The Lakes at <br />Waterway Village 2A and 3A PD project, which contains 129 lots on 69.7 acres. Through an <br />administrative approval, The Lakes at Waterway Village 2A and 3A were reduce to 126 lots. The <br />applicant is now seeking final plat for 2A-1, which is a sub -phase of 2A. The applicant subsequently <br />obtained a land development permit and commenced construction of the project. At this time, the <br />applicant has built 77.01% of the required improvements that serve the phase 2A-1 area, is proposing <br />to "bond -out" for the remaining 22.99% of the required improvements, and has submitted the <br />following: <br />1. A final plat in conformance with the approved preliminary plat; <br />2. An Engineer's Certified Cost Estimate for the remaining required improvements; <br />3. A Contract for Construction of remaining required improvements; and <br />4. A letter of credit in the amount of $757,332.24. <br />FACommunity Development\CurDev\Final Plats\BCC staff reports\2016FPrptsU akesatWWVPlat2A-1(75532).rtf 1 <br />130 <br />