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The Board is now to consider granting final plat approval for Harmony Reserve PD Phase 1 B. <br /> ANALYSIS: <br /> Most, but not all, of the Harmony Reserve PD Phase 1 B required subdivision improvements have <br /> been completed. As provided for under the LDRs applicable to this final plat application, the <br /> applicant is proposing to "bond-out" for the remaining required Harmony Reserve PD Phase IB <br /> improvements (utilities, drainage, landscaping, and roadways). Public Works, Utility Services, <br /> and Planning anticipate final review and approval of the Engineer's Certified Cost Estimate for <br /> the remaining Harmony Reserve PD Phase 113 improvements prior to the July 12th meeting. The <br /> County Attorney's Office anticipates final review and approval of the Contract for Construction <br /> of Required Improvements and receipt of an acceptable letter of credit in the amount of 125% of <br /> the cost of construction for the remaining required improvements prior to the July 121h meeting. <br /> The contract for construction and security arrangement, which represent 125% of the estimated <br /> cost to construct the remaining required improvements, will be executed by the County <br /> Administrator and will be effective upon final plat approval. It should be noted that all <br /> improvements within Harmony Reserve PD Phase IB will be private, with the exception of <br /> certain utilities facilities. Those utility facilities will be dedicated to and guaranteed to Indian <br /> River County as required by the Utility Services Department. <br /> RECOMMENDATION: <br /> Based on the above analysis, staff recommends that the Board of County Commissioners grant <br /> final plat approval for Harmony Reserve PD Phase 1 B. <br /> ATTACHMENTS: <br /> 1. Application <br /> 2. Location Map <br /> 3. Plat Layout <br /> 4. Contract for Construction of Required Improvements and Letter of Credit (to be provided <br /> prior to meeting) <br /> Indian River Co, Approv d Date <br /> APPROVED AGENDA ITEM: Admin. 6 (� <br /> Legal <br /> FOR: July 12 20A6 <br /> Budget <br /> BY: Dept. <br /> __CT Risk Mgr. <br /> 252 <br /> FACommunity Development\CurDev\Final Plats\BCC staff reports\2016FPrpts\HarmonyReservePDPhaseI B-Kathy.rtf 2 <br />