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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason Brown; County Administrator DEPARTMENT HEAD CONCURRENCE: Stan Boling, AI P; ommunity Development Director FROM: John W. McCoy, AICP; Chief, Current Development DATE: September 2, 2016 SUBJECT: SLV Millstone, LLC's Request for Final Plat Approval for Millstone Landing PD Phases 4, 5, and 6 [PD -04-04-08 / 2003100068-76768] It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of September 20, 2016. DESCRIPTION, BACKGROUND & CONDITIONS: The Millstone Landing PD Phases 4, 5, and 6 represent the remaining phases of the Millstone Landing PD. Phases 4, 5, and 6 consist of 243 lots on 97.34 acres resulting in a density of 2.50 units/acre. Located on south side of 17th Street SW west of'27th Avenue SW, the overall Millstone Landing PD project is proposed to be developed in 6 phases, is zoned RS -3 (Residential Single -Family up to 3 units/acre), and has an L-1 (Low Density 1 up to 3 units/acre) land use designation. Phases 1, 2, and 3 are located between 17th Street SW and 21" Street SW and have been significantly developed with single-family homes. Phases 4, 5, and 6 are located south of 21" Street SW. The density for the overall Millstone Landing PD project is 2.27 units per acre. There is a developer's agreement related to the overall project that controls the timing of some required off-site improvements. That agreement, approved by the Board July 12, 2005, allows the County to withhold issuance of building permits if certain improvement thresholds are not met. Currently, the agreement is being updated and revised by the applicant and County staff and will be presented to the Board at a future meeting for Board consideration and approval. On November 18, 2004, the Planning & Zoning Commission granted conditional preliminary PD plan/plat approval for all phases of the Millstone Landing PD. The applicant subsequently obtained a land development permit and commenced construction on the improvements. As of this time, for phases 4, 5, and 6 the applicant has built 98% of the required on-site subdivision improvements, and has "bonded -out" for the remaining 2% of the required improvements. One of the conditions of PD approval is to improve 23`d Street SW that is adjacent to the southern perimeter of phases 4, 5, and 6. The 23`d Street SW off-site improvement is not complete at this time and the applicant is "bonding out" to secure that improvement. The applicant has submitted the following: 1. A final plat in conformance with the approved preliminary PD plan/plat for phases 4, 5, and 6; 2. An Engineer's Certified Cost Estimate for the remaining required subdivision improvements for phases 4, 5, and 6; 116 FACommunity Development\CurDev\Final Plats\BCC staff reports\2016 FPrpts\Mi11stone4-6.rtf