Laserfiche WebLink
3. An executed Contract for Construction of remaining required subdivision improvements and <br />financial security in the form of a letter of credit in the amount of $ 162,405.00; <br />4. An Engineer's Certified Cost Estimate for completing 23`d Street SW improvements; and <br />5. An executed Agreement Concerning Offsite 23`d Street SW Roadway Improvements and <br />financial security in the form of a letter of credit in the amount of $295,307.58. <br />The Board is now to consider granting final plat approval for Millstone Landing PD phases 4, 5, and 6. <br />ANALYSIS: <br />Most, but not all, of the required on-site subdivision improvements have been completed. As provided <br />in the LDRs for a final plat application, the applicant is proposing to "bond -out" for the remaining 2% <br />of required improvements (utilities, drainage, landscaping, and roadways). Public Works, Utility <br />Services, and Planning have reviewed and approved the submitted Engineer's Certified Cost Estimate <br />for the remaining on-site improvements, and an Engineer's Certified cost estimate for the off-site 23`d <br />Street SW improvements. The County Attorney's Office has reviewed and approved the submitted <br />Contract for Construction of Required Improvements (on-site subdivision improvements) and the <br />Agreement Concerning off-site 23`d Street SW Roadway Improvements. The contract for construction <br />and security arrangement, which represent 125% of the estimated cost to construct the remaining <br />required on-site improvements, has been executed by the County Administrator and will be effective <br />upon final plat approval. The Agreement Concerning Off-site 23`d Street SW for Roadway <br />Improvements and security arrangement for 115% of the estimated cost to construct the roadway is <br />presented herewith for Board approval. <br />It should be noted that all improvements within Millstone Landing PD phases 4, 5, and 6 will be <br />private, with the exception of certain utility facilities. Those utility facilities will be dedicated to and <br />guaranteed to Indian River County as required by the Utility Services Department under separate <br />procedures. <br />RECOMMENDATION: <br />Based on the above analysis, staff recommends that the Board of County Commissioners grant final <br />plat approval for Millstone Landing PD phases 4, 5, and 6, and authorize the Chairman to execute the <br />Agreement Concerning off-site 23`d Street SW Roadway Improvements. <br />ATTACHMENTS: <br />1. Application <br />2. Location Map <br />3. Plat Layout <br />4. Contract for Construction of Required Improvements (on-site subdivision) <br />5. Agreement Concerning Off-site 23`d Street SW for Roadway Improvements <br />APPROVED AGENDA ITEM: <br />FOR: <br />BY: <br />Indian River Co, <br />Approv d <br />Date <br />Admin. <br />Legal <br />T -) "1 16 <br />Budget <br />�M S <br />Cl -(LA-( <br />Dept. <br />/h5 <br />Q'11VIA, <br />Risk Mgr. <br />FACommunity Development\CurDev\Final Plats\BCC staff reports\2016 FPrpts\Mi11stone4-6.rtf <br />117 <br />