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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. Brown; County Administrator DEPARTMENT HEAD CONCURRENCE: Stan Boling, ; Community Development Director THROUGH: John W. McCoy, AICP; Chief, Current Development FROM: Ryan Sweeney; Senior Planner, Current Developmen DATE: September 2, 2016 SUBJECT: Willows Development, LLC's Request for Final Plat Approval for a Plat -Over Site Plan Single -Family Development to be known as The Willows Phase 1 [SD -15-09-08 / 2006010188-77191] 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 & CONDITIONS: The Willows Phase 1 subdivision is the first phase of a two-phase plat -over site plan project. Phase 1 consists of 43 single-family lots on 11.27 acres, and is located at the northeast corner of 74th Avenue and 16' Street. The property is zoned RM -8, Residential Multiple -Family (up to 8 units/acre), and has an M-1, Medium Density Residential (up to 8 units/acre) land use designation. The density for The Willows Phase 1 is 3.82 units per acre. On January 14, 2016, the Planning and Zoning Commission granted major site plan and preliminary plat approval for The Willows. As of this time, the applicant has built 77.99% of the required project improvements, and has "bonded -out" for the remaining 22.01 % of the required improvements. The applicant has submitted the following: A 1. A final plat in conformance with the approved preliminary plat; 2. An Engineer's Certified Cost Estimate for the remaining required improvements; 3. A Contract for Construction of remaining required improvements; and 4. A letter of credit in the amount of $321,500.44. The Board is now to consider granting final plat approval for The Willows Phase 1. F•\Community Development\CUrDev\Final Plats\BCC staffreports\2016 FPrpts\TheWillowsPhaselSD-15-09-08.docx 1 146