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ANALYSIS: <br />Some, but not all, of the required project improvements have been completed. As provided for under <br />the LDRs applicable to this final plat application, the applicant is proposing to "bond -out" the <br />remaining 22.01% of required project improvements (drainage, landscaping, roadways, utilities). <br />Public Works, Utility Services, and Planning have reviewed and approved the submitted Engineer's <br />Certified Cost Estimate for the remaining project improvements. The County Attorney's Office has <br />reviewed and approved the submitted Contract for Construction of Required Improvements. The <br />proposed security arrangement, which represents 125% of the estimated cost to construct the required <br />improvements, has been reviewed and approved by county staff. <br />All improvements within The Willows Phase 1 will be private, with the exception of certain utilities <br />facilities. Those utility facilities will be dedicated to and guaranteed to Indian River County as required <br />by the Utility Services Department. In addition, a warranty and maintenance agreement will be <br />required for the roads and stormwater improvements, prior to issuance of a Certificate of Completion. <br />RECOMMENDATION: <br />Based on the above analysis,- staff recommends that the Board of County Commissioners grant final <br />plat approval for The Willows Phase 1. <br />ATTACHMENTS: <br />1. Application <br />2. Location Map <br />3. Final Plat Layout <br />4. Contract for Construction of Required Improvements with Letter of Credit <br />APPROVED AGENDA ITEM: <br />Indian River Co, <br />Admin. <br />AppWved Date <br />9 <br />Legal <br />A , f cj , 6 <br />Budget <br />q --t q <br />Dept. <br />Risk Mgr. <br />FACommunity Development\CurDev\Final Plats\BCC staff reports\2016 FPrpts\TieWillowsPhaselSD-15-09-08.doex 2 147 <br />