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The Board is now to consider granting final plat approval for The Reserve at Vero Beach PD <br />Phase 2. <br />ANALYSIS: <br />Most but not all of the Phase 2 required subdivision improvements have been completed. As <br />provided for under the LDRs applicable to this final plat application, the applicant is proposing <br />to "bond -out" for the remaining required improvements (utility, paving, drainage, and <br />landscape). Public Works, Utilities, and Planning have reviewed and approved the submitted <br />Engineer's Certified Cost Estimate for the remaining improvements. The County Attorney's <br />Office has reviewed and approved the submitted Contract for Construction of Required <br />Improvements. The proposed security arrangement, which represents 125% of the estimated cost <br />to construct the remaining Phase 2 required improvements, has been reviewed and approved by <br />county staff. It should be noted that all improvements within The Reserve at Vero Beach PD <br />will be private, with the exception of certain utilities facilities. Those utility facilities will be <br />dedicated to and guaranteed to Indian River County as required, through the certificate of <br />completion process. In addition, a warranty and maintenance agreement will be required for the <br />paving and stormwater improvements, prior to issuance of a certificate of completion. <br />Legal provisions for utilities, drainage, and access are being handled through a combination of <br />public utility easements and private reciprocal easements. The proposed easements in Phase 2 <br />will integrate Phase 2 improvements with other improvements serving the overall project. <br />County staff, including the County Attorney's Office, has reviewed and approved the Phase 2 <br />final plat format and determined that all applicable final plat requirements are satisfied. <br />RECOMMENDATION: <br />Staff recommends that the Board of County Commissioners grant final plat approval for The <br />Reserve at Vero Beach PD Phase 2. <br />ATTACHMENTS: <br />1. Application <br />2. Location Map <br />3. Final Plat Graphic <br />4. Contract for Construction with Copy of LOC <br />APPROVED AGENDA ITEM: <br />1X11 111M <br />BY: <br />Indian River Co, <br />ApproXed Date <br />Admin. <br />/p a 7,//(,, <br />Legal <br />/ 6 <br />Budget <br />Dept. <br />,/i� 14f 12 5 - <br />Risk <br />Risk Mgr. <br />FACommunity Development\CurDev\Final Plats\BCC staffreports\2016 FPrpts\ReserveatVBPhase2PD(PD-14-06-04).doc 2 57 <br />772-794-4100 <br />PHONE NUMBER <br />PHONE NUMBER <br />