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?E INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. BrCounty Administrator THROUGH: Stan Boling, AICP; Community Development Director rA FROM: John W. McCoy, AICP; Chief, Current Development DATE: May 25, 2017 SUBJECT: DiVosta Homes, LP's Request for Final Plat Approval for The Lakes at Waterway Village POD 3R [PD -16-03-02 / 2004010124-78246 It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of June 6, 2017. DESCRIPTION & CONDITIONS: The Lakes at Waterway Village POD 3R is a phase within the Waterway Village planned development project and consists of 88 lots on 26.2 acres. It is located east of 5111 Court, south of 53`d Street, and adjacent to a portion of the future 43d Avenue extension. The property is zoned PD (Planned Development), has an L-2 (Low Density 2 up to 6 units per acre) land use designation, and will have a density of 3.36 units per acre. On April 14, 2016, the Planning & Zoning Commission granted preliminary PD plan/plat approval for The Lakes at Waterway Village POD 31;, which contains 88 lots on 26.2 acres. The applicant is now seeking final plat approval for POD 3R, having obtained a land development permit and commencing construction of the project. At this time, the applicant has built 77.07% of the required improvements that serve the POD 3R area, is proposing to "bond -out" for the remaining 22.93% of the required improvements, and has submitted the following: T. 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 $447,439.71 The Board is now to consider granting final plat approval for The Lakes at Waterway Village POD 3R. FACommunity DevelopmenACurDevOnal P1ats\BCC staffreporGs12017 FPrptsU akesatWWVPOD3R(78246).rtf P43