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ANALYSIS: <br />Some, but not all, of the required improvements for The Lakes at Waterway Village POD 3R <br />have been completed. As provided for under the LDRs applicable to this final plat application, <br />the applicant is proposing to "bond -out" for the remaining 22.93% of required improvements <br />(utilities, roadways, landscape, sidewalks). Public Works, Planning, and Utility Services have <br />reviewed and approved the submitted Engineer's Certified Cost Estimate for the remaining <br />improvements. The County Attorney's Office has reviewed and approved the submitted Contract <br />for Construction of Required Improvements. The proposed security arrangement, which <br />represents 125% of the estimated cost to construct the required improvements, has been reviewed <br />and approved by county staff. <br />All improvements within The Lakes at Waterway Village PD will be private, with the exception <br />of certain utilities facilities. Those utility facilities will be dedicated to and guaranteed to Indian <br />River County as required through the certificate of completion process. In addition, a warranty <br />and maintenance agreement will be required for the roads and stormwater improvements, prior to <br />issuance of a certificate of completion. <br />RECOMMENDATION: <br />Based on the above analysis, staff recommends that the Board of County Commissioners grant <br />final plat approval for The Lakes at Waterway Village POD 3R. <br />ATTACHMENTS: <br />1. Application <br />2. Location Map <br />3. Final Plat Layout <br />4. Contract for Construction of Required Improvements <br />FACDmmunity DevelopmenACurDev\Final Plab\BCC staffreports1201'7 FPrptsV akesatWWVP0D3R(78246).rtf 2 <br />P44 <br />