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ANALYSIS: <br />Some, but not all, of the required improvements for The Lakes at Waterway Village PODS S and <br />T 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 23.88% 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 County Attorney's Office anticipates receipt <br />of an acceptable letter of credit in the amount of 125% of the cost of construction for the <br />remaining required improvements prior to the May 15th BCC meeting. <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 final plat and certificate of completion process. In <br />addition, a warranty and maintenance agreement will be required for the roads and stormwater <br />improvements, and acceptable security 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 <br />final plat approval for The Lakes at Waterway Village PODs S and T. <br />ATTACHMENTS: <br />1. Application <br />2. Location Map <br />3. Final Plat Layout <br />4. Contract for Construction of Required Improvements (Letter of Credit to be provided prior to <br />meeting) <br />C:\Users\legistar\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@8COD47B5\@BCL@8COD47B5.rtf 87 <br />