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ANALYSIS: <br />Some, but not all, of the required improvements for The Lost Tree Preserve PD, Phase 1 have been <br />completed. As provided for under the LDRs applicable to this final plat application, the applicant is <br />proposing to "bond -out" for the remaining 3% of required improvements (utilities, roadways, and <br />landscape). Public Works, Planning, and Utility Services have reviewed and approved the submitted <br />Engineer's Certified Cost Estimate for the remaining improvements. The County Attorney's Office <br />has 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 <br />required improvements, has been reviewed and approved by county staff. <br />All improvements within Lost Tree Preserve PD will be private, with the exception of certain utility <br />facilities. Those utility facilities will be dedicated to, and guaranteed to Indian River County as <br />required through the final plat and certificate of completion process. In addition, a warranty and <br />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 final <br />plat approval for The Lost Tree Preserve PD, Phase 1. <br />ATTACHMENTS: <br />1. Application <br />2. Location Map <br />3. Final Plat Layout <br />4. Contract for Construction of Required Improvements <br />5. Cash Deposit and Escrow Agreement <br />C:\Users\legistar\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@4C258760\@BCL@4C258760.rtf 122 <br />