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ME INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. Brown; County Administrator THROUGH: Stan Boling, AICP; Community Development Director FROM: John W. McCoy, AICP; Chief, Current Development DATE: November 27, 2018 SUBJECT: D. R. Horton Inc.'s Request for Final Plat Approval for The Cove at Falcon Trace PD Plat 1 [PD -14-07-06 / 2001050202-80548] It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of December 18, 2018. DESCRIPTION & CONDITIONS: The Cove at Falcon Trace is a planned development project; the first phase (Plat 1) consists of 151 lots on 76 acres. The Plat 1 area is located east of 27th Avenue SW, just south of 21St Street SW, is zoned RS -6 (Residential Single -Family up to 6 units per acre), has an L-2 (Low Density 2 up to 6 units per acre) land use designation, and will have a density of 1.99 units per acre. On June 26, 2014, the Planning & Zoning Commission granted preliminary PD plan/plat approval for The Cove at Falcon Trace, which contains 258 lots on 135.24 acres in three phases. The overall site is located between 201h and 27th Avenues SW and south of 21" Street SW. The applicant is now seeking final plat approval for the first phase (Plat 1), having obtained a land development permit and commenced construction of the first phase. At this time, the applicant has built 83.1 % of the required improvements that serve The Cove at Falcon Trace PD Plat 1, is proposing to "bond -out" for the remaining 16.9% of required improvements, and has submitted the following: 1. A final plat in conformance with the approved preliminary PD plan/plat; 2. An Engineer's Certified Cost Estimate for the remaining required improvements; and 3. A Contract for Construction of remaining required improvements, and letter of credit. The Board is now to consider granting final plat approval for The Cove at Falcon Trace PD Plat 1. ANALYSIS: Some, but not all, of the required improvements for The Cove at Falcon Trace PD Plat 1 have been completed. As provided for under the LDRs applicable to this final plat application, the applicant is proposing to "bond -out" for the remaining 16.9% of required improvements (utilities, roadways, landscape, sidewalks). Public Works, Planning, and Utility Services have reviewed and approved the C:\Users\legistar\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@ACOE6E95\@BCL@ACOE6E95.rtf 147