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submitted Engineer's Certified Cost Estimate for the remaining improvements. The County Attorney's <br />Office has reviewed and approved the submitted Contract for Construction of Required Improvements. <br />The County Attorney's Office has received an acceptable letter of credit in the amount of $931,352.53 <br />to guarantee construction of the remaining required improvements. <br />All improvements within The Cove at Falcon Trace PD Plat 1 will be private, with the exception of <br />certain utilities facilities. Those utility facilities will be dedicated to and guaranteed to Indian River <br />County as required through the final plat and certificate of completion process. In addition, a warranty <br />and maintenance agreement for the roads and stormwater improvements and a Bill of Sale of Utility <br />Facilities, along with the acceptable 1 -yr warranty security for each will be required prior to issuance <br />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 Cove at Falcon Trace PD Plat 1. <br />ATTACHMENTS: <br />1. Application <br />2. Location Map <br />3. Final Plat Layout <br />4. Contract for Construction and Letter of Credit <br />C:\Users\legistar\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@ACOE6E95\@BCL@ACOE6E95.rtf 248 <br />