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ANALYSIS: Most, but not all, of the required project improvements have been completed. As provided for under the LDRs applicable to this final plat application, the applicant will be "bonding -out" the remaining 18.77% of required project improvements (drainage, landscaping, roadways, utilities). Public Works, Utility Services, and Planning have reviewed and approved the submitted Engineer's Certified Cost Estimate for the remaining project improvements. Staff anticipates receipt of the Contract for Construction of Required Improvements and an acceptable letter of credit in the amount of 125% of the cost of construction for the remaining required improvements prior to the December 181h Board meeting. However, because the December 18th meeting is the last meeting of the calendar year, those items may be provided after the December 181h meeting. The contract for construction will be executed by the County Administrator once the acceptable security has been received and approved by the County Attorney's Office. The final plat will not be executed by the Chairman of the Board until these items have been addressed. All improvements within The Willows Phase 2 will be private, with the exception of certain utility facilities. Those utility facilities will be dedicated to and guaranteed to Indian River County as required by the Utility Services Department. RECOMMENDATION: Staff recommends that the Board grant final plat approval for The Willows Phase 2, subject to final review, approval, and signoff of a Contract for Construction of Required Improvements and acceptable letter of credit by the County Attorney's Office. ATTACHMENTS: 1. Application 2. Location Map 3. Final Plat Layout C:\Users\legistar\AppData\L4ocal\Temp\BCL Technologies\easyPDF 8\@BCL@440E6294\@BCL@440E6294.docx 85 2