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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM .gb CONSENT AGENDA TO: Jason E. Brown; County Administrator THROUGH: Stan Boling, AICP; Community Development Director FROM: John W. McCoy, AICP; Chief, Current Development DATE: February 22, 2019 SUBJECT: DiVosta Homes, LP's Request for Final Plat Approval for The Lakes at Waterway Village PODs M, N, 0, & P [PD -17-09-06 / 2004010124-82753] It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of March 5, 2019. DESCRIPTION & CONDITIONS: The Lakes at Waterway Village PODs M, N, 0, & P is a phase within the Waterway Village planned development project and consists of 144 lots on 57.73 acres. It is located immediately east of 51st Court, north of 49th Street. The property is zoned PD (Planned Development), has an L-2 (Low Density 2 up to 6 units per acre) land use designation, and will have a density of 2.49 units per acre. On August 24, 2017, the Planning & Zoning Commission granted preliminary PD plan/plat approval for The Lakes at Waterway Village PODs M, N, 0, & P. The applicant is now seeking final plat approval for PODs M, N, 0, & P, having obtained a land development permit and commenced construction of the project. At this time, the applicant has built 76.15% of the required improvements that serve the PODs M, N, 0, & P area, is proposing to "bond -out" for the remaining 23.85% of the required improvements, and has submitted the following: 1. A final plat in conformance with the approved preliminary plat; 2. An Engineer's Certified Cost Estimate for the remaining required improvements; 3. A Contract for Construction of remaining required improvements; and 4. A letter of credit in the amount of $3,044,188.14 The Board is now to consider granting final plat approval for The Lakes at Waterway Village PODs M, N, 0, & P. C:\Users\legistar\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E8ODA6D3\@BCL@E8ODA6D3.rtf 34