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INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />/71.-. A .1, <br />TO: Jason E. Brown; County Administrator <br />THROUGH: Roland M. DeBlois, AICP; Interim Community Development Director <br />FROM: John W. McCoy, AICP; Chief, Current Development <br />DATE: July 16, 2019 <br />SUBJECT: Harmony Reserve, LLC's Request for Final Plat Approval for Harmony Reserve <br />PD Phase 3 [PD -14-10-12 / 97080101-84222] <br />It is requested that the data herein presented be given formal consideration by the Board of <br />County Commissioners at a special call meeting of July 23, 2019. <br />DESCRIPTION & CONDITIONS: <br />Harmony Reserve is a planned residential development (PD) located west of 58th Avenue <br />between 33rd Street and 37th Street. Harmony Reserve Phase 3 represents the third of four phases <br />of the overall Harmony Reserve PD. Phase 3 consists of 116 lots on 32.24 acres, resulting in a <br />density of 3.59 units/acre for the phase. Harmony Reserve PD is zoned RS -3 (Residential <br />Single -Family up to 3 units / acre), and has an L-2 (Low Density 2 up to 6 units / acre) land use <br />designation. The overall density for the Harmony Reserve PD project is 3.30 units per acre. The <br />final plat application for Phase 3 is on file with the Planning Division. <br />On January 12, 2018, the Board of County Commissioners granted concurrent conceptual special <br />exception PD plan approval and preliminary PD plat approval to modify Harmony Reserve PD <br />Phases 3 and 4. Phases 1 and 2, originally approved by the Board October 7 2014, have been <br />platted and the subdivision improvements for those phases have been completed. Currently, the <br />applicant has obtained a land development permit and has commenced construction of Phase 3 <br />improvements. As of this time, the applicant has built more than 75% of the required Phase 3 <br />improvements, and has "bonded -out" for the remaining improvements. The applicant has <br />coordinated with staff to provide the following: <br />1. A Phase 3 final plat in conformance with the approved preliminary plat; <br />2. An Engineer's Certified Cost Estimate for the Phase 3 remaining required improvements; <br />and <br />3. An executed Contract for Construction of Phase 3 remaining required improvements, <br />with a letter of credit for 125% of the cost of construction for the remaining required <br />improvements. <br />1 <br />