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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: June 7, 2019 SUBJECT: DiVosta Homes, LP's Request for Final Plat Approval for Magnolia Court at Waterway Village PODs H, I, & J [PD -17-11-08 / 2004010124-83767] It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of June 18, 2019. DESCRIPTION & CONDITIONS: The Magnolia Court at Waterway Village PODs H, I, & J is a phase within the Waterway Village planned development project and consists of 76 lots on 25.96 acres. It is located adjacent to and on both sides of 515` Court immediately south of 53rd 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 2.93 units per acre. The subject final plat application is on file with the Planning Division. On November 9, 2017, the Planning & Zoning Commission granted preliminary PD plan/plat approval. for Magnolia Court at Waterway Village PODs H, I, & J. The applicant is now seeking fmal plat approval for PODs H, I, & J, having obtained a land development permit and commenced construction of the project. At this time, the applicant has built 75.51% of the required improvements that serve the PODs H, I, & J area, is proposing to "bond -out" for the remaining 24.49% 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 $777,565.63 The Board is now to consider granting final plat approval for Magnolia Court at Waterway Village PODs H, I, & J. 54