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ANALYSIS: <br />Some, but not all, of the required improvements for Magnolia Court at Waterway Village PODs <br />H, I, & .J have been completed. As provided for under the LDRs applicable to this fmal plat <br />application, the applicant is proposing to "bond -out" for the remaining 24.49% of required <br />improvements (utilities, roadways, landscape, sidewalks). Public Works, Planning, and Utility <br />Services have reviewed and approved the submitted Engineer's Certified Cost Estimate for the <br />remaining improvements. The County Attorney's Office has reviewed and approved the <br />submitted Contract for Construction of Required Improvements. The proposed security <br />arrangement, which represents 125% of the estimated cost to construct the required <br />improvements, has been reviewed and approved by county staff. <br />All improvements within Magnolia Court at Waterway Village PD will be private, with the <br />exception of certain utilities facilities. Those utility facilities will be dedicated to and guaranteed <br />to Indian River County as required through the final plat and certificate of completion process. <br />In addition, a warranty and maintenance agreement will be required for the roads and stormwater <br />improvements, prior to issuance of a certificate of completion. <br />RECOMMENDATION: <br />Based on the above analysis, staff recommends that the Board of County Commissioners grant <br />fmal plat approval for Magnolia Court at Waterway Village PODs H, I, & J. <br />ATTACHMENTS: <br />1. Location Map <br />2. Final Plat Layout <br />55 <br />