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3. 4. A Contract for Construction of Improvements; Required Subdivision A security agreement, acceptable to the County Attorney's Office, to guarantee the submitted Contract for Construction. ANALYSIS: The developer has obtained a land development permit for construction of the subdivision. However, not all of the required subdivision improvements have been completed as of this date (i.e. roadways, stormwater management, and utility services). The developer desires to proceed with recording the subdivision plat and proposes to "bond -out" for- construction of the remaining required subdivision improvements pursuant to --provisions of LDR section 913.10. A certified engineers cost estimate for completion of the remaining improvements has been reviewed and accepted by the Public Works Department and the county Utilities Department for sufficiency. The developer has submitted a Contract for Construction of Required Improvements and posted suitable security, approved by the County Attorney's Office, to guarantee the Contract. The contract, which is on a standard form approved by the county attorney's office, is to be executed by the developer prior to the February 21, 1995 Board meeting date. With these documents, the developer will have complied with the appropriate requirements to obtain final plat approval. RECOMMENDATION: Based upon the analysis performed, staff recommends that the Board of County Commissioners grant final plat approval for Stonebridge Subdivision phase 1, authorize the Chairman to execute the Contract for Construction, and accept the posted security to guarantee the Contract for Construction. ON MOTION by Commissioner Bird, SECONDED by Commissioner Eggert, the Board unanimously granted final plat approval for Stonebridge Subdivision Phase 1 and accepted the posted security to guarantee the Contract for Construction. COPY OF CONTRACT PLACED ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD w February 21, 1995 BON 94 PA1,,L •..DC7