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ANALYSIS: <br />Some, but not all, of the required improvements for The Lakes at Waterway Village POD U have <br />been completed. As provided for under the LDRs applicable to this final plat application, the <br />applicant is proposing to "bond -out" for the remaining 24.85% of required improvements <br />(utilities, roadways, landscape, sidewalks). Public Works, Planning, and Utility Services have <br />reviewed and approved the submitted Engineer's Certified Cost Estimate for the remaining <br />improvements. The County Attorney's Office has reviewed and approved the submitted Contract <br />for Construction of Required Improvements. The security arrangement, which represents 125% <br />of the estimated cost to construct the remaining required improvements, has been reviewed and <br />approved by county staff. <br />All improvements within The Lakes at Waterway Village POD U will be . private, with the <br />exception of certain utility 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 />final plat approval for The Lakes at Waterway Village POD U. <br />ATTACHMENTS: <br />1. Location Map, <br />2. Final Plat Layout <br />56 <br />