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nil INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. Brown; County Administrator THROUGH: Roland M. DeBlois, AICP; Interim Community Development Director I THROUGH: John W. McCoy, AICP; Chief, Current Development FROM: Scott Rodriguez; Senior Planner, Current Development DATE: November 5, 2019 SUBJECT: Arcadia Vero Beach, LLC's Request for Final Plat Approval for a Subdivision to be Known as Arcadia Subdivision — Phase 2 [SD -15-11-09 / 2001010025-84441] I It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at itsiregular meeting of November 19, 2019. i DESCRIPTION & CONDITIONS: The Arcadia Subdivision — Phase 2 subdivision is the second phase of a two-phase conventional subdivision project. Phase 2 consists of 43 single-family lots on 15.79 acres, and is located on the south side of 37th Street, between 58th Avenue and 66th Avenue (see attachment 1). The property is zoned RS - 3, Residential Single Family (up to 3 units/acre), and has an L-1, Low -Density Residential -1 (up to 3 units/acre) land use designation. The density for Arcadia Subdivision — Phase 2 is 2.72 units per acre, and the overall project density is 2.01 units per acre. On December 10, 201.5, the Planning and Zoning Commission granted preliminary plat approval for the Arcadia subdivision. As of this time, the applicant has constructed 89.09% of the required project improvements for Phase 2, and has "bonded -out" for the remaining 10.91% of the required Phase 2 improvements. The applicant has coordinated with staff and provided the following for Phase 2: 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 forlConstruction of remaining required improvements; and 4. A letter of credit in the amount of $85,972.18. The Board is now to consider granting final plat approval for Arcadia Subdivision — Phase 2. 12