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ANALYSIS: <br />Some, but not all, of the required project improvements have been completed. As provided for under <br />the LDRs applicableilto this final plat application, the applicant is proposing to "bond -out" the remaining <br />10.91% of required :project improvements (drainage, landscaping, roadways, utilities). Public Works, <br />Utility Services, and Planning have reviewed and approved the submitted Engineer's Certified Cost <br />Estimate for the remaining project improvements. The County Attorney's Office has reviewed and <br />approved both the Contract for Construction of Required Improvements and the letter of credit in the <br />amount of 125% of the cost of construction for the remaining required improvements. <br />All improvements within Arcadia Subdivision — Phase 2 will be private, with the exception of certain <br />utilities facilities. Prior to issuance of a Certificate of Completion, those utilities facilities will be <br />dedicated and warrantied to Indian River County as required by the Utility Services Department with <br />supporting warranty security posted. In addition, a warranty and maintenance agreement with supporting <br />warranty security will be required for the roads and stormwater improvements, prior to issuance of a <br />Certificate of Completion. <br />RECOMMENDATION: <br />I <br />Based on the above analysis, staff recommends that the Board of County Commissioners grant final plat <br />approval for Arcadia (Subdivision — Phase 2. <br />ATTACHMENTS: <br />1. Location Map <br />2. Final Plat Layout <br />13 <br />