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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. Brown; County Administrator DEPARTMENT HEAD CONCURRENCE: Stan Boling, AI ,Community Development Director FROM: John W. McCoy; ICP; Chief, (Current Development DATE: November 7, 2016 SUBJECT: DiVosta Homes,. LP's Request for Final Plat Approval for The Lakes at Waterway Village 2A-2 PD [PD -11-09-02 / 2004010124-77526] It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of November 22, 2016. DESCRIPTION & CONDITIONS: The Lakes at Waterway Village 2A-2 PD is a planned development project consisting of 68 lots on 38.93 acres and is located east of 51" Court and south of 53rd Street. The property is zoned PD (Planned Development), and has an L-2 (Low Density 2 up to 6 units per acre) land use designation. The density for The Lakes at Waterway Village 2A-2 is 1.75 units per acre. On February 9, 2012, the county granted preliminary PD plan/plat approval for The Lakes at Waterway Village 2A and 3A PD project, which contains 129 lots on 69.7 acres. Through an administrative approval, The Lakes at Waterway Village 2A and 3A were reduced to 126 lots. The applicant is now seeking final plat approval for 2A-2, which is the final sub -phase of 2A. The applicant has.obtained a land development permit and commenced construction of the project. At this time, the applicant has built 82.16% of the required improvements that serve the phase 2A-2 area, is proposing to "bond -out" for the remaining 17.84% of the required improvements, and has submitted the following: 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 for Construction of remaining required improvements; and 4. A letter of credit in the amount of $637,355.46. FACommunity Development\CurDev\Final Plats\BCC staffreports\2016 FPrpts\LakesatWWVP1at2A-2(77526).rtf 1 46