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& C , <br />INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: Jason E. Brown; County Administrator <br />THROUGH: Phillip J. Matson, AICP; Community Development Director <br />THROUGH: Ryan Sweeney; Chief, Current Development <br />FROM: Patrick J. Murphy, Senior Planner, Current Development <br />DATE: May 6, 2022 <br />SUBJECT: DiVosta Homes, LP's Request for Final Plat Approval for The Preserve at Waterway <br />Village PD POD "V" [PD -19-03-02 / 2004010124-90233] <br />It is requested that the data herein presented be given formal consideration by the Board of County <br />Commissioners at its regular meeting of May 17, 2022. <br />DESCRIPTION & CONDITIONS: <br />The Preserve at Waterway Village PD POD "V" is a phase located within the overall Waterway <br />Village PD, and consists of 102 lots on 64.79 acres, resulting in a density of 1.57 units per acre. It is <br />located at the southeast corner of the intersection of 43rd Avenue and 53rd Street, approximately <br />3,000 feet west of U.S. Highway 1 (see attachment 1). The property is zoned PD, Planned <br />Development (up to 2.29 units per acre overall site), and has an L-2, Low -Density Residential -2 (up <br />to 6 units per acre) future land use designation. <br />On September 26, 2019, the Planning & Zoning Commission granted preliminary plat approval for <br />POD "V". Public Works issued a land development permit for POD "V" on September 25, 2020, <br />and the applicant began construction activities shortly afterwards. As of this time, the developer has <br />constructed 79.20% of the required project improvements. The applicant has coordinated with staff <br />to provide the following: <br />1. A final plat in conformance with the approved preliminary plat (see attachment 2); <br />2. An approved Engineer's Certified Cost Estimate for the remaining required improvements; <br />and <br />3. An executed Contract for Construction of the remaining required improvements, with a <br />letter of credit for 125% of the cost of construction for the remaining required <br />improvements. <br />The Board of County Commissioners (BCC) is now to consider granting final plat approval for The <br />Preserve at Waterway Village POD "V". <br />31 <br />