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ANALYSIS: <br />Most, but not all, of the required project improvements have been completed. As provided for under <br />the County Land Development Regulations applicable to this final plat application, the applicant <br />will be "bonding -out" the remaining 20.8% of required project improvements (drainage, <br />landscaping, roadways, utilities). Public Works, Utility Services, and Planning have reviewed and <br />approved the submitted Engineer's Certified Cost Estimate for the remaining project improvements. <br />The County Attorney's Office has reviewed and approved the submitted Contract for Construction <br />of Required Improvements. The County Attorney's Office has received an irrevocable letter of <br />credit with supporting security in the amount of $923,406.23 to guarantee construction of the <br />remaining required improvements. <br />All improvements within The Preserve at Waterway Village POD "V" will be private, with the <br />exception of certain utility facilities. Those utility facilities will be dedicated and guaranteed to <br />Indian River County, as required through the final plat and certificate of completion process. <br />RECOMMENDATION: <br />Staff recommends that the Board of County Commissioners grant final plat approval for The <br />Preserve at Waterway Village POD "V". <br />ATTACHMENTS: <br />1. Location Map <br />2. Final Plat Layout <br />32 <br />