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Ordinance. Riverpoint Subdivision received preliminary plat approval from the Planning <br />and Zoning Commission on July 13, 1995. The 24 unit single family subdivision is located <br />adjacent to mosquito impoundments along the Indian River Lagoon south and east of Vero <br />Shores Subdivision. The site is located in special flood hazard area Zone AE with base <br />flood elevations of 5.0 ft. and 6.0 ft. N.G.V.D. The ten year stillwater elevation is 2.8 ft. <br />The proposed displacement.of the floodplain below 4.0 ft. for which the waiver is requested <br />is 8000 cubic yards as indicated in the attached letter from the applicant's engineer dated <br />December 14, 1995. <br />ALTERNATIVES AND ANALYSIS <br />The project meets the cut and fill balance waiver criteria provided in Section 930.07(2)(d)1. <br />of being situated in an estuarine environment within the 100 year floodplain along the <br />Indian River and in staffs opinion it appears that all other Stormwater Management and <br />Flood Protection Ordinance requirements can be met without adverse impact on other lands <br />in the estuarine environment. The land development permit application is currently under <br />review. <br />Both Indian River County and S.J.R.W.M.D. Wetland Resource Management permits have <br />been issued for the project. • <br />Alternative No. 1 <br />Approve the cut and fill balance waiver request. <br />Alternative No. 2 <br />Deny the waiver request and require re -design to accomplish an on-site balance of cut and <br />. fill. <br />RECOMMENDATION <br />Staff recommends approval of Alternative No. 1. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Bird, the Board unanimously approved a <br />floodplain cut and fill balance waiver for <br />Riverpoint Subdivision, as recommended by staff. <br />J. Second Extension of Contract for Required Improvements and <br />Land Development Permit - Copeland Landing West PRD <br />The Board reviewed the following memo dated 12/19/95: <br />JANUARY 2 1996 13 BOOK 97 FAUE <br />