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3. An executed Contract for Construction of Phase 1 remaining required improvements, with a <br />Cash Deposit and Escrow Agreement for 125% of the cost for the remaining required <br />improvements. <br />The Board is now to consider granting final plat approval for Harbor Isle Phase 1. <br />ANALYSIS: <br />Most, but not all, of the required project improvements have been completed. As provided for under <br />the LDR's applicable to this final plat application, the applicant will be "bonding -out" the <br />remaining 5% of required project improvements (drainage, landscaping, roadways, utilities). Public <br />Works, Utility Services, and Planning have reviewed and approved the submitted Engineer's <br />Certified Cost Estimate for the remaining project improvements. The County Attorney's Office has <br />reviewed and approved the Contract for Construction of Required Improvements and an acceptable <br />cash deposit and escrow agreement in the amount of 125% of the cost of construction for the <br />remaining required improvements. <br />All improvements within Harbor Isle Phase 1 will be private, with the exception of certain utility <br />facilities. Those utility facilities will be dedicated and guaranteed to Indian River County, as <br />required by the Utility Services Department. <br />RECOMMENDATION: <br />Staff recommends that the Board of County Commissioners grant final plat approval for Harbor Isle <br />Phase I. <br />ATTACHMENTS: <br />1. Location Map <br />2. Final Plat Layout <br />Page 2 of 2 <br />254 <br />