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&J. <br />INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: Board of County Commissioners <br />THROUGH: John A. Titkanich, Jr., County Administrator <br />PREPARED BY: Patrick J. Murphy; Senior Planner, Current Development <br />DATE: January 24, 2024 <br />SUBJECT: Divosta Homes, LP's Request for Final Plat Approval for Preserve at <br />Waterway Village POD "X" [PD -21-05-05 / 2004010124-95355] <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 February 6, 2024. <br />DESCRIPTION & CONDITIONS: <br />The Preserve at Waterway Village POD "X" final plat consists of 161 lots on 71.15 acres, resulting <br />in a density of 2.26 units per acre. It is located at the northeast comer of the intersection of 43rd <br />Avenue and 49th Street, approximately 4,000 feet west of U.S. Highway No. 1 (see attachment 1). <br />The property is zoned PD, Planned Development (up to 2.29 units/acre overall site), and has an L-2, <br />Low -Density Residential -2 (up to 6 units per acre) future land use designation. <br />On April 14, 2022, the Planning & Zoning Commission granted preliminary plat approval for POD <br />"X", with conditions. The Indian River County's Engineering Division issued the Land <br />Development Permit on February 3, 2023, and the applicant began construction activities shortly <br />afterwards. As of this time, the developer has constructed 75.50% of the required project <br />improvements. The applicant has coordinated with staff 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 />An executed Contract for Construction of the remaining required improvements, with a Cash <br />Deposit and Escrow Agreement for 125% of the cost of construction for the remaining <br />required improvements. <br />The Board of County Commissioners (BCC) is now to consider granting final plat approval for The <br />Preserve at Waterway Village POD "X". <br />C:\Crranicus\Legistar5\L5\Temp\ba5d67a1-19eb-4b3c-b91d-820b79648709.doc Page 1 of 2 <br />128 <br />