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0 • <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 17, 1998. <br />DESCRIPTION AND CONDITIONS: <br />On October 17, 1997, the Planning and Zoning Commission approved the preliminary plat for Indian <br />River Club Plat 6. The plat site is located within the southwest corner of the Indian River Club <br />project (see attachment #2). The submitted final plat creates an access road and 43 single family lots, <br />consistent with the approved conceptual PD plan for the overall Indian River Club project and the <br />approved preliminary plat. The applicant is now requesting final plat approval for Indian River Club <br />Plat 6. <br />ANALYSIS: <br />The owner's agent, Masteller, Moler & Associates, Inc., is requesting final plat approval and has <br />submitted the following: <br />1. A final plat in conformance with the approved preliminary PD plat; <br />2. An engineer's Certified Cost Estimate for the remaining required improvements; and <br />3. A completed Contract for Construction of Remaining Required Improvements; <br />None of the required subdivision improvements have been constructed. Therefore, the applicant is <br />proposing to "bond -out" for the required subdivision improvements as provided for in the county's <br />land development regulations. The Public Works and Utility Services Departments have reviewed <br />and approved the submitted Engineer's Certified Cost Estimate and corresponding letter of credit <br />amount to guarantee construction of required improvements. The County Attorney's Office has <br />reviewed and approved the submitted Contract for Construction. The letter of credit, which <br />represents 115% of the estimated cost to construct the required improvements, will be submitted <br />prior to recording the plat. It should be noted that all improvements within the Indian River Club will <br />be private, with the exception of certain utilities facilities that will be dedicated to Indian River <br />County and warranted separately, as required by the Utility Services Department. <br />RECOMMENDATION: <br />Based on the above analysis, staff recommends that the Board of County Commissioners: <br />1. Grant final plat approval for Indian River Club Plat 6; and <br />2. Authorize the Chairman to execute the submitted Contract for Construction of Remaining <br />Required Improvements and accept the letter of credit that secures the contract. <br />ATTACHMENTS: <br />1. Application <br />2. Location Map <br />3. Plat Layout <br />4. Contract for Construction <br />February 17, 1998 <br />13 <br />��Oa PAGE •`� <br />