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BOOK j09 PA'UE 453 <br />for construction and the cash escrow agreement. The financial security represents 115% of the <br />estimated cost to construct the required improvements. It should be noted that all improvements <br />within Mill Creek will be private, except for the utility facilities. The utility facilities will be <br />dedicated to Indian River county as required by the Utility Services Department. <br />Based on the above analysis, staff recommends that the Board of County Commissioners: <br />1. Chant final plat approval for the Mill Creek Subdivision, <br />2. Authorize the chairman to sign the contract for construction of remaining required <br />improvements, and <br />3. Authorize the chairman to sign the cash escrow agreement that guarantees <br />performance of the construction contract. <br />1. <br />Application <br />2. <br />Location Map <br />3. <br />Plat Graphic <br />4. <br />Contract for Construction (copy) <br />5. <br />Cash Escrow Agreement <br />ON MOTION by Commissioner Grin, SECONDED BY <br />Commissioner Stanbridge, the Board unanimously (by a vote of <br />4-0) granted final plat approval for the Mill Creek Subdivision; <br />authorized the Chairman to sign the Contract for Construction <br />ofRema.ning Required Improvements and the Cash Deposit and <br />Escrow Agreement with Brackett & Company, as recommended <br />in the Memorandum. <br />COPIES OF DOCUMENTS ARE ON FILE <br />IN TAE OFFICE OF THE CLERK TO THE BOARD <br />7.E. Affordable Housing Advisory Committee and Loan Review <br />Committee - Appointment of Sandra C. P Mell - Resignation of <br />Charles H. Lavin from Affordable Housing Advisory Committee <br />The Board reviewed a Memorandum of June 3, 1999: <br />JUNE 89 1999 <br />14 <br />