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BOOK acre single-family zoned parcel, consisting of 38 single family lots and 5 tracts. Four tracts will be used for stormwater management, and one tract will be for a future 331d Street right-of-way. Phase I is located on the north side of 331 Street, approximately 664' east of 666 Avenue. Phase II will be located immediately north of Phase I. At its regular meeting of April 8, 1999, the Planning and Zoning Commission granted preliminary plat approval for the overall subdivision. Subsequently, a land development permit was issued for for Phase I. The developer is now bonding -out all required improvements as part of the final plat approval process. The owner, Oak Chase Development LLC, through its agent Carter Associates Inc., is now requesting final plat approval and has submitted the following: A final plat for Phase I in conformance with the approved Oak Chase preliminary plat. 2. A cost estimate for the required Phase I subdivision improvements. 3. A contract for construction for the required Phase I subdivision improvements. 4. A letter of credit to guarantee construction of the required improvements. ANALYSIS: At this time, none of the required Phase I subdivision improvements have been completed. The applicant has submitted a contract for construction for all of the required Phase I subdivision improvements, along with a letter of credit to secure the contract. Both the county engineering division and the utility services department have approved the cost estimate and have verified that the letter of credit amount is adequate to cover the estimated cost of the remaining required improvements. The county attorney's office has approved the construction contract for legal form and sufficiency and has approved the format of the letter of credit. All applicable requirements regarding final plat approval have been satisfied. Pursuant to the county's LDRs, the applicant will be required to obtain a certificate of completion after satisfactory completion of the required improvements. At that time, the applicant will warranty the utility improvements via a utility services department Bill of Sale. The other publically dedicated improvements will be wacrantied separately with a warranty and maintenance agreement. These warranties will be required prior to the issuance of a certificate of completion. Based on the above analysis, staff recommends that the Board of County Commissioners grant final plat approval for Oak Chase Phase I and authorize the chairman to sign the contract for construction and accept the letter of credit. 1. Application 2. Location Map 3. Plat 4. Contract for Construction (Draft) December 21, 1999 18