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• 1. A final plat for Phase I in conformance with the approved Waters Edge 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 performance bond 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 submitted cost estimate and have verified that the letter of credit amount is adequate to cover the estimated cost of completing 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 performance bond. 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. All other improvements will be privately dedicated; therefore, no warranty maintenance agreement is required. RECOMMENDATION: Based on the above analysis, staff recommends that the Board of County Commissioners grant final plat approval for Waters Edge Phase I and authorize the chairman to sign the contract for construction and accept the performance bond that guarantees that contract. _ kl40 RAW Ce Avorovee pale A1TACIEWENTS: Aemla Legal 1. Application 6uaget 2. Location Map Dept 3. Plat RI" Mgr. 4. Contract for Construction (Draft) March 21, 2000- W11 BOOK •