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4. A completed Contract for Construction of remaining improvements required by the project design, and 5. A letter of credit to secure the construction. ANALYSIS: All of the improvements required by county land development regulations (LDRs) have been completed, and the applicant has obtained a certificate of completion. There are minimal improvements, such as curbing, which are not required by the LDRs but are required by the project design. These remaining project -required improvements are being guaranteed by the applicant via a cash escrow agreement. The cash escrow amount represents 115% of the cost of the improvements and will be submitted prior to recording. Public Works has reviewed and approved the engineer's certified cost estimate for completing the remaining project -required improvements and corresponding cash bond. The County Attorney's Office has approved the contract for construction. It should be noted that all improvements within the Grand Harbor development are private, with the exception of certain utility facilities. Also included is a cash deposit and escrow agreement to guarantee the utilities bill of sale of utility facilities. The cash deposit and escrow agreement has been approved by the County Attorney's Office. With the referenced contract for construction and corresponding cash escrow agreements, all final plat requirements are satisfied. RECOMMENDATION: Based on the above analysis, staff recommends that the Board of County Commissioners: 1. Grant final plat approval for Harbor Island (Plat 23), and 2. Authorize the Chairman to execute the submitted Contract for Construction of remaining project -required improvements and cash escrow agreements. ATTACHMENTS: 1. Application 2. Location Map 3. Plat Layout 4. Contract for Construction 5. Cash Escrow Agreement for Construction 6. Cash Escrow Agreement for Utilities September 5, 2000 36 Inman flim Ca I Avorovee Admin Legal Budget BK 1114 PG 770 • •