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On April 5, 2001, the Plarming and Zoning Commission granted preliminary plat approval for Windsor South Village (Windsor Plat #23). The applicant has subsequently obtained a land development permit and commenced construction of the project. The applicant is proposing to "bond -out" for construction of the remaining required improvements as allowed by the land development regulations (LDRs). The applicant is now requesting final plat approval and has submitted the following: 1. A final plat in conformance with the approved preliminary PD plan/plat; 2. An Engineers Certified Cost Estimate for the remaining required improvements; and 3. A completed Contract for Construction of remaining required improvements; ANALYSIS: Most but not all of the required subdivision improvements have been completed. The applicant is proposing to "bond -out" for the remaining required subdivision improvements as provided for in the county's LDRs. Public Works has reviewed and approved the submitted Engineer's Certified Cost Estimate. The County Attorney's Office has reviewed and approved the submitted Contract for Construction. The letter of credit, which represents 115% of the estimated cost to construct the required improvements, must be submitted and approved by county staff prior to recording the final plat. It should be noted that all improvements within the Windsor development will be private, with the exception of certain utilities facilities that will be dedicated and guaranteed to Indian River County as required by the Utility Services Department. RECOMMENDATION: Based on the above analysis, staff recommends that the Board of County Commissioners grant final plat approval for Windsor South Village (Windsor Plat #23), authorize the Chairman to execute the submitted Contract for Construction of remaining required improvements, and accept the letter of credit that secures the contract. ATTACHMENTS: 1. Application 2. Location Map 3. Plat Layout 4. Contract for Construction (Draft) ON MOTION by Commissioner Adams, SECONDED BY Vice Chairman Stanbridge, the Board unanimously granted final plat approval for Windsor South Village (Windsor Plat #23) (NO.PD-02-1-02-CFC), authorized the Chairman to execute the submitted Contract for Construction of remaining required improvements, and accepted the letter of credit that secures the contract, as recommended in the memorandum. December 11, 2001 22