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DESCRIPTION & CONDITIONS: <br />Grand Harbor Plat 26 is a subdivision of a 26.84 -acre parcel into 16 single-family lots, a multi- <br />family tract (84 units), and a number of other tracts that will be used for various uses including <br />landscaping stormwater management, conservation, and recreation. The subject property is part <br />of the overall Grand Harbor Planned Development (PD) and is consistent with the Grand Harbor <br />conceptual PD plan. The subject site is located in the southeast portion of the overall Grand <br />Harbor development, is zoned RM -6, and has an M-1 land use designation <br />On September 14, 2000, the Planning and Zoning Commission granted preliminary PD plan/plat <br />approval for Grand Harbor Plat 26. The applicant has subsequently obtained a land development <br />permit and commenced construction of the project. The applicant is proposing to ' bond -out" for <br />completion of the remaining required improvements as allowed by the land development <br />regulations (LDRs). Now, the applicant is requesting fmal plat approval and has submitted the <br />following: <br />1. A final plat in conformance with the approved preliminary PD plan/plat; <br />2. An Engineers Certified Cost Estimate for the remaining required improvements; <br />3. A completed Contract for Construction of remaining required improvements; and <br />4. A Cash Deposit and Escrow Agreement to guarantee the Contract. <br />ANALYSIS: <br />All of the required subdivision improvements have been completed except for one sidewalk <br />segment The applicant is proposing to "bond -out" for that sidewalk segment as provided for in <br />the county's LDRs. Public Works has reviewed and approved the submitted Engineer's Certified <br />Cost Estimate and corresponding cash escrow amount. The County Attorney's Office has <br />reviewed and approved the submitted Contract for Construction. The cash escrow which <br />represents 115% of the estimated cost to construct the remaining sidewalk segment, has been <br />submitted. It should be noted that all improvements within the Grand Harbor development will <br />be private, with the exception of certain utilities facilities that will be dedicated and guaranteed <br />to Indian River County as required by the Utility Services Department. <br />RECOMMENDATION: <br />Based on the above analysis, staff recommends that the Board of County Commissioners grant <br />final plat approval for Grand Harbor Plat 26 and authorize the Chairman to execute the submitted <br />Contract for Construction of remaining required improvements and the Cash Deposit and Escrow <br />Agreement. <br />ATTACHMENTS: <br />1. Application <br />2. Location Map <br />3. Plat Layout <br />4. Contract for Construction (Draft) <br />5. Cash Deposit and Escrow Agreement (Draft) <br />MAY 21, 2002 <br />-14- <br />