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It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of May 21, 2002. DESCRIPTION AND CONDITIONS: Old Orchid Phase III subdivision is a 30 lot, 7.28 acre portion of the four phase Old Orchid P.D (Planned Development) project. Located on the north side of CR 510 and east of Jungle Trail, the property is zoned PD and has a L-2 land use designation [low density 2 up to 6 units per acre] The density of the Phase III subdivision is 4 25 units per acre. The first two phases of Old Orchid PD have been platted. Phase I has been completed and Phase II has been partially built out. The roads and stormwater management system withm Phase II are being extended into Phase III to serve the Phase III lots. At its regular meeting of May 5, 1998, the Board of County Commissioners approved the Old Orchid Conceptual PD plan for all four phases. Subsequently, on January 24, 2002, the Planning and Zoning Commission granted preliminary PD plan/plat approval for Old Orchid Phase III. The developer has obtained a land development permit and has constructed some of the Phase III required improvements. Now, the developer is requesting final plat approval for Phase III and has submitted the following: 1.A final plat in substantial conformance with the approved preliminary PD plat / plan. 2. A certified cost estimate for the remaining required Phase III subdivision improvements. 3. A copy of a contract for construction for the remaining required improvements. EM 4. A security arrangement guaranteeing the contract for construction. The Board is now to grant final plat approval. ANALYSIS: Some of the required Phase III subdivision improvements have been completed, and the developer proposes to bond -out for construction of the remaining required improvements to proceed with final plat approval. The format of the final plat and the financial security have been approved by the County Attorney's Office, and unit cost for construction items have been approved by Public Works, Utility Services, and the Planning Division The developer has also submitted a copy of the Contract for Construction of Required Improvements All subdivision improvements are privately dedicated with the exception of the utility system, which will be separately warranted through the Department of Utility Services. Based on submission of the previously referenced contract and security, all requirements of final plat approval are satisfied. - RECOMMENDATION: Based on the above analysis, staff recommends that the Board of County Commissioners grant final plat approval for Old Orchid Phase III subdivision, and authorize the Chairman to execute the contract and any security documents and accept the security. MAY 21, 2002 -16-