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DESCRIPTION AND CONDITIONS: <br />Legend Lakes PD is a 163 lot single-family subdivision consisting of two phases. Located on the <br />south side of 5th Street SW, west of 43rd Avenue and east of Citrus Springs PD, the property is <br />zoned RS -3 (Residential Single -Family, up to 3 units/ acre) and has an L-1, Low density 1- (up to <br />3 units/ acre) land use designation. The density of Legend Lakes Phase I is 2.95 units / acre. The <br />proposed Phase I plat will create 106 single-family lots. <br />At its regular meeting of March 20, 2001, the Planning and Zoning Commission granted <br />preliminary PD plan / plat approval for the subdivision. Now, the owner, Smigiel Partners XII <br />Limited. Inc , through its agent, Carter Assoc. Inc., is requesting final plat approval and has <br />submitted the following: <br />1. A final plat in substantial conformance with the approved preliminary plat. <br />2. A certified engineers cost estimate for remaining improvements. <br />3. A Contract for Construction for the remaining required subdivision improvements. <br />4. A security arrangement guaranteeing the contract for construction. <br />ANALYSIS: <br />Some of the required subdivision improvements have been constructed. Consistent with county <br />regulations, the developer proposes to "bond -out" for construction of the remaining required <br />improvements and proceed with final plat approval. The format of the financial security has been <br />approved by the County Attorneys Office, and unit cost estimates for construction items have <br />been approved by Public Works, Utility Services and Planning. The developer also has submitted <br />a copy of the Contract for Construction of Required Improvements. The contract, which is on a <br />standard form approved by the County Attorney's Office, will be executed by the developer. All <br />subdivision improvements are privately dedicated with the exception of the utility system, which <br />is separately warranted through the Department of Utility Services. Therefore, no subdivision <br />warranty and maintenance agreement is required.. <br />RECOMMENDATION: <br />Based on the above analysis, staff recommends that the Board of Coun'y Commissioners grant <br />final plat approval for the Legend Lakes Phase I PD, authorize the Chairman to execute the <br />Contract for Construction and any security documents, and accept the security. <br />ATTACHMENTS: <br />1. Application <br />2 Location Map <br />3. Plat Graphic <br />4. Contract for Construction (Draft) <br />5. Security Arrangement <br />JULY 2, 2002 <br />