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DESCRIPTION & CONDITIONS: Sunset Trace - Grand Harbor Plat 28 is a subdivision of a 0.99 -acre parcel into 2 multi -family duplex units (4 lots), and one other tract that will be used for landscaping The subject property is part of the overall Grand Harbor Planned Development (PD) and is consistent with the approved Grand Harbor conceptual PD plan. The subject site is located in the River Club area of the overall Grand Harbor development, is zoned RM -6, and has an M-1 land use designation. On April 26, 2001, the Planning and Zoning Commission granted preliminary PD plan/plat approval for Sunset Trace - Grand Harbor Plat 28. The applicant subsequently obtained a land development permit and commenced construction of the project. The applicant is proposing to "bond -out" for completion of the remaining required improvements as allowed by the land development regulations (LDRs). Now, the applicant is 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; 3. A completed Contract for Construction of remaining required improvements; and 4. A Cash Deposit and Escrow Agreement to guarantee the Contract. ANALYSIS: All of the required subdivision improvements have been completed except for some final asphalt work The applicant is proposing to "bond -out" for the asphalt work as provided for in the county's LDRs. Public Works has reviewed and approved the submitted Engineer's Certified Cost Estimate for the remaining work and corresponding cash escrow amount. The County Attorney's Office has reviewed and approved the submitted Contract for Construction. The cash escrow, which represents 115% of the estimated cost for the remaining asphalt work, has been submitted_ It should be noted that all improvements within the Grand Harbor development will be pnvate, 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 Sunset Trace - Grand Harbor Plat 28 and authorize the Chaiiinan to execute the submitted Contract for Constriction and the Cash Deposit and Escrow Agreement. ATTACHMENTS: 1. Application 2. Location Map 3. Plat Layout 4. Contract for Construction 5. Cash Deposit and Escrow Agreement July 23, 2002 16