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At its regular meeting of January 14, 1999, the Planning and Zoning Commission gmnted preliminary plat approval for the subdivision, then known as Cascades of Vero, now known as Crystal Falls of Vero. Subsequently, the developer obtained a land development permit and has constructed most of the subdivision improvements. The applicant is now requesting final plat approval for Crystal Falls of Vero and is bonding out for remaining work as part of the final plat approval process. The owner, LIFE, Ltd., through its agent, W. F. McCain & Associates, Inc , is now requesting final plat approval and has submitted the following: 1. A final plat in substantial conformance with the approved preliminary plat. 2. A Certified Engineer's Cost estimate for the remaining required improvements. 3. A Contract for Construction for the remaining required improvements. 4. A security arrangement guaranteeing the contract for construction. ANALYSIS: Most of the required subdivision improvements have been completed, and the developer proposes to "bond -out" for construction of the remaining improvements (landscaping, utility services, paving of road segments) to obtain final plat approval. The format of the financial security has been approved by the County Attorney's Office and unit cost estimates for construction items have been approved by Public Works, Utility Services and Planning. The developer also has submitted a copy of the Contract for Construction of Required Improvements. The contract, which is on a standard foini approved by the County Attorney's Office, will be executed by the developer. All subdivision improvements are privately dedicated with the exception of the utility system, which is separately warranted through the Department of Utility Services. Therefore no subdivision warranty and maintenance agreement is required. RECOMMENDATION: Based on the above analysis, staff recommends that the Board of County Commissioners grant final plat approval for the Crystal Falls of Vero Subdivision, authorize the Chairman to execute the Contract for Construction and any security documents, and accept the security. ON MOTION by Commissioner Ginn, SECONDED by Commissioner Tippin, the Board unanimously granted final plat approval for Crystal Falls of Vero Subdivision, authorized the Chairman to execute the Contract for Construction and any security documents, and accepted the security, as recommended by staff. DOCUMENTS WILL BE ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD WHEN EXECUTED AND RECEIVED AUGUST 6, 2002 47