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• • <br />proposing to "bond -out" for the remaining required subdis ision improvements as provided for in the <br />county's LDRs. Public Works has reviewed and approved the submitted Engineer's Certified Cost <br />Estimate and corresponding cash escrow amount. The County Attorney s Office nas res iewed and <br />approved the submitted Contract for Construction. The cash escrow. which represents 115% of the <br />Lonsn-uct tL: r:uuireu 1Zfl rol ement,;, n:.s been sLnmi 1:7 C:. Jsiu LIQ. 0: 1:61:2u :. <br />all improvements within the Oak Harbor development will be private, with the exception of certain <br />utilities facilities that will be dedicated and guaranteed to Indian River County as requirea nv the <br />tility Services Department. <br />RECO' flIFNDATION• <br />Based on the above analysis, staff recommends that the Board of County Commissioners. <br />1 Grant final plat approval for St. Elizabeth's Island (Oak Harbor Plat :7), and <br />2• Authorize the Chairman to execute the submitted Contract for Construction of <br />remaining required impros ements and cash deposit escrow agreements that secure <br />the contract. <br />ON MOTION by Commissioner Macht, <br />SECONDED by Commissioner Stanbridge, the <br />Board, by a 4-0 vote (Commissioner Adams absent) <br />unanimously granted final plat approval for St. <br />Elizabeth's Island (Oak Harbor Plat #7) and <br />authorized the Chairman to execute the submitted <br />Contract for Construction of remaining required <br />improvements and cash deposit escrow agreements <br />that secure the contract, as recommended by staff. <br />AUGUST 7, 2001 <br />CONTRACT IS ON FILE IN THE OFFICE <br />OF THE CLERK TO THE BOARD <br />-3 7- <br />it1 t? Di* <br />I..; <br />50 <br />