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SUBJECT : Waterford Lakes of Indian River County, Inc . Request for Final Plat Approval for Waterford Lakes Subdivision - Phase I (f/k/a Wilson Property) It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at its regular meeting of September 4, 2001 . DESCRIPTION AND CONDITIONS : Waterford Lakes Phase I is a 71 lot 20 .4 acre portion of a three phase 60 acre, 262 lot project located on the south side of 12 'h Street between 12 `h and 16 `s Avenues . The property is zoned RM -6 (Residential Multi - family up to 6 units/acre) and has an L-2 (Low Density 2 up to 6 units/acre) land use designation. The density of the Phase I subdivision is 3 . 48 units/acre. On September 14, 2000, the Planning and Zoning Commission granted preliminaryplat and site plan approval for the entire project, including Phase I . Approval was given to plat over a site plan for 71 single family detached residential units in Phase 1. Development of the units will proceed under the � nrnmpterc of the approved site plan, and inspections will be conducted via the site plan development inspection procedures . The developer is now requesting final plat approval and has submitted a final plat in conformance with the approved preliminary plat. ANALYSIS : The improvements for the project (e. g. roads , drainage, utilities , landscaping) are tied to the site plan which has been approved and released for construction. . Thus, site development is controlled by the approved site plan . Therefore, via the site plan inspection process, no Certificate of Occupancy will be issued for any unit until required improvements are in place for that particular unit. The only bonding-out for project-wide improvements will be for the required internal sidewalks . The applicant has made arrangements to contract and bond-out for the sidewalks via a standard construction contract and performance bond. Staff has reviewed and approved the final plat, contract, and Performance bond and has determined that all final plat approval requirements are satisfied . RECOMMENDATION : Staff recommends that the Board of County Commissioners grant final plat approval for Waterford Lakes Phase I and authorize the Chairman to execute a contract for sidewalk construction and accept the performance bond as security for the construction . ATTACHMENTS : 1 . Application 2 . Location Map 3 . Final Plat 4 . Copy of Contract and Performance Bond September 4 , 2001 44 BK ! 1 PG J 2 2