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4 > q <br /> RESOLUTION ?04-92010- <br /> identified below; or 2 ) a local government developer ' s agreement has been executed <br /> and attached as an exhibit to the DO . Surety shall be provided to the satisfaction of <br /> Indian River County or the Florida Department of Transportation that sufficient funds <br /> will be available to complete the following intersection improvements , including <br /> signalization modifications as warranted by County or State criteria. <br /> ® 53r6 Street and 58th Avenue : Signalize intersection and add left <br /> turn lanes on the north, south, and east -a44 approaches . <br /> • 53rd Street/Project entrance (51St Court) : Install flasher <br /> convertible signal- and provide a generator for testing if power <br /> is not available by January 1 . 2011_. <br /> 0 5R .� Stfee /GAJ Aye Install flu�uL vle .�iiyeFtible ., t <br /> ll <br /> ® 491h Street/Project Entrance (51St Court) : Install flasher <br /> convertible signal . <br /> 20 . No building permits for Waterway Village DRI shall be issued for more than 337 <br /> dwelling units or after December 31 , 2005 , whichever occurs later, until either: 1 ) a <br /> contract has ee tfaet" h e been let for the intersection improvement �emer�ts <br /> identified below; or 2 ) they ! improvement <br /> identified below has lie been included within the first two years of either the Indian <br /> River County adopted Road Building Program, or the Florida Department of <br /> Transportation adopted Five Year Work Program; or 3 ) a local government <br /> developer ' s agreement has been executed and attached as an exhibit to the D0 . <br /> Surety shall be provided to the satisfaction of Indian River County or the Florida <br /> Department of Transportation that sufficient funds will be available to complete the <br /> following roadway and intersection improvement ^ including <br /> signalization modifications as warranted by County or State criteria. <br /> ®gym Ctfeet and C4 "'Ayea ie • Cip ^ lize inter-seetien and <br /> add 1 �{ <br /> tam <br /> o lanes <br /> f\ ll /� l'� all apprz/1aehes <br /> `l -m lvu u , <br /> ®gym Strout and <br /> 59'h eat e • . Signalize irete •n ti rl add <br /> l �+ <br /> 0 11tiL Signalize 111LV1 JVl/ <br /> tuff lanes aiift all <br /> appr-eaehes V <br /> LLTlZl lolly L� ,_ <br /> 53rd Street ai+dfrom 58th Avenue to the project entrance (51St <br /> Court) as a two lane roadway, <br /> 20a . No later than six months after such time as the traffic modeling done in <br /> conjunction with the Annual Report determines that the traffic volumes on 58th <br /> Avenue between 49th Street and 53r Street exceed the adopted level of service or <br /> by JanuaLy 1 , 2015 , whichever occurs firstthe forir- lapin _of 58th Avenue <br /> between 491h Street and 53 " - Street shall be commenced and shall be completed <br /> within twelve months after commencement . In the event the develo >jer fails to <br /> commence construction within six months of the date the traffic modeling <br /> submitted or by January 1 . 2015 , whichever occurs first or fails to complete <br /> construction within twelve months after- commencement, the County shall cease <br /> RM : 7375429 : 1 <br /> Z <br />