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RESOLUTION 2004- 137 <br />18. Prior to the issuance of a certificate of completion for phase 5, the southern leg of the 43rd <br />Avenue extension, from the northern project entrance on 43rd Avenue to 49th Street, shall be <br />completed as identified on the master development plan. <br />Intersection Improvements <br />19. No building permits for Waterway Village DRI shall be issued for more than 337 dwelling units <br />or after December 31, 2005, whichever occurs later, until either: 1) contracts have been let for <br />the intersection improvements identified below; or 2) a local government developer's agreement <br />has been executed and attached as an exhibit to the DO. Surety shall be provided to the <br />satisfaction of Indian River County or the Florida Department of Transportation that sufficient <br />funds will be available to complete the following intersection improvements, including <br />signalization modifications as warranted by County or State criteria. <br />• 53rd Street and 58th Avenue: Signalize intersection and add left turn lanes on all <br />approaches. <br />• 53rd Street/ Project entrance (51St Court): Install flasher convertible signal. <br />• 53rd Street/ 43rd Avenue: Install flasher convertible signal. <br />• 491h Street/ 43rd Avenue: Install flasher convertible signal. <br />• 491h Street/ Project Entrance (51St Court): Install flasher convertible signal. <br />20. No building permits for Waterway Village DRI shall be issued for more than 337 dwelling units <br />or after December 31, 2005, whichever occurs later, until either: 1) contracts have been let for <br />the intersection improvements identified below; or 2) the improvements identified below have <br />been included within the first two years of either the Indian River County adopted Road <br />Building Program, or the Florida Department of Transportation adopted Five Year Work <br />Program; or 3) a local government developer's agreement has been executed and attached as an <br />exhibit to the DO. Surety shall be provided to the satisfaction of Indian River County or the <br />Florida Department of Transportation that sufficient funds will be available to complete the <br />following roadway and intersection improvements, including signalization modifications as <br />warranted by County or State criteria. <br />• 491h Street and 58th Avenue: Signalize intersection and add left turn lanes on all <br />approaches <br />• 45th Street and 58th Avenue: Signalize intersection and add left turn lanes on all <br />approaches. <br />• 53rd Street from 58th Avenue to the project entrance (SIS` Court) as a two lane <br />roadway. <br />21. No building permits for Waterway Village DRI shall be issued for more than 635 dwelling units <br />or after December 31, 2006, whichever occurs later, until either: 1) contracts have been let for <br />the intersection improvements identified below; or 2) the improvements identified below have <br />been included within the first two years of either the Indian River County adopted Road <br />Building Program, or the Florida Department of Transportation adopted Five Year Work <br />Program; or 3) a local government developer's agreement has been executed and attached as an <br />exhibit to the DO. Surety shall be provided to the satisfaction of Indian River County or the <br />Florida Department of Transportation that sufficient funds will be available to complete the <br />Strike through = deleted, texts Bold Italic = added text 5 <br />FACommunity Development\Users\CurDev\RESOLUTION\2004 Resolutions\Waterway Village Resoluation 2004-.rtf <br />