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RESOLUTION 2004- 1 �7 following intersection improvements, including signalization modifications as warranted by County or State criteria. • 26th Street and 43rd Avenue: Add northbound, southbound, eastbound, and westbound right -turn lanes. 22. No building permits for Waterway Village DRI shall be issued for more than 731 dwelling units or after December 31, 2006, whichever occurs later, until either: 1) contracts have been let for the intersection improvements identified below; or 2) the improvements identified below have been included within the first two years of either the Indian River County adopted Road Building Program, or the Florida Department of Transportation adopted Five Year Work Program; or 3) a local government developer's agreement has been executed and attached as an exhibit to the D.O. Surety shall provided to the satisfaction of Indian River County or, the Florida Department of Transportation that sufficient funds will be available to complete the following improvements, including signalization modifications as warranted by County or State criteria. • 43rd Avenue to 53rd Street: The north leg of 43rd Avenue extension, from the northern project entrance on 43rd Avenue to 53rd Street, shall be completed prior to issuance of a certificate of completion for phase 3, as identified on the master development plan. • 43rd Avenue and 53rd Street: Add northbound right turn and left turn lanes and west bound left turn lane. 23. No building permits for Waterway Village DRI shall be issued for more than 859 dwelling units or after December 31, 2007, whichever occurs later, until either: 1) contracts have been let for the intersection improvements identified below; or 2) the improvements identified below have been included within the first two years of either the Indian River County adopted Road Building Program, or the Florida Department of Transportation adopted Five Year Work Program; or 3) a local government developer's agreement has been executed and attached as an exhibit to the D.O. Surety shall be provided to the satisfaction of Indian River County or the Florida Department of Transportation that sufficient funds will be available to complete the following intersection improvements, including signalization modifications as warranted by County or State criteria. • 26th Street and 58th Avenue: Add westbound right turn lane. • 53rd Street and US -1: Add eastbound right and left turn lanes. 24. No building permits for Waterway Village DRI shall be issued for more than 899 dwelling units or after December 31, 2008, whichever occurs later, until either: 1) contracts have been let for the intersection improvements identified below; or 2) the improvements identified below have been included within the first two years of either the Indian River County adopted Road Building Program, or the Florida Department of Transportation adopted Five Year Work Program; or 3) a local government developer's agreement has been executed and attached as an exhibit to the DO. Surety shall be provided to the satisfaction of Indian River County or the Florida Department of Transportation that sufficient funds will be available to complete the following intersection improvements, including signalization modifications as warranted by County or State criteria. FACommunity Development\Users\CurDev\RESOLUTION\2004 Resolutions\Waterway Village Resoluation 2004-.rtf 6