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Comprehensive Plan Capital Improvements Element <br />remain lower than projected in the prior year's Capital Improvements Program (Fiscal Years 2009/10 <br />through 2013/14). As a result of the decrease in projected revenue and the associated decrease in <br />projected demand for public facilities, the overall Capital Improvements Program has been scaled <br />back. Consequently, a number of projects within the 2009/10 through 2013/14 CIP have had their <br />time frame extended. <br />None of the changes will impact development project concurrency reservations. Because of the <br />depressed housing market, problems with the financial markets, and limited construction activity, it is <br />anticipated that the capacity associated with most of these projects will not be needed until later <br />dates. <br />Two of the transportation projects that have had their construction dates extended involve <br />improvements to roadways that are over capacity according to the County's concurrency management <br />system. Listed in Table 6.10, these deficient links are C.R. 510 between 58th Avenue and U.S. <br />Highway 1 and AIA from 17th Street to the south city limits of the City of Vero Beach. While the <br />transportation projects designed to improve these deficient links are being rescheduled to later years <br />of the CIP, there are several factors that are expected to increase available capacity in the short term. <br />One such factor is that concurrency certificates for some development projects with vested trips will <br />expire soon. At that time, the reserved trips reflected by those projects will be removed from the <br />concurrency management system. Another factor is that recent traffic counts indicate that traffic <br />volumes are continuing to decrease on most roadways. These new traffic counts will soon be <br />reflected in the County's concurrency management system. At that time, the increased capacity and <br />decreased demand will have the effect of increasing the available capacity on County roadways and <br />will likely further decrease the need for scheduling, financing, and constructing transportation <br />projects in the County's CIP. <br />By extending the time frame of transportation projects, the county can utilize its limited resources to <br />complete priority concurrency related projects within the overall capital improvements program. In <br />effect, the county needs to delay some projects so that other projects will remain fundable with a <br />diminishing county budget. By funding only necessary projects, the County is also maintaining a <br />financially feasible capital improvements element. <br />Table 6.10: C neurrency <br />Links Report for Transportation Projects <br />with deficient <br />links <br />Transportation Project <br />With Deficient Link <br />Link # <br />Link Description <br />Capacity* <br />Total <br />Demand* <br />Available* <br />CR 510, 61St Drive to Indian <br />River, four lanes (1.6 miles) <br />1830E <br />1830W <br />1840E <br />1840W <br />C.R. 510, 58th Avenue to U.S. 1 <br />C.R. 510, 58th Avenue to U.S. 1 <br />C.R. 510, U.S. 1 to S.R. AIA <br />C.R. 510, U.S. 1 to S.R. AIA <br />810.00 <br />707.26 <br />102.74 <br />810.00 <br />874.76 <br />-64.76 <br />2,049.00 <br />715.66 <br />1,333.34 <br />2,049.00 <br />775.48 <br />1,273.52 <br />17th Street/AIA Intersection <br />1020N <br />1020S <br />1030N <br />S.R. AIA, Southern Vero Beach City Limits <br />to 17`h Street <br />S.R. AIA, Southern Vero Beach City Limits <br />to 17th Street <br />S.R. AIA, 17th Street to S.R. 60 <br />930.00 <br />1,081.37 <br />-151.37 <br />930.00 <br />1,058.13 <br />-128.13 <br />924.00 <br />707.00 <br />217.00 <br />Community Development Department Indian River County <br />Adopted November 2, 2010, Ordinance 2010-024 <br />32 <br />