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RESOLUTION 2010- 037 <br />Phase <br />Commencement <br />Date <br />Residential/ <br />Commercial <br />Vested <br />Until <br />Single <br />Family <br />Dwelling <br />Units <br />Multiple <br />Family <br />Dwelling <br />Units <br />Recreational/ <br />Clubhouse <br />Other <br />1 <br />2005 <br />12/31/2016 <br />733 <br />0 <br />2.2 acre <br />School site <br />and <br />Preservation <br />areas <br />2 <br />2012 <br />12/31/2019 <br />150 <br />0 <br />2.7 acre <br />3 <br />2013 <br />12/31/2020 <br />150 <br />0 <br />0 <br />4 <br />2014 <br />12/31/2021 <br />52 <br />98 <br />1.5 acre <br />20,000 sq. ft. <br />Neighborhood <br />Commercial` <br />5 <br />2015 <br />12/31/2022 <br />150 <br />0 <br />2.4 acre <br />6 <br />2016 <br />12/31/2023 <br />26 <br />124 <br />4.2 acre <br />7 <br />2017 <br />12/31/2024 <br />113 <br />0 <br />0 <br />Totals <br />1,374 <br />222 <br />13.0 acre <br />* The 20,000 square feet of Neighborhood Commercial uses will not be vested for traffic <br />concurrency if the traffic impact fees for the Neighborhood Commercial uses are not paid by <br />December 31, 2015. <br />3.b. An approved use may be exchanged for any other approved use so long as the exchange of <br />uses does not generate additional net external P.M. peak hour trips. <br />3.c. The Master Development Plan attached as Exhibit B reflects phase boundaries and typical <br />parcels; provided, however, the geographic phases of development reflected on the Master <br />Development Plan may be modified, subject to review and approval pursuant to Section <br />915.26(2) and Section 914.06(5)(f) of the Code of Indian River County, so that the number of <br />residential units specified for a given phase in Condition 3.a. may be developed within the <br />geographic boundaries of any phase. The developer acknowledges that if it elects not to <br />follow the geographic sequence of development reflected on the Master Development Plan, <br />the developer's election to develop in a different geographic sequence may cause the <br />acceleration of transportation obligations specified in Conditions 18 through 27, if <br />necessitated by local phasing requirements. <br />3.d. The developer acknowledges that the Project is vested only for traffic concurrency and will <br />not be vested for other facilities pursuant to this Development Order or the Amended <br />Developer's Agreement. The Project may become vested for all other facilities at any time by <br />the developer applying for a concurrency certificate under the County's concurrency <br />management system, obtaining approval for such certificate based upon availability of <br />capacity, and paying all other impact fees. <br />F:\Community Development\Users\CurDev\RESOLUTION\2010 Resolutions\Waterway Village.DOC <br />3 <br />