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RESOLUTION 2010- 037 the County's notice to commence construction, the developer shall commence construction of the following intersection improvements. The developer shall have twelve months to complete the construction from the date of the County's notice to commence construction. In the event the developer fails to commence construction within six months of the developer's receipt of the County's notice or fails to complete construction within twelve months of receipt of the notice, the County shall cease issuing building permits unless and until the developer commences construction or completes construction, respectively. • 45th Street and 58th Avenue: Signalize intersection and add left turn lanes on all approaches 21. No building permits for Waterway Village DRI shall be issued for more than 635 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 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. • 26t1 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 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 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. • 43rd Avenue and 53rd Street: Add northbound right turn and left turn lanes and westbound left turn lane and install flasher convertible signal. 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 F:\Comnnmity Development\Users\CurDev\RESOLUTION\2010 Resolutions\Waterway Village.DOC 7