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RESOLUTION 2010- 037 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. • 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. • SR 60 and 43rd Avenue: Add a northbound Left turn lane and a southbound right turn lane. • 43rd Avenue and 49th Street: Add left lanes on all approaches and install flasher convertible signal. 25 No building permits for Waterway Village DRI shall be issued for more than 1,150 dwelling units or after December 31, 2009, 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. • SR60 and 58th Avenue: Add northbound and southbound through (three lanes each) and right turn lanes. Add eastbound and westbound left turn lanes (two lanes each). 26. No building permits for Waterway Village DRI shall be issued for more than 1,554 dwelling units or after December 31, 2011, 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 F:\Community Development\Users\CurDev\RESOLUTION\2010 Resolutions\Waterway Village.DOC 8