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issuin buildin <br />RESOLUTION 2-0492010- <br />ermits unless and until the develo.er commences construction <br />or com.letes construction <br />res . ectivel <br />The following intersection im.rovement <br />shall be completed as part of the four-laning of that se ' ment: <br />• 49th Street and 58th Avenue: Signalize intersection and add left <br />tum lanes on all approaches <br />20b. The Count shall notif the developer after the County acauires all necessa <br />ri'hts-of-wa and com•letes the design for the followin�_.ro'ect. Within six 6 <br />'s notice to commence construction the <br />months <br />developer shall commence construction of the following intersection <br />improvements. The develo.er shall have twelve months to com.lete the <br />construction from the date of the County's notice to commence construction. In <br />the event the developer fails to commence construction within six months of the <br />developer's receipt of the Count 's notice or fails to com.lete construction within <br />twelve months of receipt of the notice, the County shall cease issuing building <br />.en -nits unless and until the develo.er commences construction or com.letes <br />construction, respectively. <br />• 45th Street and 58th Avenue: Signalize intersection and add left <br />turn lanes on all approaches <br />21. No building permits for Waterway Village DRI shall be issued for more than 635 <br />dwelling units or after December 31, 2006, whichever occurs later, until either: 1) <br />contracts have been let for the intersection improvements identified below; or 2) the <br />improvements identified below have been included within the first two years of either <br />the Indian River County adopted Road Building Program, or the Florida Department <br />of Transportation adopted Five Year Work Program; or 3) a local government <br />developer's agreement has been executed and attached as an exhibit to the DO. <br />Surety shall be provided to the satisfaction of Indian River County or the Florida <br />Department of Transportation that sufficient funds will be available to complete the <br />following intersection improvements, including signalization modifications as <br />warranted by County or State criteria. <br />• 26th Street and 43rd Avenue: Add northbound, southbound, <br />eastbound, and westbound right -turn lanes. <br />rom the date of the Count <br />22. No building permits for Waterway Village DRI shall be issued for more than 731 <br />dwelling units or after December 31, 2006, whichever occurs later, until either: 1) <br />contracts have been let for the intersection improvements identified below; or 2) the <br />improvements identified below have been included within the first two years of either <br />the Indian River County adopted Road Building Program, or the Florida Department <br />of Transportation adopted Five Year Work Program; or 3) a local government <br />developer's agreement has been executed and attached as an exhibit to the DO. <br />Surety shall be provided to the satisfaction of Indian River County or the Florida <br />RM: 7375429: 1 <br />8 <br />