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Comprehensive Plan Capital Improvements Element some project time frames have been extended, none of the extensions will impact development project concurrency reservations. With respect to transportation projects, available roadway capacity has recently increased because concurrency certificates for some development projects with vested trips have expired. These trips are now reflected as available in the County's concurrency management system. It is also anticipated that additional concurrency certificates will soon expire. For some of those projects, owners will not re- apply for new concurrency certificates if non -traffic impact fees would be due or if the owner decides not to pay for the updated traffic analysis which would be required with any new concurrency application. With respect to transportation funding, MOT has recently agreed to take over management and funding of CR 510 between CR 512 and 58th Avenue. This has freed up some available funds for the County. Those funds are now being reflected in other transportation projects, including 66`h Avenue between 83`d Street and 491h Street. Other projects in the Transportation 5 year CIP schedule are included; however, notes have been added to the schedule indicating that completion of the projects is dependent upon extension of the local one cent sales tax. By extending the timeframe of transportation projects, the County can utilize its limited resources to complete priority concurrency related projects within the overall capital improvements program. In effect, the County needs to delay some projects so that other projects will remain fundable and so that additional priority projects maybe funded. By funding necessary projects and other priority projects, and by extending the time frames for other projects, the County is maintaining a financially feasible capital improvements element. Priority Transportation Capital Improvements Program The Priority Transportation Capital Improvements Program is a list of transportation projects for which a specific start date and a specific completion date are listed. As allowed by state law, the County considers the additional capacity to be produced by those roadway improvement projects as being available now for concurrency purposes. As such, a development project impacting a deficient link can proceed despite the deficient link, where a roadway improvement project for the deficient link will be under construction no later than three years after issuance of the first building permit for the development project. In 2010, because of lower demand and/or a slower increase in demand on area roadways from the depressed housing market and the pending expiration of concurrency certificates for previously approved developments, it was determined that the Priority Transportation Capital Improvements Program (PTCIP) was no longer needed, and was removed from the CIE. Given the slow increase in demand due to the gradually recovering housing market, the PTCIP has not been re -introduced at this time. Community Development Department Indian River County Adopted -o 1 , 2015, Ordinance 2015- d 1 32