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east/west arterial road in the south county from US 1 to I-95. It is expected that the county's third interchange to I-95 will be located at Oslo Road. In Oslo, the blighted area needing redevelopment or revitalization consists chiefly of old platted and unplatted residential areas. Because that area was developed before infrastructure improvements were constructed, many of the roads and lots in the area do not meet county development standards. While increased and continued code enforcement activity is necessary to identify specific structures for repair or removal, a more concerted effort involving individual property owners, the county, and third party developer -financiers will be needed to resolve many of the roadway and infrastructure deficiencies caused by development during the first half of the 20`h century. DEVELOPMENT AND REDEVELOPMENT IN FLOOD PRONE AREAS Generally, development in flood prone areas presents various problems, the most serious of which is the potential for loss of life from flood waters and storm surges. Flooding can also cause loss or damage to property and degradation to the environment. Besides the hazards, development costs may also be higher in those areas due to the extensive site modifications or enhanced building techniques required. Because of high costs and/or environmental limitations, public facilities and services are often not extended to those areas. In 1988, the US Federal Emergency Management Agency (FEMA) completed a Flood Insurance Rate Study for Indian River County. That study identified the limits of Coastal Flood Zones, the 100 -Year Flood Plain and the 500 -Year Flood Plain. As shown on Figure 2.23, the county has a significant amount of flood prone land. At this time, FEMA is updating its flood study of the county and will be issuing new flood maps in 2010-2011. Within the county, the largest flood prone area is west of I-95 and includes the St. Johns Marsh area. Land uses in that area include the marsh, citrus groves, row crops and cattle grazing. The area surrounding the City of Fellsmere also contains flood prone areas which follow the pattern of drainage canals and ditches. That area contains a mixture of agricultural uses and rural residential development on large (5 acre+) lots. East of I-95, flood prone areas are confined to 4 general areas. The first area extends along the east side of I-95 from the Brevard County line to approximately 2 miles north of SR 60 and east to 90th Avenue and the St. Sebastian River. With the exception of the area along CR 512, land uses are limited to cattle grazing and vacant land. A commercial/industrial node is located at the CR 512/I-95 interchange, although much of that node was recently annexed by the City of Fellsmere. Largely undeveloped, the northeast quadrant of that node contains several high-tech industrial manufacturing plants and highway commercial establishments. Immediately south of CR 512 is the Vero Lake Estates Subdivision (see residential land use, vacant land use). A Municipal Service Taxing Unit (MSTU) has been created for that 5,000 lot subdivision to provide for roadway and drainage improvements. Future Land Use Element 127