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on State roads. Indian River County and Florida Department of <br />Transportation shall establish a date for the installation of <br />any signalization required at the above referenced <br />intersections. The issuance of building permits for the <br />project shall cease if signalization is not installed within <br />one year of the established date. <br />46. No more than one signalized intersection and one full median <br />opening designed in accordance with applicable Florida <br />Department of Transportation (FDOT) standards shall be allowed <br />along SR 60 between 66th Avenue and 58th Avenue unless <br />otherwise approved by FDOT and Indian River County. <br />47. As a minimum, the developer shall pay a fair share <br />contribution consistent with the road impact fee ordinance of <br />Indian River County in effect at the time of issuance of <br />building permits. Any DRI Development Order exaction or fee <br />shall be credited toward an impact fee or exaction imposed by <br />local ordinances for the same need. <br />48. Commencing in 1997, the developer shall undertake a traffic <br />monitoring program which shall be updated on an annual basis <br />and included in the Annual Report as identified in the <br />Development Order. The developer shall submit a Traffic <br />Monitoring Report to Indian River County for 16th/17th Street <br />from 43rd Avenue to 27th Avenue. The methodology to be used <br />when preparing the Report shall be discussed and agreed to at <br />a meeting between Indian River County, the City of Vero Beach, <br />and the developer held prior to 1997. <br />As a minimum, the report shall: <br />a. present existing traffic volume; <br />b. present existing level of service with all analysis used <br />to determine the level of service; <br />c. determine traffic projections for each roadway link and <br />intersection for one year into the future including <br />background, discounting all new traffic from other <br />projects in Indian River County, plus project traffic; <br />d. specify improvements necessary to provide Level of <br />Service D for peak-hour/peak-season conditions on the <br />monitored roadway links and intersections; and <br />e. identify methods for funding the necessary roadway <br />expansions. <br />Commencing in the year 1997, no further building permits for <br />the Indian River Mall Development of Regional Impact shall be <br />issued after three months from the due date of the Annual <br />Report as established in the Development Order, until the <br />Traffic Monitoring Report referenced above has been submitted <br />to and approved by Indian River County and the City of Vero <br />Beach. <br />No further certificates of occupancy shall be issued for the <br />Indian River Mall Development of Regional Impact within a year <br />of the date of the Traffic Monitoring Report until roadway <br />expansions, if any, specified in the approved Traffic <br />Monitoring Report are under construction. Monitoring of the <br />roadway links may be discontinued once expansion of the <br />roadway link to a four -lane cross-section is under <br />construction or by buildout of the Indian River Mall. <br />49. Commencing in 1995 and continuing every year thereafter, the <br />developer shall submit an Annual Status Report indicating the <br />CODING: Blocked -out wording is to be deleted. Words underlined <br />are additions. <br />11 <br />