10/02/2018 (2) - Laserfiche WebLink

Home Browse Search

[2. F l INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. Brown, County Administrator FROM: Richard B. Szpyrka, P.E., Public Works Director SUBJECT: Waterway Village Second Amendment to the Amended Developers Agreement DATE: September 18, 2018 DESCRIPTION AND CONDITIONS In accordance with the Waterway Village Development of Regional Impact (DRI) development order approved by Indian River County in 2004 and amended in 2010, the project developer (now Pulte Homes, Inc.) is obligated to begin construction of a four -lane segment of 58th Avenue between 49th Street and 53rd Street in 2019. The intersection improvements by the Developer for the 58th Avenue intersections at 49th Street and 53rd Street include left turn lanes for all approaches, signalization, sidewalks, and pedestrian crosswalks. The improvements at 49th Street correspond with Action Item 10.2 of the 2014 Gifford Neighborhood Plan, which identifies improvements to the intersection of 49th Street and 58th Avenue. At the August 15, 2017 Board Meeting, staff presented to the Board a synopsis of numerous development possibilities in this area. There have been a number of residential development projects initiated or initially proposed in the area of this segment of 58th Avenue, including Providence Pointe, Mandala Club, and Bent Pine Preserve while several others in the vicinity (including Huntington Place, Brae Burn, and Vero Lago) continue to construct new homes. Approval of development on the west side of 58th Avenue has included conditions for extending 53rd Street west, toward 66th Avenue. At the same time, the Board of County Commissioners has approved through its Capital Improvements Element (CIE) other transportation improvements in the area, including extending 53 d Street from 58th Avenue to 66th Avenue and extending the four -lane segment of 66th Avenue north to CR -510. Planning for those improvements recognizes 66th Avenue as a major north/south route and 53rd Street as a major east/west mid -county route. As a follow-up to the last CIE update, County staff considered ways to partner with local developers to implement mid -county improvements, as well as ways to leverage the road widening investment already committed by developers in order to address anticipated future traffic demand in and through the area. The Board approved the concept provided by staff and authorized staff to negotiate a developer's agreement with the Developer of Waterway Village. To that end, County Public Works and Community Development staff met with representatives from Waterway Village and discussed ways to extend the four-laning of 58th Avenue an additional 3,500 feet north of the current project limits required under the DRI development order. When complete, the expanded roadway would be capable of handling 243