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Board of County Commissioners Meeting Minutes - Final February 11, 2025 improvements needed due to the development. Right-of-way dedications would include roughly 3,534 square feet on 16th Street and a section on 98th Avenue. Required traffic improvements depended on the potential development of Venetian Groves, including traffic signals and lane improvements. Upon receiving the land development permit, the Developer would pay $307,200 based on the impact of 384 units at $800 per unit. Commissioner Moss sought further clarification regarding the traffic study conducted by McKenzie Engineering and Planning Inc., particularly concerning the area of influence. The study highlighted the Oslo Interchange, which was anticipated to be operational by the completion of the development, projected for 2029, affecting both properties, Harmony Isles and Venetian Groves, as outlined in the Developer's Agreement. The report noted that Oslo Road through Fourth Street showed no expected impacts. Attorney Prado suggested consulting with staff for their assessment and to direct this inquiry to the Traffic Engineer for clarity. Public Works Director Addie Javed appreciated Commissioner Moss' concerns and assured her the plan had been properly vetted. County Administrator John Titkanich sought confirmation from Director Javid that if Venetian Groves did not develop based on this agreement, the existing traffic and background conditions would not change. Director Javid confirmed this was correct; in that case, it would not push the traffic levels over the 80% capacity threshold. Therefore, they would not be legally required to take any action. However, if Venetian Groves did proceed with development, they would be required to address the traffic concerns at that point. Chairman Flescher opened the Public Hearing. Attorney Pete Sweeney, on behalf of the Firm MTC Law and the Applicant, stated that Section 7 of the agreement addressed potential traffic complications due to the Venetian Groves development, which would consist of 900 units. The Harmony Isles project was only one-third the size and alone did not contribute to traffic issues, but completion of both developments would total 1,200 units. Responsibilities outlined in Scenario A and Scenario B depended on the progression of Venetian Groves. Multiple meetings had been held and traffic expert Shaun MacKenzie of MacKenzie Engineering was available to address technical concerns related to the project. The development had already received approval through necessary Ordinances and planning processes. The agreement ensured the County incurred no costs for the development, clarifying the financial responsibilities among multiple developers. Indian River County, Florida Page 12