Assessment of the traffic impact of the proposed development, including estimates of levels of services, shall be provided. In preparing these estimates, assumptions regarding the annual growth rate of existing traffic should be fully documented for a period of 10 years. Capacity determination shall be based upon normally accepted standards, with the basis of these estimates clearly indicated. All substantial applications for development in Waterford Township and neighboring municipalities, which have recently been built, are under construction, have been approved for construction, or are being considered for approval, shall be factored in the analysis. In the event the project is staged over a period of time, independent estimates for each stage shall be provided.