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J U. L - 6 19 9 3 BOOK Conceptual Approval Agreement 89 PnUF 992 -7 Since the May 10th FCT hearing, FCT staff have visited* the Wabasso Scrub site with county staff to verify site conditions as represented in the project application. In accordance with State procedures, the next step is f or the FCT Governing Body and the County Commission to execute a "Conceptual Approval Agreement". FCT staff have transmitted the attached draft Conceptual Approval Agreement to county staff relating to the subject property. This Agreement will be considered by the FCT Governing Board at its next scheduled meeting on July 8, 1993. Although execution of the agreement by the County is not required prior to the July 8, 1993 FCT Governing Board meeting, it is important that the County review the draft agreement beforehand for general concurrence. For this reason, the draft agreement is presented herein for the Board's consideration. ALTERNATIVES & ANALYSIS The draft agreement consists largely of standard language and conditions pursuant to Rule 9K-4, Florida Administrative Code, which sets forth Florida Communities Trust program procedures. The agreement consists of seven main sections, as follows (paraphrased): General Conditions Requirements Prior to Initiation Of Negotiations County Obligations Relating to Project Plan Approval IV. Project Site Title Conditions V. Obligations as a Condition of Project Funding VI. Obligations Relating to Use of Bond Proceeds VII. Site Specific Management Plan Conditions The General Conditions section of the agreement contains standard language pertaining to timing and coordination of steps between the County and the FCT. Requirements Prior to Initiation of Negotiations outlines a number of steps and time frames including the requirement that the County enter into a multi-party agreement with FCT prior to August 31, 1993, if the County chooses to conduct negotiation activities. Also, the County is required to provide a resolution to FCT by October 31, 1993, with information confirming such things as the property owner being a willing seller, and the County's ability to provide the local match. County Obligations as a Condition of Project Plan Approva . I outlines County documents required prior to FCT disbursement of State funds, including a statement of total project costs, a signed agreement for acquisition, and a management plan consistent with the criteria and conditions within the Conceptual Approval Agreement. Title Conditions relates to State requirements regarding transfer of title procedures. Obligations.as a Condition of Project Funding ensures that any use of the property once acquired will be consistent with the adopted management plan, or, if changes are proposed, that FCT approval is first obtained. Obligations Relating to the Use of Bond Proceeds requires the County to notify FCT if any use of the property is proposed that may af f ect State bond proceeds used in acquiring the property; with respect to legal and tax consequences. 26