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DESCRIPTION AND CONDITIONS The "Lost Tree Islands", primarily owned by Lost Tree Village Corporation, and the "Prang Islands". owned by Idlewyld Corporation, are two of ten sites on the County Land Acquisition Advisory Committee's (LAAC's) list of properties under consideration for environmental land acquisition. Failed CARL Application In January, 1993, planning staff submitted a State Conservation and Recreation Lands (CARL) application for 50% funding for the County to acquire the Lost Tree Islands and the Prang Islands. This "River Islands" project application was endorsed by LAAC and authorized by the Board of County Commissioners. In March, 1993, the Land Acquisition Advisory Council of the CARL program held a "4 -Vote" to determine which projects nominated for CARL funds would stay on the state list for further consideration. At this "4 -Vote", a project must receive at least 4 out of 6 votes to stay on the list. The "River Islands" project received a total of 3 favorable votes. Therefore, the project was eliminated from further consideration. LAAC Consideration Since that time, LAAC has considered other potential funding that the County could pursue to acquire the Lost Tree and Prang Islands. At their regular meeting on May 26, 1993, LAAC endorsed a proposal by county staff that the County submit two separate Florida Communities Trust (FCT) applications for these sites, requesting 40% State funding of acquisition costs. The FCT program is presently accepting applications, until the latter part of August, for their third year funding cycle. This matter is herein presented for the Board of County Commissioners to consider authorizing the referenced FCT application submittals. ALTERNATIVES AND ANALYSIS FCT Criteria FCT is a competitive grant program, with applications evaluated in several major categories, scored, and ranked. Because funding requests exceed available monies, only those with the highest ranking receive funds. Of the major evaluation categories, the most important is the relationship of the proposed acquisition to the goals, objectives, and policies of the comprehensive plan of municipality in which the site occurs. The Prang Islands are located wholly within the corporate limits of Vero Beach. The Lost Tree Islands are located within both the City of Vero Beach and the Town of Indian River Shores, with an inconsequential portion located in the unincorporated county. County planning staff have reviewed the comprehensive plans of Vero Beach and Indian River Shores relating to FCT scoring criteria (see attached). It is staff Is conclusion that the Lost Tree Islands and the Prang Islands have a reasonable chance of being approved for FCT funding. 29 L_JUL —61993 Bou 89 Fru. F 99, 5