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ALTERNATIVES & ANALYSIS <br />The proposed resolution reaffirms aspects of the Wabasso Scrub <br />cost -share acquisition project that the County agreed to in <br />executing the Conceptual Approval Agreement. No change has <br />occurred regarding the status.of the project that would warrant a <br />reconsideration of the conditions of the Agreement. Failure on the <br />part of the County to adopt a resolution in accordance with the <br />Agreement would jeopardize state approval of the estimated $480,500 <br />in matching funds. <br />Although the County is reaffirming its willingness and ability to <br />participate in the FCT cost -share acquisition of the Wabasso Scrub <br />site, the County still has the option not to acquire the subject <br />property if acquisition -negotiations are unsuccessful. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners adopt the <br />attached resolution, to fulfill requirements of the Wabasso Scrub <br />Conceptual Approval Agreement with the Florida Communities Trust. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Adams, the Board unanimously (4-0, <br />Chairman Bird being absent) adopted Resolution <br />93-182 reaffirming the County's willingness and <br />ability to participate in a cost -share acquisition <br />with the Florida Communities Trust (FCT) of a <br />property known as the Wabasso Scrub Site, as <br />recommended by staff. <br />RESOLUTION NO. 93-182 <br />A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA <br />REAFFIRMING THE COUNTY'S WILLINGNESS AND ABILITY TO <br />PARTICIPATE IN A COST -SHARE ACQUISITION WITH THE <br />FLORIDA COMMUNITIES TRUST (FCT) OF A PROPERTY KNOWN <br />AS THE WABASSO SCRUB SITE, IN ACCORDANCE WITH AN <br />EXECUTED CONCEPTUAL APPROVAL AGREEMENT RELATING TO <br />SAID PROPERTY <br />WHEREAS, the protection of environmentally significant land is <br />in the public interest; and <br />5 <br />BOOK L OCT 2C 1993 90 f',1GE 8.37 <br />