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BOOK 94 866 FCS staff has transmitted the attached Conceptual Approval Agreement to county staff relating to the subject property. The Agreement was approved by the FCT Governing Body at its meeting on March 10, 1995, and is presented herein for the Board's consideration. ANALYSIS The agreement consists largely of standard language and conditions pursuant to Rule 9K-41 Florida Administrative Code, the rule which sets forth Florida Communities Trust program procedures. The agreement consists of eight main sections, as follows (paraphrased): I. General Conditions II. Requirements Prior to Initiation of Negotiations III. County Obligations Relating to Project Plan Approval IV. Project Site Acquisition Requirements V. Obligations as a Condition of Project Funding Vi. Obligations Relating to Use of Bond Proceeds VII. Disallowable Activities/Remedies VIII. 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 FCT. Requirements Prior to Initiation of Negotiations outlines a number of steps and time frames including the requirement that the County provide a resolution to FCT, with information confirming such things as property owners being.willing sellers, and the County's ability to provide the local match. Under this section of the agreement, the County has the opportunity to choose whether the County or FCT will be the responsible party for all negotiation and acquisition activities. These activities include overseeing appraisals, surveys, title reports, and environmental audits. The execution of a multi-party agreement is required only if the County opts to be the responsible party for negotiation and acquisition activities. If the County opts for FCT to be the responsible negotiating party, then the land acquisition consultant contracted to assist with the overall county environmental land acquisition program (FloridAffinity) will not be involved with acquisition activities relating to the project. It is staff's position that the County should opt to be responsible for negotiation and acquisition activities for the project. County responsibility for these activities will expedite the acquisition process, and thus provide timely relief to Sebastian Highlands lot owners burdened with federal mitigation requirements. County Obligations as a Condition of Project Plan Approval 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. Acquisition Requirements relates to State requirements regarding transfer of title procedures. Obligations as a Condition of project property once adopted management plan, approval is first obtained. APRIL 18, 1995 of Project Funding ensures that any use acquired will be consistent with the or, if changes are proposed, that FCT 10