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M M Specifically, conditions of the Conceptual Approval Agreement include County provision of a limited parking area, nature trial, picnic area, wetland boardwalk, and informational display. The County is also obligated in the FCT Agreement to remove invasive exotic vegetation, as applicable, and implement a resource management plan in coordination with forestry and wildlife agencies. A number of initial site improvements, including fencing, exotic plant removal, and resource management (e.g., prescribed burn) can be paid for with bond referendum funds as part of the property acquisition. Improvements such as limited parking access will need to be funded by a source other than referendum monies. Potential funding sources include park development grants, county mitigation funds, and tree removal violation funds. Relating to long term management, the property will be incorporated into the county -wide park system and managed by the County Parks Division in coordination with county environmental planning staff. Volunteer groups will be asked to assist the County with certain aspects of property management such as nature trail up -keep,' Brazilian pepper control, and litter patrol. County staff have opted to have a management plan for the project drafted by the county's acquisition/management consultants, an option which is specified in the County's contract with FloridAffinity, Inc. Attached is a draft management plan for the Wabasso Scrub property, completed by the consultants. •Appraisals In accordance with County Land Acquisition Guide and FCT procedures, two independent appraisals were obtained to determine an approved appraised value. The two appraisal firms selected were Armfield-Wagner Appraisal & Research, Inc., and Real Property Analysts, Inc. The appraisals were subsequently certified by a review appraiser (Boyle Appraisal Service), as required by the FCT. [These appraisals are available for inspection on file at the county planning division's office.] The appraised values are summarized as follows. WABASSO APPRAISALS APPRAISER VALDE % DIVERGENCE APPROVED APPR. VALDE Armfield-Wagner $1,200,000 - - RPA, Inc. $1,280,000 6.6 $ - $1,280,000 The negotiated purchase price of $1,150,000 is 90% of the approved appraised value. *Contract In coming to terms with county staff on the negotiated purchase price (subject to County Commission and FCT approval), the seller(s) have executed a standard FCT purchase contract Option Agreement with minor modifications. A copy of that contract is attached to this staff report. 40 JUNE 27, 1995 mu f,ArLv606