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100K 95 FACE 609 Community Development Director Robert Keating advised that State Statutes place certain requirements on County acquisition of Florida land. The County has followed all of the procedures set out in the acquisition guide and has properly advertised this public hearing on a FCT purchase contract Option Agreement. This will be the first of two times that the Board will consider this property. This hearing, essentially, is to agree with and execute the option contract and bind the purchaser with respect to selling this property so that the County can go forward with the FCT process. He introduced Charles Hardee, negotiator for the trust funds. Roland DeBlois, Chief of Environmental Planning, reported that at the special LAAC meeting of June 22, 1995, the Committee voted 12-1 to recommend the purchase of this property. County staff 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 FloridaAffinity, Inc. Mr. DeBlois advised that costs for the management plan have been revised since the draft was reviewed: 1. Resource Management Improvements Perimeter fencing/entrance gates $24,000.00 Perimeter firebreak 30,000.00 11)5-755' Interior firebreaks (trails) 11,000.00 vZ 300 Exotic plant removal/management 4,000.00 Miscellaneous equipment and installations —s2,000.00 Subtotal $71,000.00 1g1V 2. Public Access Improvements Parking area and landscape $25,000.00 Shelter 12,000.00 Overlook 5,000.00 Accessible trail 30,000.00 Interpretive signs 3,500.00 Entrance sign LOOO.00 Subtotal 75,500.00 Total $146,500.00 B. Funding Sources Four sources of funding have been identified for management and development of the Conservation Area. Funding from the Indian River County Environmental Lands Acquisition bond program may be used to provide for property security and priority resource management improvements and activities. County mitigation accounts for upland and wetland enhancement projects may also be applied to this project. Funding from the County Land Clearing and Tree Removal Violations accounts are a third source of funds for resource management activities. Operations, staffing and development funds will come from the County Parks Division budget. A potential fifth source of funds may be developed through donations of cash, materials or labor from individuals or businesses in the local area. County staff and the Conservation Area's network of volunteers and. support groups should consider donation fund raising activities as part of their initial efforts. _ 43 JUNE 279 1995 M M