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FUNDING: <br />There is no direct funding obligation associated with issuing the letter for this grant application. <br />However, should the organization dissolve, or be unable to fulfill its obligations, there would be a <br />direct cost associated with the perpetual management of the parcel through the County's <br />Conservation Lands Program. Any financial obligation assumed by the County, should default occur, <br />would be dependent on the property's condition, any improvements made for public access, and any <br />unfulfilled commitments made in the FCT Grant Agreement/Special Management Conditions. <br />RECOMMENDATION: <br />Staff respectfully requests that the Board of County Commissioners consider the request made by <br />the Land Trust and, if approved, authorize the Chairman to execute the Management Guaranty <br />letter dated December 12, 2023, after review and approval by the County Attorney. <br />ATTACHMENTS: <br />• Draft Florida Communities Trust Management Guaranty Letter <br />• St. Sebastian Greenway Map <br />DISTRIBUTION: <br />Ken Grudens, Executive Director - Indian River Land Trust, Inc. <br />DECEMBER 12, 2023 <br />157 <br />