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Boox 99 f r1U 15c The County will enter into an interlocal agreement with the City of Sebastian regarding City assistance in policing the property. In all other respects, however, the County will be responsible for property management. County staff has opted to have a management plan for the project (see attached) drafted by the county's acquisition/management consultants, an option which is specified in the County's contract with FloridAffinity, Inc. Page 24 of the draft plan summarizes estimated management and development costs of the project. The management plan for the AGC Industrial Tract Scrub was drafted with knowledge that the County is negotiating purchase of the adjacent +312 acre St. Sebastian PUD property. (County staff has come to terms with the sellers of the St. Sebastian PUD property, and a public hearing on that property has been scheduled for October 8, 1996.) Combined, the two projects total close to 400 acres of conservation land. For this reason, the management plan and development costs were estimated with anticipation of the overall 400 acre management area. Also, because staff anticipate the eventual combining of the AGC Industrial Tract with the St. Sebastian PUD property to create one large management area, the draft management plan proposes to rename the project as the "North Sebastian Conservation Area" for practical and aesthetic reasons. •Appraisals In accordance with County Land Acquisition Guide and FCT procedures, two independent appraisals were obtained to determine an approved appraised value of the property. The appraisal firms selected were Armfield-Wagner and the Lentz - Goodman Group. The appraisals was subsequently certified by a review appraiser (Boyle Appraisal Service), as required by the PCT. The appraised values for the property are summarized as follows. AGC INDUSTRIAL TRACT SCRUB APPRAISER VALUE f DIVERGENCE APPROVED APPR. VALDE Armfield & Wagner $450,000 N/A :450,000 Lentz -Goodman $413,000 8% The negotiated purchase price of $400,000 is 898 of the approved appraised value. •Contract In coming to terms with FCT and county staff on the negotiated purchase price (subject to County Commission and FCT approval), the seller has executed a standard 'FCT purchase contract Option Agreement with minor modifications. A copy of that contract is attached to this staff report. ANALYSIS *Multiple Benefits Environmental Education As with most of the County's proposed acquisitions, the AGC Industrial Tract Scrub purchase will enhance education in the County With this property, the educational function will consist of nature trails and educational displays for the site. Also, the Environmental Learning Center has expressed an interest in using the property as a "satellite" location for xeric scrub educational excursions. Comprehensive Plan Acquisition Commitment Conservation Policy 6.2 of the County Comprehensive Plan commits the County to acquire a minimum of 50 acres of xeric scrub for conservation purposes. Although the County has fulfilled this minimum acreage requirement, "the AGC Industrial Tract project contributes to this policy by conserving +25 acres of xeric oak and pine scrub. The property is also considered a "core" site for Florida scrub jay protection, in the context of a county -wide scrub Jay Habitat Conservation Plan (HCP). The project also furthers objectives in the City and County comprehensive plans relating to open space, aquifer primary recharge area protection, and rare species conservation. SEPTEMBER 17, 1996 26 M M M