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property was submitted to the FCT for 50% funding in lieu of County efforts to obtain cost -share funding from the St. Johns River Water Management District (SJRWMD), based on indications that SJRWMD is reluctant to commit to 50% funding of river -front lands which include relatively expensive uplands (vs. wetlands). Funding Approved On December 3, 1996, the FCT Governing Body held a public hearing in Tallahassee regarding seventh -year -cycle FCT grant applications. The purpose of the hearing was to finalize the scoring and ranking of each submitted project. Out of 62 applications submitted state- wide, the Round Island South and the St. Sebastian PUD properties ranked 6th and 11th (respectively), and as a result were approved to receive cost -share funding. Conceptual Approval Agreement Since the December 3rd FCT hearing, FCT staff has visited the subject properties with county staff to verify site conditions as represented in the project application. In accordance with. State procedures, the next step is for the FCT Governing Body and the County Commission to execute a "Conceptual Approval Agreement" for each of the two projects. Because the St. Sebastian PUD property is located within the City of Sebastian, the City Council must also execute that agreement for full approval. ANALYSIS The agreements consist largely of standard language and conditions pursuant to Rule 9K-4, Florida Administrative Code, the rule which sets forth Florida Communities Trust program procedures. The agreements consist of eight main sections, as follows (paraphrased): I. General Conditions II. Requirements Prior to Initiation of Negotiations III. 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, and among other things identifies the key contact from the County for purposes of coordinating project activities. Requirements Prior to Initiation of Negotiations outlines a number of steps and time frames including the requirement that the County identify and authorize a representative of the County to execute all FCT documents relating to the acquisition. This section also includes reference to a required Confidentiality Agreement (Exhibit "B" attached), which must include the names and signatures of local representatives who will be privy to confidential appraisals during the negotiation process. 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. �ooK rUE � 19 FEBRUARY 11 1997 i