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• <br />11.A. ST. SEBASTIAN PUD ENVIRONMENTAL LAND <br />PURCHASE - GRANT AWARD AGREEMENT, COST -SHARE <br />CALCULATION STATEMENT, AND CONCEPTUAL MANAGEMENT <br />PLAN RELATING TO FLORIDA COMMUNITIES TRUST COST - <br />SHARE REIMBURSEMENT <br />The Board reviewed a Memorandum of March 11, 1998: <br />TO: James E. Chandler <br />County Administrator <br />`1 d5&1M; Keating, AICP <br />Community Development Director <br />FROM: Roland M. DeB1oi.-7CP <br />Chief; Environmental Planning <br />DATE: March 11, 1998 <br />SUBJECT: Board Approval of Grant Award Agreement, Cost -Share Callculation Statement, <br />and Conceptual Management Plan Relating to State Cost Share Reimbursement <br />for the "St. Sebastian PUD" Environmental Land Purchase <br />It is requested that the information herein presented be given formal consideration by the Board of <br />County Commissioners at its regular meeting of March 17, 1998. <br />DESCRIPTION AND CONDITIONS <br />The Board of County Commissioners, at a public hearing on October 8, 1996, approved county <br />purchase of the +_312 acre "St. Sebastian Planned Unit Development (PUD)" property using <br />environmental land bond funds. The property is generally located north of Sebastian City Hall, east <br />of the Sebastian Municipal Airport and public golf course. The property is contiguous to the ±76 acre <br />"AGC Industrial Tract," which the County acquired under its environmental lands program. <br />The County closed the purchase of the St. Sebastian PUD property in November, 1996, at a purchase <br />price of $1.1 million (58% of the approved appraised value). In the meantime, the County applied <br />for an after -the -fact 50'/o cost -share reimbursement grain from the Florida Communities Trust (FCT). <br />The FCT subsequently approved the grant, and county staff has coordinated with the FCT over the <br />past year regarding a draft management plan and other documents necessary for the County to obtain <br />FCT cost -share grant reimbursement funds. <br />Attached, for the Board's approval consideration, are three documents required by the FCT for <br />finalization of cost -share reimbursement: a Grant Award Agreement; Statement of Grant Award <br />(Cost -Share) Calculations; and the conceptual management plan. <br />• <br />March 17,1998 <br />51 <br />ti <br />Elollj.amu <br />L <br />