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ON MOTION by Commissioner Eggert, <br />SECONDED by Commissioner Adams, the Board <br />unanimously approved a special meeting for <br />Monday, May 4, 1998 at 5:01 p.m. and a regular <br />meeting on Tuesday, May 19, 1998 at 9:05 a.m. to <br />considerthe proposed Land DevelopmentRegulation <br />amendments, as recommended by staff. <br />11.A.2. APPLICATIONS TO FLORIDA COMMUNITIES TRUST <br />(FCT) FOR COST -SHARE FUNDING UNDER THE <br />CURRENT GRANT CYCLE - (SERIES 1998A FUNDING <br />CYCLE) - WABASSO SCRUB ADDITION, HARMONY <br />OAKS, OYSTER BAR SALT MARSH, AND BLUE GOOSE <br />SITES <br />The Board reviewed a Memorandum of April 2, 1998: <br />TO: James E. Chandler <br />County Administrator <br />DE TMENT HEAD CONCURRENCE: <br />Obert M. Keating, CP <br />Community Development 154or <br />FROM: Roland M. DeBlois <br />Chie& Environmental Planning <br />DATE: April 2, 1998 <br />SUBJECT: Approval of Environmental Land Project Submittals for Florida <br />Communities Trust (FCT) Cost -Share Funding Under the Current <br />FCT Grant Cycle <br />It is requested that the information herein presented be given formal consideration by the Board <br />of County Commissioners at its regular meeting of April 21, 1998. <br />The Florida Communities Trust (FCT) recently announced its "Series 1998A" funding cycle for <br />local governments to apply for environmental land acquisition funds. The deadline for <br />submitting applications under this new cycle is April 27, 1998. <br />The total amount of funds available from the FCT under this new cycle, which includes carry- <br />over funds from previous cycles, is approximately $50.06 million. The FCT program, however, <br />limits any one local govemment's award to 10% of the total fimds available. Therefore, <br />approximately $5.06 million in state match is potentially available to Indian River County this <br />cycle. In partnership applications, the share can be as high as 20% ($10.12 million) of the total <br />available funds. <br />APRIL 21, 1998 <br />-65- d+- 1 <br />JPay,_ <br />