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BOOK iUGPfgGF 7"58 • Cost -Share In 1996, Indian River County submitted an FCT application, which was subsequently approved for 50% cost -share funding, including 50% of pre-acquisition expenditures (e.g., survey, environmental audit, appraisals). • Management Costs Besides cost share, management cost is always an issue with environmental lands acquisition. The FCT program, which is highly competitive state-wide, awards points for projects based on the provision of resource-based public access and use facilities. In order to qualify for FCT cost -share funding, the County obligated itself in its FCT application to provide limited access and resource- based facilities on the overall project property. Specifically, the Conceptual Approval Agreement includes conditions requiring the County to provide nature trails, wetland boardwalks, and wildlife observation piers on the overall Round Island South project property. Because the overall Round Island South project is contiguous to Round Island County Park, which has existing parking and restroom facilities among other improvements, public access improvements on the subject parcels will be minimal. Management of habitat (e.g., exotics removal) is also required under the cost -share agreement. Initial site improvements, such as exotic plant removal, can be paid for with bond referendum funds as part of the property acquisition. Improvements such as observation piers or wetland crossover boardwalks will need to be funded by a source other than referendum monies. Potential funding sources include park development grants, county mitigation funds, and tree removal violation funds. Relating to long term management, the property will be incorporated into the county -wide park system and managed by the County Parks Division in coordination with county environmental planning staff. Volunteer groups will be asked to assist the County with certain aspects of property management such as nature trail up -keep and litter patrol. To fulfill FCT grant requirements, a management plan for the overall project has been drafted by the county's acquisition/management consultants. A draft of the plan is attached. Page 19 of the management plan summarizes estimated management and development costs (see attached). In accordance with County Land Acquisition Guide and FCT procedures, two independent appraisals were obtained to determine an approved appraised value for each of the parcels. The appraisal firms selected were S. E. Baker Group, Inc., and Wingo & Associates, Inc. The appraised values for the parcels are summarized as follows. September 8, 1998 O 0 0