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11.A. FLORIDA COMMUNITIES TRUST (FCT) CONCEPTUAL <br />APPROVAL AGREEMENTS FOR COST -SHARE ACQUISITION OF <br />THE HARMONY OAKS, BLUE GOOSE, AND OYSTER BAR LAAO <br />SITES <br />The Board reviewed a Memorandum of November 18,,1998: <br />TO: James E. Chandler <br />County Administrator <br />Mert <br />NT HEAD CONCURRENCE: <br />ea g, CP <br />Community Development Dire for <br />FROM: Roland M. DeBlois <br />Chief, Environmental Planning <br />DATE: November 18, 1998 <br />RE: Approval of Florida Communities Trust (FCT) Conceptual Approval Agreements for <br />Cost -Share Acquisition of the Harmony Oaks, Blue Goose, and Oyster Bar LAAC Sites <br />It is requested that the data herein presented be given formal consideration by the Board of County <br />Commissioners at its regular meeting of December 8, 1998. <br />On April 21, 1998, the Board of County Commissioners authorized staff to apply for 50% cost -share funding <br />grants from the Florida Communities Trust (FCT) for purchase of four sites on the County Land Acquisition <br />Advisory Committee's (LAAC) site list. The four LAAC sites submitted for FCT cost -share funding were: <br />- Harmony Oaks (after -the fact reimbursement) - Oyster Bar Salt Marsh <br />- Blue Goose - Wabasso Scrub Addition <br />Funding Approval <br />At a public hearing on August 27, 1998, the FCT finalized its ranking of 113 applications submitted <br />statewide under the 1998 funding cycle. As a result of the FCT rankings, three of Indian River County's sites <br />finished in the top 10 and were approved for funding: Harmony Oaks (#8); Oyster Bar Salt Marsh (#9); and <br />Blue Goose (#10). <br />The Wabasso Scrub Addition ended up with a ranking of 86. The amount of grant funds available under the <br />1998 cycle, approximately $68.7 million, was enough to fund the top 33 projects; therefore, the Wabasso <br />Scrub Addition did not qualify for funding. <br />Conceptual Approval Agreements <br />Since the August 27, 1998 FCT hearing, FCT staff has visited the three approved project sites with county <br />staff to verify site conditions as represented in the project applications. In accordance with State procedures, <br />the next step is for the FCT Governing Body and the County Commission to execute a "Conceptual Approval <br />Agreement" for each of the three approved cost -share funding projects. <br />December 8, 1998 <br />29 <br />BOOK 9 PAGE892 <br />