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Addition. The proposed addenda, already approved by the FCT, will extend the grant project deadlines six months beyond the current grant expiration dates. In addition to extending the expiration dates of the referenced FCT grants, the attached addenda amend the original Conceptual Approval Agreements for each project by adding a section on audit requirements, per the Florida Single Audit Act (Sec. 215.97, Florida Statutes). The Florida Single Audit Act provides uniform state audit requirements for state financial assistance provided by state agencies over an audit threshold of $300,000. Since the FCT is a state agency, the FCT has expanded its documents to include reference to Audit Act requirements. According to the County Budget Manager, county staff is fully aware of Florida Single Audit Act requirements, and the County complies with Audit Act requirements under its regular auditing procedures. As such, the additional language in the attached addenda will not result in additional work or county responsibility, per se, but only expands the FCT agreements to bring attention to state audit requirements already in play. Ovster Bar Salt Marsh The Oyster Bar Salt Marsh "Addendum 3 to Conceptual Approval Agreement" will extend the FCT grant until January 27,200 1, to allow finalization of the project purchase. The County's land acquisition consultant (FloridAffinity, Inc.) has made progress with negotiations based on FCT approved appraisals. Option contracts with two of the key landowners within the project are close to being finalized. A six month extension will allow negotiations to continue for this multiple ownership project. Oslo Riverfront South The Oslo Riverfront South "Addendum 1 to Conceptual Approval Agreement" will extend the FCT grant until February 28, 2001. Indian River County, in coordination with the FCT, has closed on two of the three ownerships in the project. The remaining "Diamond parcel" is currently under negotiation. This extension will allow for continuing negotiations relating to the Diamond parcel. North Sebastian C.A. Addition The North Sebastian Conservation Area Addition "Addendum 2 to Conceptual Approval Agreement" will extend the FCT grant until February 28, 2001. The County purchased the subject property in March 1999, and is seeking cost -share reimbursement under the FCT grant. Appraisals and other acquisition documents have been reviewed and accepted by FCT staff. What remains is for the County to revise the current - - management plan for the North Sebastian Conservation Area to include the addition. An extension to the CAA is requested to allow finalization of management plan revisions in conjunction with County submittal of a project plan. Wabasso Scrub C.A. Addition The Wabasso Scrub Conservation Area Addition "Addendum 2 to Conceptual Approval Agreement" will extend the FCT grant until February 28, 2001. County staff is currently negotiating a purchase contract for this one -ownership addition to the Wabasso Scrub Conservation Area, and is hopeful that a contract will be forthcoming in the next few months. The grant extension will allow staff to finalize a purchase contract and project plan. Staff recommends that the Board of County Commissioners authorize the Board Chairman to execute the attached agreement addenda for the Oyster Bar Salt Marsh; Oslo Riverfront South; North Sebastian C.A. Addition; and Wabasso Scrub C.A. Addition LAAC projects. October 3, 2000 33 6KiI5PG271 I