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• <br />9.B.4. PUBLIC DISCUSSION ITEM - APPLICATIONS FOR <br />FLORIDA COMMUNITIES TRUST (FCT) COST -SHARE <br />FUNDING UNDER THE CURRENT FCT GRANT CYCLE <br />FOR LOST TREE ISLANDS AND THE HALLSTROM <br />FARMSTEAD <br />The Board reviewed a Memorandum of July 31, 2001: <br />TO: James E. Chandler <br />k-uunr, _ ,1/41n:Ini;;rawr <br />D AR 1E. T HEAD CONCURRENCE: <br />/' <br />1‘e, � - Robert M. M. heating, AICP <br />Community Development Director <br />FROM: Roland M. DeBlois, MCP <br />Chief, Environmental Planning <br />DATE: July 31, 2001 <br />RE• Request for Board Approval to Submit Applications for Florida Communities Trust (FCT) <br />Cost -Share Funding Under the Current FCT Grant Cycle for the Lost Tree Islands and the <br />Hallstrom Farmstead <br />It is requested that the data herein presented be given formal consideration by the Board of County Commissioners at <br />its regular meeting of August 7 2001. <br />DESCRIPTION 4NI) CONDITIONS <br />The Flonda Communities Trust (FCT) recently announced its 2001 grant funding cycle for local governments to apply <br />for environmental land acquisition funds. The deadline for submitting applications under this new cycle is August 11 <br />2001. The total amount of funds available from the FCT under this new cycle, statewide, is approximately S66 million. <br />The FCT program, however, limits any one local government's award to 10% of the total funds available. Therefore, <br />approximately $6.6 million in state match is potentially available to Indian River County this cycle. <br />The County Land Acquisition Advisory Commitee (LAAC), at its meeting on July 25, 2001, considered the FCT cost - <br />share funding opportunity and which LAAC acquisition sites to subrrut under the current cycle (see attached unapproved <br />LAAC meeting minutes.) Staff now requests that the Board authorize staff to submit cenam land acquisition sites to <br />the FCT for funding under the 2001 grant cycle, as further described herein. <br />Al TERNATIVFS & ANA! PSIS <br />Following is a break -down of anticipated cost -share funding for LAAC sites (not including projects already acquired <br />or with approved purchase contracts): <br />AUGUST 7, 2001 <br />-60- <br />BKII9PG0714 <br />• <br />