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• • <br />7. Q. Closing Documents for the Purchase of the Hallstrom <br />Farmstead LAAC Site - Florida Communities Trust <br />The Board reviewed a Memorandum of September 11, 2002: <br />TO: James E Chandler <br />County Administrator <br />DPARI MENT HEAD CONCURRENCE: <br />Ro5bert M. Keating, AICP <br />Community Development Dir <br />FROM: Roland M. DeBloi ,AICP <br />Chief Environmental Planning <br />DATE: September 11, 2002 <br />SUBJECT: Board Consideration to Approve Closing Documents for Purchase of the Hallstrom <br />Farmstead LAAC Site <br />ctor <br />It is requested that the Board of County Commissioners formally consider the following information at the <br />Board's meeting of September 17, 2002. <br />DESCRIPTION AND CONDITIONS <br />The Board of County Commissioners, at a public hearing on July 16, 2002, approved county purchase of the <br />+93 acre Hallstrom Farmstead project using environmental land bond funds Purchase of property (three <br />parcels, two sellers) is scheduled to close in October, with 75% cost -share funding from the Florida <br />Communities Trust (FCT). <br />Attached, for the Board's approval consideration, are the following documents required by the FCT to close <br />the purchase: <br />• Grant Award Agreement <br />• "Purchaser's Reconciliation of Total Project Costs" statements (one for each seller) <br />• Addendum I to Conceptual Approval Agreement <br />ANALYSIS <br />Grant Award Agreement <br />The Grant Award Agreement for the Hallstrom Farmstead is a standard document that the FCT requires be <br />recorded in the public records The Agreement explains the County's obligations to manage the property for <br />conservation with compatible public access, as agreed to in the grant application. The obligations in the Grant <br />Award Agreement are consistent with proposed management activities described in detail in the conceptual <br />management plan that the Board has previously approved. <br />Reconciliation of Total Project Costs Statements <br />The Purchaser's Reconciliation of Total Project Costs statements provide a breakdown of acquisition costs, and <br />details concerning the cost -share amount that the County will receive from the FCT for the purchases. As <br />September 17, 2002 <br />43 <br />