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Item M17 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: 3 /21 /2012/Marathon Division: BOCC Bulk Item: Yes No x Department: DISTRICT FIVE Staff Contact /Phone #: Donna Hanson 453 -8787 AGENDA ITEM WORDING: Approval for a project that proposes growth improvements to the coral reef system of a waiver of TDC policy that requires a long -term lease by a not - for - profit entity seeking funding for a capital project for property that the entity does not own, provided that the proposer obtains or has obtained any necessary state and federal environmental permits. ITEM BACKGROUND: Application was made for TDC capital project funding of a project whereby cells would be attached to the coral reef at a variety of locations to generate growth of the reef. Due to a policy approved by TDC and the BOCC requiring ownership or long -term leases, the proposal was denied in the most recent round of capital project funding. However, because the reef is in the public domain and the expected improvements to the reef, which is in the public domain, will have enormous impacts on preserving and encouraging the tourism based economy of the Florida Keys, the BOCC is being requested to waive the policy requirement of a long -term lease for this project. PREVIOUS RELEVANT BOCC ACTION: CONTRACT /AGREEMENT CHANGES: STAFF RECOMMENDATIONS: TOTAL COST: n/a INDIRECT COST: BUDGETED: Yes No DIFFERENTIAL OF LOCAL PREFERENCE: COST TO COUNTY: SOURCE OF FUNDS: REVENUE PRODUCING: Yes No AMOUNT PER MONTH Year APPROVED BY: County Atty OMB /Purchasing Risk Management DOCUMENTATION: Included Not Required_x DISPOSITION: AGENDA ITEM # M d /