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Item C3 LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: August 17, 2000 Bulk Item: Yes No X Department: Land Authority Agenda Item Wording: Approval to submit a grant proposal to the Florida Communities Trust for the purchase of property on Key Largo, Item Background: The BOCC has discussed the concern that a secondary impact of the Key Largo wastewater treatment facility could be increased growth pressures, As a means of addressing this concern, the BOCC initially discussed dedicating County infrastructure sales tax revenue toward the purchase and management of vacant land on Key Largo. More recently (on 6/28/00), the Commission discussed using the sales tax revenue to subsidize the cost of wastewater treatment and requested the Land Authority to assist with the land acquisition initiative. The Florida Communities Trust (FCT) is now accepting proposals for recreation and conservation land acquisition projects located in Areas of Critical State Concern, which would include Key Largo. This program could be used to supplement the $6.5 million in State funding currently available to the Land Authority and to leverage local dollars, The FCT application deadline is September 9, 2000 and there will be at least $2.9 million available. FCT grants cover 50% of land acquisition costs, The local government would be responsible for the balance of the acquisition costs and all other costs such as stewardship and park development. Land Authority staff is currently discussing with County staff a proposal involving $1 million in acquisition funds from the Land Authority, with the specific acquisition sites to be identified in coordination with the Planning Department's Livable CommuniKeys program for Key Largo, An outline of the proposal will be presented at the August 17 Commission meeting. Advisory Committee Action: On 7/26/00 the Advisory Committee discussed the concept of a land acquisition program for Key Largo. Previous Governing Board Action: On 12/9/99, sitting as the County Commission, the Board directed staff to work with the BOCC and the Land Authority in preparing an application for FCT funds. Staff Recommendation: To be provided at the meeting. Total Cost: $ To be determined Budgeted: Yes No X . Cost to Land Authority: $ 1,000,000 Executive Director Approval: ~~TC\2~ l~ark J, Rosch To Follow: X Risk Management Approved By: Attorney ~ Documentation: Included: Not Required: Disposition: Agenda Item LA #3