06/24/2009 Env Bd Packet - Laserfiche WebLink

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• • • Agenda Item 5A Environmental Board Meeting Date: June 24, 2009 Topic: Expenditure Review, Yearly Work Plan for Foxborough Development and Recommendations. Background: Foxborough is a conservation development that set up a stewardship fund to manage natural resources in conservation easements of the development. The Foxborough Stewardship fund was established to provide a funding source for the maintenance, repair and improvement of conservation areas. The Developer contributed $100,000.00 as an endowment to the establishment of the fund. Interest earned each year on the $100,000 is the providing source of funds for scheduled work to be done. In addition, each lot has an annual assessment from the association of $100 for the Conservation fund. Since there are 57 lots in the development, $5700 is contributed each year to the fund. The Association will pay the annual Fund payments for each of the 57 lots within the development to the City on or before January 31 of each year. The City is the custodian of the Fund and is responsible for the management of the Fund. As of January 1, 2009, there is approximately $12,690 in the fund to spend for 2009. The Association is responsible each year to write a management proposal for the conservation areas, within the scope of yearly budget. This plan must be approved by the City and then the funds are released after completion of the work plan. Mr. Marcel Ebensteiner, North Oaks Realty and Jason Husveth of Critical Connections have submitted the attached Management Proposal documents for your Consideration. Analysis: Critical Connections Foxborough Conservation Development, Lino Lakes, Minnesota Restoration and Management Planning for 2009 and 2010 are attached. This document describes work that is within the budget constraints of the endowment fund. The submittal includes two years of work plan so that the spring burn can be incorporated prior to another work plan submittal. Recommendation: Approve the Maintenance Plan for Foxborough for 2009/2010 Attachment: 1. Foxborough Conservation Development, Lino Lakes Minnesota Restoration and Management Planning for 2009 and 2010