09/20/2010 Env Bd Packet - Laserfiche WebLink

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• • Agenda Item 5A Environmental Board Meeting Date: j September 29, 2010 Topic: Foxburough Conservation Development, Restoration and Management Implementation for 2011 Background: Foxburough is a conservation development that set up a stewardship fund to manage natural resources in conservation easements of the development. The Foxburough 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 Foxburough. In addition, each lot has an annual assessment from the association of $100 for the Conservation fund. Since there are 57 Tots 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, 2010 there is approximately $11,353 in the fund to spend for 2011. 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. Jason Husveth of Critical Connections have submitted the attached Management Proposal documents on behalf of the Foxburough Homeowners Association for your Consideration. Analysis: Critical Connections Foxburough Conservation Development , Lino Lakes, Minnesota Restoration and Management Planning for 2011 is 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.