06/24/2013 Env Bd Packet - Laserfiche WebLink

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• • • AGENDA ITEM 5A STAFF ORIGINATOR: Marty Asleson MEETING DATE: June 24, 2013 TOPIC: Foxborough Management Plan /Discussion and recommendations BACKGROUND The Foxborough Development was approved on August 22, 2006. Foxborough is a conservation development that set up a stewardship fund for implementing the management plan for conservation easement areas set aside within the geographic limits of the development. Covenants and restrictions have been written subjecting all those who purchase property in Foxborough to a Homeowners Association with conservation easement use restrictions, yearly management work plan approvals by the City, and annual fees for the maintenance of conservation areas. The Conservation Fund for Foxborough consists of a $100,000 endowment Fund established by the developer, and annual fees of $100 per lot. Yearly interest from the $100,000 endowment plus the $100 per lot Homeowners Association fee establishes the amount of money available to manage conservation easement areas in Foxborough. There are 57 lots in Foxborough. The annual contribution by the Homeowners Association is $5700 plus interest accrued. The Homeowners Association is responsible for collecting the funds and the City maintains the collected funds in a designated account. The Developer acts as the Homeowners Association at this time. The dues, together with the interest from the endowment fund, establish an available balance of slightly more than $11,400 for 2012 and 2013. Work was not done in 2012. As part of Foxborough approvals, a Restoration and Management Plan was required that laid out work schedules for the conservation areas. Each year the Homeowners Association must hire an ecologist to make recommendations concerning the management of the Foxborough conservation areas relative to the monies available. The proposed work plan for 2013 is attached for your review and recommendations.