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• • • AGENDA ITEM 6C STAFF ORIGINATOR: Marty Asleson MEETING DATE: October 25, 2010 TOPIC: Resolution No. 10 -95, Approving the 2011 Management Plan for Conservation Areas in Foxborough. VOTE REQUIRED: 3/5 BACKGROUND The Foxborough Development was approved on August 22, 2005. 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 established by the developer, and annual fees of $100 per lot. Yearly interest from the $100,000 endowment plus the annual $100 per lot Homeowners Association fee establishes the amount of money available to manage conservation easement areas in Foxborough. There are 57 Tots within Foxborough. The annual contribution by the Homeowners Association is $5,700 plus interest accrued. The Homeowners Association is responsible for collecting the funds. The City maintains the collected funds in a designated account. Until sufficient lots are sold within the development, the Developer acts as the Homeowner's Association and has paid dues for 2009. The dues, together with interest from the endowment fund, establish an available fund balance of $11,353.65 as of October 251h, 2010. Additional work shall be performed this fall on non - completed work for 2009 and 2010. As part of Foxborough Development approvals, a Restoration and Management Plan was required that laid out typical 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 plan and monies available. Proposed work plans submitted to the City by the Homeowners Association, which are the product of the ecologist's analysis, are reviewed by the Environmental Board. The Environmental Board then makes a recommendation to the City Council concerning the annual work plan. A similar process is followed to review