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• <br />• <br />• <br />STAFF ORIGINATOR: <br />MEETING DATE: <br />TOPIC: <br />VOTE REQUIRED: <br />BACKGROUND <br />AGENDA ITEM 6B <br />Marty Asleson <br />April 14, 2008 <br />Resolution Approving the 2007/2008 Management Plan <br />for Conservation Areas in Foxborough and the <br />Disbursement of Foxborough Conservation <br />Management Stewardship Funds for work Completed In <br />2007. <br />3/5 <br />Foxborough Development was approved on August 22, 2005. Foxborough is a <br />conservation development that set up a stewardship fund for implementing the <br />management plan for conservation easement areas set aside inside the geographic <br />limits of the development. Covenants and restrictions have been written subjecting all <br />those who purchase property in Foxborough to a Homeowners Association with <br />conservation easement use restrictions, yearly management work plan approvals by the <br />City, and annual fees for the maintenance of conservation areas. <br />The Conservation Fund for Foxborough consists of a $100,000 endowment established <br />by the developer, and annual fees of $100 per lot. Yearly Interest off of the $100,000 <br />endowment, plus the annual $100 per lot Homeowners Association fee establishes the <br />amount of money available to manage conservation easement areas in Foxburough. <br />There are 57 Tots within Foxborough. The annual contribution by the Homeowners <br />Association is $5,700 plus interest accrued. The Homeowners Association is <br />responsible for collecting the funds and the City maintains the collected funds in a <br />separate account. Until sufficient lots are sold within the development, the Developer is <br />the Homeowner's Association and has paid dues for two years ($11,400). The dues, <br />together with interest from the endowment fund establishes an available fund balance of <br />$22,849 for 2007 and 2008. <br />As part of Foxborough Development approvals, a Restoration and Management Plan <br />was required that laid out typical work schedules for the conservation areas. Each year, <br />the Homeowner's Association must hire an ecologist to make recommendations <br />concerning the management of the Foxburough Conservation Areas relative to the plan <br />and monies available. Proposed work plans submitted to the City by the Homeowner's <br />Association that are the product of the ecologist's analysis, are reviewed by the <br />Environmental Board. The Environmental Board then makes a recommendation to the <br />