Title
McKay Community Forest Phase 1 Property Acquisition - Asset Acceptance, Fund Creation, and Supplemental Budget (4/5 Vote Required)
Recommendation
That the Board of Supervisors authorize the Auditor-Controller to accept, on behalf of the Board of Supervisors, the Phase 1 property of the McKay Community Forest as a County asset with a market value of $6,785,000; authorize the Auditor-Controller to establish a new special revenue fund number 1710 (entitled Forest Resources and Recreation) and new budget unit 716 (entitled McKay Community Forest) within the new fund 1710; and adopt the attached supplemental budget (4/5 vote) for Fiscal Year 2014-15, to incorporate funds provided to the County by The Trust for Public Land for start-up costs related to the community forest and funds granted from the Headwaters Fund for development of a management plan.