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5 . All buildings , structures , improvements , and signs shall require the prior written <br /> approval of FCT as to purpose . Further, tree removal , other than non -native species , and major <br /> land alterations shall require the written approval of FCT . The approvals required from FCT <br /> shall not be unreasonable withheld by FCT upon sufficient demonstration that the proposed <br /> structures, buildings , improvements , signs , vegetation removal or land alterations will not <br /> adversely impact the natural resources of the Project Site . The approval by FCT of the <br /> Recipient ' s Management Plan addressing the items mentioned herein shall be considered written <br /> approval from FCT. <br /> VIII . OBLIGATIONS OF THE RECIPIENT RELATING TO THE USE OF <br /> BOND PROCEEDS <br /> 1 . FCT is authorized by Section 380 . 510, F . S . , to impose conditions for funding on <br /> Recipient in order to ensure that the project complies with the requirements for the use of Florida <br /> Forever Bond proceeds including without limitation the provisions of the Internal Revenue Code <br /> and the regulations promulgated thereunder as the same pertain to tax exempt bonds . <br /> 2 . Recipient agrees and acknowledges that the below listed transactions , events , and <br /> circumstances , collectively referred to as the " disallowable activities" , may be disallowed on the <br /> Project Site, as they may have negative legal and tax consequences under Florida law and federal <br /> income tax law . The Recipient further agrees and acknowledges that these disallowable <br /> activities may be allowed up to a certain extent based on guidelines or tests outlined in the <br /> Federal Private Activity regulations of the Internal Revenue Service : <br /> a . any sale or lease of any interest in the Project Site to any person or organization ; <br /> b , the operation of any concession on the Project Site by any person or organization ; <br /> C . any sales contract or option to buy things attached to the Project Site to be <br /> severed from the Project Site , with any person or organization ; <br /> d , any use of the Project Site by any person other than in such person ' s capacity as a <br /> member of the general public ; <br /> C . any change in the character or use of the Project Site from that use expected at the <br /> date of the issuance of any series of Bonds from which the disbursement is to be <br /> made ; <br /> f. a management contract of the Project Site with any person or organization ; or <br /> g . such other activity or interest as may be specified from time to time in writing by <br /> FCT to the Recipient. <br /> 03-084-FF3 <br /> November 18, 2003 <br /> Reimbursement Acquisition <br /> - 14 - <br />