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WHEREAS , the FCT Governing Board met on October 2 - 3 . 2003 , to score , rank , and select projects to receive approval for funding ; WHEREAS , the Recipient ' s project , described in an application submitted for evaluation , was selected for funding and in accordance with Rule Chapter 9K - 7 , F . A . C . , and as more particularly described within this Agreement : WHEREAS , Rule 9K4 .009( 1 ), F . A .C . , authorizes FCT to impose conditions for funding on those FCT applicants whose projects are selected for funding ; and WHEREAS , Rule M4 . 003 ( 5 ) F . A . C . , recognizes real property owned by the Recipient and included in the application as part of the Project Site as an eligible source of local match , provided that real property owned by the Recipient is acquired by the Recipient within 18 months after the application deadline for which the application was made . The date of this application deadline was June 10 , 2003 ; WHEREAS , the Recipient will acquire the fee simple title to the entire Project Site prior to December 10, 2005 from STELLA A . ARENDAS ( Insert name [ s ] ) ; WHEREAS , the Recipient has requested disbursement of FCT Florida Forever Bond proceeds from FCT subsequent to the closing on the acquisition of the Project Site for the project costs expended for the acquisition of the Project Site by the Recipient ; and WHEREAS , the purpose of this Agreement is to set forth the conditions of approval that must be satisfied by Recipient prior to the disbursement of any FCT Florida Forever funds awarded, as well as the restrictions that are imposed on the Project Site subsequent to its cost reimbursement with the Bond proceeds . NOW THEREFORE , FCT and Recipient mutually agree as follows : I. GENERAL CONDITIONS 1 . At least two original copies of this Agreement shall be executed by the Recipient and returned to the FCT office at 2555 Shumard Oak Boulevard, Tallahassee , FL 32399 - 2100 , as soon as possible and before December 18, 2003 . If Recipient requires more than one original document, the Recipient should photocopy the number of additional copies needed, and then execute each as an original document. Upon receipt of the signed Agreements , FCT will execute the Agreements , retain one original copy and return all other copies that have been executed to the Recipient . 03-084-FF3 November 18, 2003 Reimbursement Acquisition -2 -