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2003-325
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2003-325
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Last modified
12/20/2016 12:10:05 PM
Creation date
9/30/2015 7:09:04 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
12/02/2003
Control Number
2003-325
Agenda Item Number
7.O.
Entity Name
Florida Department of Community Affairs
Subject
Orca South Link LAAC Site
Archived Roll/Disk#
3208
Supplemental fields
SmeadsoftID
3541
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7 . The FCT Florida Forever award granted to the Recipient will in no event exceed <br /> the lesser of Forty Percent ( 40 . 00% ) of the final total eligible project costs , as defined in Rule <br /> 9K - 7 . 002 ( 29 ) , E . A . C . , or Eighty Eight Thousand Dollars And No Cents ( S88 , 000 . 00 ) , unless the <br /> FCT approves a different amount . after determination of the Maximum Approved Purchase Price <br /> as provided in Rule 9K - 8 . 007 , F . A . C . , and which shall be reflected in an addendum to this <br /> Agreement . The amount of the grant shall not exceed the Limitation of Award provided in Rule <br /> 9K - 7 . 003 ( 3 ) . F . A . C . , and as advertised in the Notice of Application . <br /> 8 . The grant amount stated in paragraph 7 above is based on the Recipient ' s estimate <br /> of total project costs in its Application , as well as limits on awards in the notice of application <br /> period announcing the application cycle . When disbursing funds for the project, the FCT will <br /> recognize the actual total project costs , defined in Rule 9K4 . 002( 29 ) , F . A . C . , for acquisition of <br /> the Project Site . The total project costs will be reflected on a grant reconciliation statement <br /> prepared pursuant to paragraph 10 below . The FCT will participate in the land cost at either the <br /> actual purchase price , or the Maximum Approved Purchase Price based on appraisal reports that <br /> comply with requirements set forth in Rule 9K4 . 007 , F . A . C . , whichever is less , and multiplied <br /> by the percent stated in paragraph 7 above . <br /> 9 . The FCT Governing Board selected the Recipient' s Application for funding to <br /> acquire the entire Project Site identified in its Application . The FCT reserves the right to <br /> withdraw or adjust the FCT award if the acreage that comprises the Project Site is reduced or the <br /> project design in changed so that the objectives of the acquisition cannot be achieved . Any <br /> request for modification of the boundary of the Project Site identified in the Application may be <br /> considered by the FCT following the procedures for submission and review of boundary <br /> modification requests set forth in Rule 9K4 .010 , F . A . C . <br /> If the Project Site is comprised of multiple parcels and multiple owners , an Acquisition <br /> Plan was required in the application . The FCT reserves the right to withdraw or adjust the FCT <br /> award if the priority parcel ( s ) , or a significant portion of the Project Site identified in the <br /> Acquisition Plan , incorporated by reference herein and attached as Exhibit " A , " cannot be <br /> acquired . Approval of the Grant Contract shall constitute approval of the Acquisition Plan by <br /> FCT . <br /> 10 , The FCT funds shall be delivered either in the form of eligible project costs <br /> prepaid by FCT to vendors or in the form of a State of Florida warrant to the Recipient . FCT <br /> award funds shall only be delivered after FCT approval of the Project Plan and terms of the <br /> acquisition of the Project Site . FCT will prepare a grant reconciliation statement prior to the <br /> reimbursement that will evidence the amount of local match , if any is required, provided by the <br /> Recipient . Funds expended by the FCT for eligible project costs incurred by the FCT will be <br /> recognized as part of the FCT grant award amount on the grant reconciliation statement . <br /> 03-084-FF3 <br /> November 18, 2003 <br /> Reimbursement Acquisition <br /> -4- <br />
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