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