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FCT Contract Number o y 4rT. /.1j - o I - rr. 41. aor4 <br /> FLORIDA COMMUNITIES TRUST <br /> PROJECT # 03 - 084-FF3 <br /> ORCA SOUTH LINK <br /> ADDENDUM III TO GRANT CONTRACT <br /> THIS ADDENDUM III is entered into by and between the FLORIDA COMMUNITIES <br /> TRUST ("FCT") , a nonregulatory agency within the State of Florida Department of Community <br /> Affairs , and INDIAN RIVER COUNTY, a local government of the State of Florida ("Recipient ') , <br /> this qday of _ j;41,4 ,, , 200 <br /> s <br /> NOW THEREFORE, FCT and Recipient mutually agree as follows : <br /> WHEREAS , the parties hereto entered into a Grant Contract which sets forth the conditions of <br /> conceptual approval that must be satisfied by the Recipient prior to the receipt of the FCT Florida <br /> Forever award and the restrictions that are imposed on the Project Site subsequent to its acquisition <br /> with the FCT Florida Forever award; <br /> WHEREAS , the Recipient has requested an increase in the amount of the FCT Florida Forever <br /> award from a $ 88 , 000 . 00 to a $ 144 ,253 . 00 award; <br /> WHEREAS , GENERAL CONDITIONS paragraph 14 of the Grant Contract states that the <br /> Grant Contract may be amended at any time prior to FCT giving final project plan approval to the <br /> Recipient . Any agreement must be set forth in a written instrument and agreed to by both the <br /> Recipient and FCT ; and <br /> WHEREAS , the parties hereto desire to amend the Grant Contract to increase the award from <br /> $ 88 , 000 . 00 to $ 144 , 253 . 00 ; <br /> NOW THEREFORE, the FCT and RECIPIENT mutually agree as follows : <br /> Section I. 7 . is hereby replaced, revised and superseded by the following : <br /> 7 . The FCT Florida Forever award granted to the Recipient will in no event exceed the lesser of <br /> Forty Percent (40%) of the final total eligible project costs , as defined in Rule 9K- 7 . 002 (29) , F . A . C . , <br /> or One Hundred Forty Four Thousand Two Hundred Fifty Three Dollars And Zero Cents <br /> ($ 144 ,253 . 00) , unless FCT approves a different amount, after determination of the Maximum <br /> Approved Purchase Price as provided in Rule 9K- 8 . 007 , F . A. C . , and which shall be reflected in an <br /> addendum to this Agreement . The amount of the grant shall not exceed the Limitation of Award <br /> provided in Rule 9K- 7 . 003 (3 ) , F . A . C . , and as advertised in the Notice of Application . <br /> 03 -084 -FF3 <br /> October 21 , 2004 <br /> 1 <br />