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2017-181
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Last modified
5/16/2018 4:29:55 PM
Creation date
10/25/2017 11:47:36 AM
Metadata
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Template:
Official Documents
Official Document Type
Grant
Approved Date
10/24/2017
Control Number
2017-181
Agenda Item Number
12.A.2.
Entity Name
Florida Communities Trust
Subject
Grant Agreement for cost-share reimbursement of County purchase
Area
Sebastian Harbor Preserve Conservation Area
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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />httt)s:HWps.fldfs.com/fsaa <br />The Recipient should confer with its chief financial officer, audit director <br />or contact the Department for assistance with questions pertaining to the <br />applicability of these requirements. <br />XIII. DEFAULT; REMEDIES; TERNUNATION <br />1. If the necessary funds are not available to fund this Agreement as a result of action <br />by the Florida Legislature or the Office of the State Chief Financial Officer, or if any of the events <br />below occur ("Events of Default"), all obligations on the part of FCT to make any further payment <br />of funds hereunder shall, if FCT so elects, terminate and FCT may, at its option, exercise any of <br />its remedies set forth herein, but FCT may make any payments or parts of payments after the <br />happening of any Events of Default without thereby waving the right to exercise such remedies, <br />and without becoming liable to make any further payment. The following constitute Events of <br />Default: <br />a. If any warranty or representation made by the Recipient in this Agreement, <br />any previous agreement with FCT or in any document provided to FCT shall <br />at any time be false or misleading in any respect, or if the Recipient shall <br />fail to keep, observe or perform any of the terms or covenants contained in <br />this Agreement or any previous agreement with FCT and has not cured such <br />in timely fashion, or is unable or unwilling to meet its obligations <br />thereunder; or <br />b. If any material adverse change shall occur in the financial condition of the <br />Recipient at any time during the term of this Agreement from the financial <br />condition revealed in any reports filed or to be filed with FCT, and the <br />Recipient fails to cure said material adverse change within thirty (30) days <br />from the date written notice is sent to the Recipient by FCT; or <br />C. If any reports or documents required by this Agreement have not been <br />timely submitted to FCT or have been submitted with incorrect, incomplete <br />or insufficient information; or <br />d. If the Recipient fails to perform and complete in timely fashion any of its <br />obligations under this Agreement; or <br />e. If the Recipient fails to comply with Project deadlines in a timely fashion <br />set forth in the approved Management Plan; or <br />f. If the Recipient fails to keep access of the Project Site open to the public. <br />2. Upon the happening of an Event of Default, FCT may, at its option, upon thirty (30) <br />calendar days from the date written notice is sent to the Recipient by FCT and upon the Recipient's <br />failure to timely cure, exercise any one or more of the following remedies, either concurrently or <br />DEP Agreement No. S0958, Page 18 of 24 <br />FCT Project No. 11-050-FFI l <br />Pre -Acquired Project Site <br />
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