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and the PROJECT SPONSOR that none of the provisions of Section <br />163.01, Florida Statutes, shall have application to this Project <br />Agreement. <br />2. The DEPARTMENT has found that outdoor recreation is <br />the primary purpose of the project known as Treasure Shores Park <br />(Florida Recreation Development Assistance Program, Project <br />Number F89-099), hereinafter called the PROJECT, and enters into <br />this Project Agreement with the PROJECT SPONSOR for construction <br />of outdoor recreation facilities and improvements on real <br />property, the legal description of which is set forth in Exhibit <br />A, attached. <br />3. The PROJECT SPONSOR will construct, or cause to be <br />constructed, certain outdoor recreation facilities and <br />improvements in accordance with the following PROJECT elements <br />which may be modified with good cause by the DEPARTMENT: <br />dune walkover, bike/hike trail, picnic area, playground, restroom <br />and related support facilities and improvements. <br />4. The DEPARTMENT shall pay, on a reimbursement basis, <br />to the PROJECT SPONSOR, funds not to exceed $120,000.00, which <br />will pay the DEPARTMENT'S share of the cost of the PROJECT. <br />DEPARTMENT fund limits are based upon the following: <br />Page 2 of 7 <br />Matching <br />Basis <br />DEPARTMENT Amount $120,000.00 (2/3) <br />PROJECT SPONSOR Match $ 60,000.00 (1/3) <br />Type of Match Cash and/or In-kind Services <br />