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4. Pursuant to Rule 9K-4.011(3), F.A.C., the FCT shall publish a Notice of Approval for Preservation 2000 funds in the Florida Administrative Weekly that shall list each project plan that has received approval for funding and the amount of funding approved. Any person with a substantial interest that is or may be determined by the decision of the FCT to reject or approve the project plan may request an administrative proceeding pursuant to Section 120.57, F.S., within 21 days from publication of the Notice of Approval for Preservation 2000 funds. Real estate closings associated with the project may close only after expiration of the 21 -day notice period, so long as no requests for an administrative proceeding have been filed. IV. PROJECT SITE ACQUISITION REQUIREMENTS IMPOSED BY CHAPTER 259, CHAPTER 375, AND CHAPTER 380, PART III, F.S. 17cZr1111URNZT9170M.Y:F11011i1163 1 1. FCT shall approve the terms under which the interest in land is acquired, pursuant to Section 380.510(3), F.S. Such approval is deemed given when the FCT Governing Body approves and executes the purchase agreement for acquisition of the project site, further described in Section III. La. above, to which FCT is a party. 2. Title to the project site shall be titled in the Recipient, unless the Recipient specifically requests that title shall permanently vest in the Board of Trustees of the Internal Improvement Trust Fund (Trustees). Such request shall be subject to the approval of FCT and the Trustees. The Recipient hereby elects that title to the project site shall be vested in INDIAN RIVER COUNTY (Note: Insert either the name of Recipient or Board of Trustees of Internal Improvement Trust Fund.) If the Recipient elects that title shall vest in the Trustees, then all acquisition activities shall be administered by the Division of State Lands as specified in Section 253.025, F.S., and Rule 18-1, F.A.C. 3. The transfer of title to the Recipient for the project site shall not occur until the requirements for the acquisition of lands, as specified in Section 380.507(l 1), F.S., and Rule Chapter 9K-6, F.A.C., have been fully complied with by the Recipient and FCT. 4. Any deed whereby the Recipient acquires title to the project site shall contain or be subject to such covenants and restrictions as are, at a minimum, sufficient to ensure that the use of the project site at all times complies with Section 375.045 and 375.051, F.S.; Section 9, Article XII of the State Constitution; the applicable bond indenture under which the Bonds were issued; and any provision of the Internal Revenue Code or the regulations promulgated thereunder that pertain to tax exempt bonds and shall contain clauses providing for the conveyance of title to the project site in the Board of Trustees of the Internal Improvement Trust Fund upon failure to use the project site conveyed thereby for such purposes. Such covenants and restrictions as are described in this paragraph shall be in the form of a Grant Award Agreement, prepared by FCT, executed by the parties to the Conceptual Approval Agreement and recorded at Funded/Joint Acquisition/99-055-P9A 11/30/1999 FINAL 9