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go • 7. The FCT Preservation 2000 award granted to the Recipient will in no event exceed the lesser of Fifty Percent (50.00%) of the final total project costs, as defined in Rule 9K-4.002(30), F.A.C., or Eight Hundred Seventy -Two Thousand Five Hundred Dollars And No Cents ( $872,500.00), unless the FCT Governing Body approves a different amount, which shall be reflected in an addendum to this Agreement. 8. The grant amount stated in paragraph 7 above is based on the Recipient's estimate of total project costs in application number 99-055-P9A, 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 9K-4.002(30), 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 9K-6.007, F.A.C., whichever is less, and multiplied by the percent stated in paragraph 7 above. 9. The FCT Governing Body has given conceptual approval for funding to acquire the entire project site identified in the Recipient's application number 99-055-P9A. The FCT Governing Body reserves the right to withdraw the FCT award if the acreage that comprises the project site is reduced so that the objectives of the acquisition cannot be achieved. Request for modification of the boundary of the project site identified in the Recipient's application number 99-055-P9A may be considered by the FCT Governing Body following the procedures for submission and review of boundary modification requests set forth in Rule 9K-4.0105, F.A.C. If the project site is comprised of multiple parcels, an acquisition plan was required in the application. The FCT Governing Body reserves the right to withdraw the FCT award if the priority parcel(s), identified in the acgisition plan prepared pursuant to Rule 9K -4.004(5)(g), F.A.C., included in application number 99-055-P9A, incorporated by reference herein and attached as Exhibit "A," cannot be acquired. Approval of the Conceptual Approval Agreement 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 at the closing of the project site, payable to the Seller or the Seller's designated agent authorized by law to receive such payment, provided the Comptroller determines that such disbursement is consistent with good business practices and can be completed in a manner minimizing costs and risks to the State of Florida. If the project site is comprised of multiple parcels, FCT shall deliver at the closing of each parcel only the share of the FCT award that corresponds to the parcel being closed. FCT will prepare a grant reconciliation statement prior to the closing of the project site parcel that will evidence the amount of local match, if any is required, provided by the Recipient and the portion of the FCT award that corresponds to the parcel being closed. Cash 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. Funded/Joint Acquisition/99-055-P9A 11/30/1999 FINAL