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1999-334
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1999-334
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Last modified
1/29/2024 1:06:47 PM
Creation date
1/29/2024 1:06:20 PM
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
12/21/1999
Control Number
1999-334
Entity Name
Florida Communities Trust
Subject
Confidentially Agreement for Conce[tual Approval Agreement for
Cost-Share Acquisition of North Sebastian C.A. Addition
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s <br />• <br />Circumstances may arise that, in the analysis of the FCT, warrant termination of the <br />project before its completion. In such an event, the FCT will advise the Recipient of its analysis <br />and will confer with the Recipient on continuation of the project. If the Recipient concurs, a <br />request for termination will be considered at the next regularly scheduled meeting of the FCT <br />Governing Body. <br />6. Recipient agrees to make diligent efforts to submit the documentation to FCT that <br />is required in this Agreement as soon as is reasonably possible so that the project site costs may <br />be reimbursed in an expeditious manner. Deadlines stated in this Agreement, as well as deadlines <br />associated with any FCT activity relating to the project, are strictly enforced. Failure to adhere to <br />deadlines, whether stated in this Agreement or associated with meetings of the FCT Governing <br />Body, may result in delays in the project, may result in allocation of time or resources to other <br />recipients that responded timely, and may result in this Agreement being voidable. It is the <br />responsibility of the Recipient to know all project deadlines, to devise a method of monitoring <br />the project, and to adhere to all deadlines. <br />7. The FCT Preservation 2000 award granted to the Recipient will in no event <br />exceed the lesser of Fifty Percent (50.00%) of the final total project costs, as defined in Rule <br />9K-4.002(30), F.A.C., or Forty -Three Thousand Six Hundred Seventy -Five Dollars And No <br />Cents ( $43,675.00), unless the FCT Governing Body approves a different amount, which shall <br />be reflected in an addendum to this Agreement. <br />8. The grant amount stated in paragraph 7 above is based on the Recipient's estimate <br />of total project costs in application number 99-056-P9A, as well as limits on awards in the Notice <br />of Application period announcing the application cycle. When disbursing funds for the project, <br />the FCT will recognize the actual total project costs, defined in Rule 9K-4.002(31), F.A.C., for <br />acquisition of the project site. The total project costs will be reflected on a grant reconciliation <br />statement prepared pursuant to paragraph 10 below. The FCT will participate in the land cost at <br />either the actual purchase price, or the Maximum Approved Purchase Price based on appraisal <br />reports that comply with requirements set forth in Rule 9K-6.007, F.A.C., whichever is less, and <br />multiplied by the percent stated in paragraph 7 above. <br />9. The FCT Governing Body has given Conceptual Approval for funding to acquire <br />the entire project site identified in the Recipient's application number 99-056-P9A. The FCT <br />Governing Body reserves the right to withdraw the FCT award if the acreage that comprises the <br />project site is reduced so that the objectives of the acquisition cannot be achieved. Request for <br />modification of the boundary of the project site identified in the Recipient's application number <br />99-056-P9A may be considered by the FCT Governing Body following the procedures for <br />submission and review of boundary modification requests set forth in Rule 9K-4.0105, F.A.C. <br />10. The FCT funds shall be delivered either in the form of eligible project costs <br />prepaid by FCT to vendors or in the form of a State of Florida warrant to the Recipient. FCT <br />award funds shall only be delivered after FCT approval of the project plan and terms of the <br />Funde d/Preacqu i red/99-056-P9A <br />11/30/1999 <br />FINAL 4 <br />
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