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• <br />• <br />• <br />This document prepared by: <br />Ann J. Wild <br />Florida Communities Trust <br />Department of Community Affairs <br />2555 Shumard Oak Blvd. <br />Tallahassee, FL 32399 <br />FLORIDA COMMUNITIES TRUST <br />P9A AWARD# 99-055-P9A <br />FCT Contract# <br />GRANS AWARD AGREEMENT <br />V_�-11-0 <br />-74 <br />THIS AGREEMENT is entered into this_ day of , 2000, <br />by and between the FLORIDA COMMUNITIES TRUST ("FCT""), a <br />nonregulatory agency within the State of Florida Department of <br />Community Affairs, and INDIAN RIVER COUNTY("FCT Recipient"), in <br />order to impose terms, conditions, and restrictions on the use of <br />the proceeds of certain bonds, hereinafter described, and the lands <br />acquired with such proceeds and as described in Exhibit "A" <br />attached hereto and made a part hereof ("Project Site"), as shall <br />be necessary to ensure compliance with applicable Florida Law and <br />federal income tax law and to otherwise implement provisions of <br />Chapters 253, 259, and 380, Florida Statutes. <br />WHEREAS, Part III Chapter 380, Florida Statutes, the Florida <br />Communities Trust Act, creates a nonregulatory agency within the <br />Department of Community Affairs, which will assist local <br />governments in bringing into compliance and implementing the <br />conservation, recreation and open space, and coastal elements of <br />their comprehensive plans and in otherwise conserving natural <br />resources and resolving land use conflicts by providing financial <br />assistance to local governments to carry out projects and <br />activities authorized by the Florida Communities Trust Act; <br />WHEREAS, Section 1 of the <br />provides for the distribution of <br />Preservation 2000 Revenue Bond <br />Community Affairs to provide land <br />local governments through the FCT, <br />99-055-P9A <br />GAA/3-2D-00 <br />Florida Preservation 2000 Act <br />ten percent (10%) of the net <br />proceeds to the Department of <br />acquisition grants and loans to <br />