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M <br />40 <br />• <br />IV. OBLIGATIONS INCURRED BY FCT RECIPIENT AS A RESULT OF BOND <br />PROCEEDS BEING UTILIZED TO PURCHASE THE PROJECT SITE. <br />1. If the Project Site is to remain subject, after its <br />acquisition by the State and the FCT Recipient, to any of the below <br />listed activities Or interests, the FCT Recipient shall provide at <br />least 60 days written notice of any such activity or interest to <br />FCT prior to the activity taking place, and shall provide to FCT <br />such information with respect thereto as FCT reasonably requests in <br />order to evaluate the legal and tax con- sequences of such activity <br />or interest: <br />a. any lease of any interest in the Project Site to a <br />non-governmental person or organization; <br />b. the operation of any concession on the Project Site <br />to a non-governmental person or organization; <br />C. any sales contract or option to buy things attached <br />to the Project Site to be severed from the Project Site, with a <br />non-governmental person or organization; <br />d. any use of the Project site by non-governmental <br />persons other than in such person's capacity as a member of the <br />general public; <br />e. a management contract of the Project Site with a <br />non-governmental person or organization; and <br />f. such other activity or interest as may be specified <br />from time to time in writing by FCT to the FCT Recipient. <br />2. FCT Recipient agrees and acknowledges that the following <br />transaction, events, and circumstances may not be permitted on the <br />Project Site as they may have negative legal and tax consequences <br />under Florida lass and federal income tax law: <br />a. a Bale of the Project Site or a lease of the Project <br />Site to a non-governmental person or organization; <br />b. the operation of a concession on the Project site by <br />a non-governmental person or organization; <br />99-055-P9A <br />GRA/3-20-00 7 <br />