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2000-093
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2000-093
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Last modified
3/12/2024 11:14:22 AM
Creation date
3/12/2024 11:05:38 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
04/04/2000
Control Number
2000-093
Agenda Item Number
7.G.
Entity Name
Salama Development Corp.
Subject
Florida Communities Trust Project/ Reconciliation of Total Project Costs for
Oslo Riverfront South
Document Relationships
2000-092
(Agenda)
Path:
\Official Documents\2000's\2000
2000-094
(Cover Page)
Path:
\Official Documents\2000's\2000
2000-095
(Cover Page)
Path:
\Official Documents\2000's\2000
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Indian River County <br />Oslo Riverfront South <br />FCV Project #99-055-P9A <br />Purchase from Salama Development Corp. <br />Contract #00 -CT -C7 -99 -9A -K1-055 <br />Date <br />Page 2 <br />Additional Costa <br />Record Grant Award Agreement $ 55.,;o <br />Total Additional Costs $ 55.50(5) <br />County Amount Due At Closing <br />Share of Total Project Costs $ 713,496.15 <br />Plus Total Additional Costs 55.50 <br />Less Total Prepaid Project Costs 44.602.50 <br />Total Amount Due From County 4 668.949.15 <br />TOTAL AMOUNT DUE FROM PURCHASERS AT CLOSING $1.264.955.50 <br />Notes: <br />(1) Pursuant to memorandum from Henry Entreken to Caroline Sutton dated February 11, 2000, <br />the Maximum Approved Purchase Price is $1,150,000.00. FCT's share of the purchase price is <br />50% of the Maximum Approved Purchase Price. The County's share is the balance of the <br />purchase price. <br />(2) Cost for all parcels in project site. <br />(3) Cost includes both Salama and Emerson parcels. <br />(4) Pursuant to the terms of the Conceptual Approval Agreement, as approved by Board action <br />of the Florida Communities Trust, the amount of the grant shall not exceed the lesser of <br />$872,500.00 or 50% of the total project cost. Total FCT share of project costs to date are <br />as follows: <br />Parcel Seller Date FCT Share of <br />Number Nmp Closed Total Project Costs <br />Salama Development $ 598,496.15 <br />Emerson Estate 156,980.00 <br />Diamond <br />Total to Date $ 755,476.15 <br />(5) Payable to Clerk of Court, Indian River County, at closing. <br />The foregoing reconciliation of Purchasers' costs is hereby approved by the undersigned. <br />BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVERCOUNTY FLORIDA COMMUNITIES TRUST <br />��By:n'L 8 l &n'_K_ ) <br />Fran B. Adams, Chairman Ralph Cantral <br />Acting Executive Director <br />Date: --April 4- 2000 Date: <br />
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