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•o J J INV Contract No: 00 -CT -C7 -99 -9A -A1-055 FCT Project No: 99-055-P9A FCT Project Name: Oslo Riverfront South ADDENDUM 1 TO CONCEPTUAL APPROVAL AGREEMENT This ADDENDUM 1 to the Conceptual Approval Agreement is entered into by and between the FLORIDA COMMUNITIES TRUST (FCT), a nonregulatory agency within the State of Florida Department of Community Affairs, and INDIAN RIVER COUNTY (Recipient), this - day of , 2000. WHEREAS, the parties hereto entered into a Conceptual Approval Agreement setting forth the conditions of conceptual approval that must be satisfied by Recipient prior to the disbursement of the FCT Preservation 2000 award and the restrictions that are imposed on the project site subsequent to Its acquisition; WHEREAS, the term of the Conceptual Approval Agreement expires August 30, 2000; WHEREAS, the Recipient in accordance with GENERAL CONDITIONS paragraph 3 of the Conceptual Approval Agreement and in compliance with Rule 9K -4.010(2)(j), F.A.C., has timely submitted to FCT a written request for extension of the August 30, 2000 expiration date; WHEREAS, the parties hereto desire to extend the term of the Conceptual Approval Agreement as provided by Rule 9K -4.010(2)(j), F.A.C.; and WHEREAS, Section 215.97, Florida Statutes, the Florida Single Audit Act, provides uniform state audit requirements for state financial assistance provided by state agencies over the audit threshold as defined In that Section; WHEREAS, the parties hereto desire to make these requirements a part of the Conceptual Approval Agreement as provided by Rule 9K -4.010(2)(j), F.A.C.; WHEREAS, GENERAL CONDITIONS paragraph 14 of the Conceptual Approval Agreement states that the agreement may be amended at any time prior to FCT giving final project plan approval to the Recipient. Any agreement must be set forth in a written instrument and agreed to by both the Recipient and FCT; NOW THEREFORE, the FCT and RECIPIENT mutually agree as follows: 1. Notwithstanding the language of Section I. GENERAL CONDITIONS, paragraph 3. and paragraph 4., the parties hereby agree to revive it nunc pro tunc as though it had not lapsed in accordance with paragraph 3. 2. In every respect, this amendment is to be construed and applied as though the parties had both signed it before August 30, 2000. CAA I/ 99-055-P9A 8125/00 Page I of 4