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_I BOOK 99 PAIGE881 The FCT Grant Award Agreement is a document that the FCT requires be executed and recorded in the public records at the time of closing. The Grant Award Agreement reflects the obligations the County made in accepting the State grant, and largely relates to property management commitments. Since the County will obtain full title to the property, this document is a way to ensure that FCT's grant award conditions will be fulfilled. The conditions within the Grant Award Agreement are consistent with the property management plan approved by the Board of County Commissioners at its September 17, 1996 meeting. The Purchaser's Reconciliation of Total Project Costs Statement is a closing document that breaks down specific costs to be paid by the County and the FCT at closing as cost -share partners in the acquisition. This Statement also reflects those acquisition costs that the seller has agreed - to pay (50% of the environmental assessment and boundary survey, and 100% of title insurance costs). Even though the County is buying and will principally manage the AGC Industrial Tract, FCT requires that the City of Sebastian execute these closing documents as well because the property is located within Sebastian city limits. County staff is coordinating with City staff to expedite the City's execution of the documents, which will be forthcoming. RECOMMENDATION: Staff recommends that the Board authorize the Board Chairman to execute the attached closing documents relating to County Purchase of the AGC Industrial Tract Scrub, and any other closing documents, as necessary, consistent with the Board's September 17, 1996 closing authorization. ON MOTION by Commissioner Eggert, SECONDED by Commissioner Tippin, the Board unanimously authorized the Chairman to execute the Grant Award Agreement and Addendum I to Conceptual Approval Agreement with Florida Communities Trust ("FCT") and any other closing documents, as necessary, consistent with the Board's September 17, 1996 closing authorization, as recommended by staff. AGREEMENTS ARE ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD H. Committee Appointments The Board reviewed the following list: LIST OF COMMITTEES FOR EACH COMMISSIONER FRAN B. ADAMS Agriculture Advisory Committee (Reta) Beach & Shore Preservation Advisory Committee (Reta) Historic Resources Advisory Committee (Janice) Indian River Lagoon National Estuary Program Metropolitan Planning Organization (Alice) Parks and Recreation Committee (Reta) Fairgrounds Advisory Committee (sub -committee of P&R)(Reta) Southern Regional Recreation Advisory Council (SJRWMD) Alternate - Treasure Coast Regional Planning Council NOVEMBER 19, 1996 24