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2006-400
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2006-400
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Last modified
9/1/2016 3:43:10 PM
Creation date
9/30/2015 10:18:58 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
11/21/2006
Control Number
2006-400
Agenda Item Number
7.G.
Entity Name
State of Florida Department of Community Affairs
Subject
Grant contract with FCT-Leona Diamond Trust
Archived Roll/Disk#
4007
Supplemental fields
SmeadsoftID
5963
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II. MODIFICATION OF AGREEMENT <br /> 1 . Either party may request modification of the provisions of this Agreement at any <br /> time. Changes which are mutually agreed upon shall be valid only when reduced to writing and duly <br /> signed by each of the parties hereto . Such amendments shall be incorporated into this Agreement. <br /> III. DEADLINES <br /> 1 . At least two original copies of this Agreement shall be executed by the Recipient and <br /> returned to the FCT office at 2555 Shumard Oak Boulevard, Tallahassee, FL 32399-2100, as soon as <br /> possible and before November 27, 2006. If the Recipient requires more than one original document, <br /> the Recipient shall photocopy the number of additional copies needed and then execute each as an <br /> original document . Upon receipt of the signed Agreements, FCT shall execute the Agreements, <br /> retain one original copy and return all other copies that have been executed to the Recipient. <br /> 2. The Recipient and its representatives shall know of and adhere to all project deadlines <br /> and devise a method of monitoring the project. Deadlines stated in this Agreement, as well as <br /> deadlines associated with any FCT activity relating to the project, shall be strictly enforced. Failure <br /> to adhere to deadlines may result in delays in the project, allocation of time or resources to other <br /> recipients that respond timely or the termination of this Agreement by FCT. <br /> 3 . The Recipient shall submit the documentation required by this Agreenment to FCT as <br /> soon as possible so that the Project Costs may be reimbursed in an expeditious manner. <br /> 4. The Recipient shall provide a monthly status report to FCT of its progress towards <br /> reimbursement of the Project Costs. <br /> 5 . The Recipient shall provide the appraisal(s) required by 9K- 8 . 007, F. A. C. to FCT for <br /> review by a date not to exceed ninety (90 ) days after the Recipient's project is selected for funding. <br /> The appraisals shall be reviewed and, upon approval, the Maximum Approved Purchase Price <br /> ("MAPP"), as provided in Rule 9K- 8 .007(5) and (6), F. A.C. , shall be determined. <br /> IV. FUNDING PROVISIONS <br /> 1 . The FCT Florida Forever award granted to the Recipient ("FCT Award") will in no <br /> event exceed the lesser of Fifty Percent (50%) of the final Project Costs, as defined in Rule 9K- <br /> 7 .002(29), F. A. C. , or One Million Four Hundred Twenty Five Thousand Dollars And Zero Cents <br /> ($ 1 ,425,000. 00), unless FCT approves a different amount after determination of the MAPP. <br /> The FCT Award is based onthe Recipient's estimate of final Project Costs in its application, as well <br /> as the Limitation of Award provided in Rule 9K-7. 003(3) . F. A.C . and advertised in the Notice of <br /> Application. When disbursing the FCT Award, FCT shall recognize only those Project Costs <br /> consistent with the definition in Rule 9K-7.002 (29), F. A. C. FCT shall participate in the land cost at <br /> 06037-FF6 <br /> Oct. 25, 2006 <br /> Preacquisition <br /> -3 - <br />
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