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BK : 2272 PG : 1044 <br /> Tallahassee, Florida 323024450 <br /> 5 . If the audit shows that any portion of the funds disbursed hereunder were not spent in <br /> accordance with the conditions of this Agreement, the Recipient shall be held liable for <br /> reimbursement to FCT of all funds not spent in accordance with the applicable regulations and <br /> Agreement provisions within thirty (30) days after FCT has notified the Recipient of such non- <br /> compliance. <br /> 6. The Recipient shall retain all financial records, supporting documents, statistical <br /> records and any other documents pertinent to this Agreement for a period of five years after the date <br /> of submission of the final expenditures report. However, if litigation or an audit has been initiated <br /> prior to the expiration of the five-year period, the records shall be retained until the litigation or audit <br /> findings have been resolved. <br /> 7. The Recipient shall have all audits completed in accordance with Section 215 . 97, <br /> Fla. Stat performed by an independent certified public accountant ("IPA") who shall either be a <br /> certified public accountant or a public accountant licensed under Chapter 473 , Fla. Stat. The IPA <br /> shall state that the audit complied with the applicable provisions noted above . <br /> X. DEFAULT; REMEDIES ; TERMINATION <br /> 1 . If any essential term or condition of the Declaration of Restrictive Covenants is <br /> violated by the Recipient or by some third party with the knowledge of the Recipient, the Recipient <br /> shall be notified of the violation by written notice given by personal delivery, registered mail or <br /> registered expedited service . The recipient shall diligently commence to cure the violation or <br /> complete curing activities within thirty (30) days after receipt of notice of the violation. If the curing <br /> activities can not be reasonably completed within the specified thirty (30) day time frame, the <br /> Recipient shall submit a timely written request to the FCT Program Manager that includes the status <br /> of the current activity, the reasons for the delay and a time frame for the completion of the curing <br /> activities. FCT shall submit a written response within thirty (30) days of receipt of the request and <br /> approval shall not be unreasonably withheld. It is FCT' s position that all curing activities shall be <br /> completed within one hundred twenty ( 120) days of the Recipient' s notification of the violation. <br /> However, if the Recipient can demonstrate extenuating circumstances exist to justify a greater <br /> extension of time to complete the activities, FCT shall give the request due consideration. If the <br /> Recipient fails to correct the violation within either (a) the initial thirty (30) day time frame or (b) the <br /> time frame approved by FCT pursuant to the Recipient' s request, fee simple title to all interest in the <br /> Project Site shall be conveyed to the Trustees unless FCT negotiates an agreement with another local <br /> government, nonprofit environmental organization, the Florida Division of Forestry, the Florida Fish <br /> and Wildlife Conservation Commission, the Department of Environmental Protection or a Water <br /> Management District, who agrees to accept title and manage the Project Site. FCT shall treat such <br /> property in accordance with Section 380.508(4)(e), Fla. Stat. <br /> XI. STANDARD CONDITIONS <br /> DRC\07-030-FF7 <br /> 4 / 8 / 2008 10 <br /> I <br />