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2008-013
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2008-013
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Last modified
3/21/2016 10:45:24 AM
Creation date
9/30/2015 11:55:27 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
01/15/2008
Control Number
2008-013
Agenda Item Number
7.E.
Entity Name
Florida Communities Trust
Florida Department of Community Affairs
Subject
After-Purchase Cost Share Reimbursement South Prong Preserves
Shadowbrook Estates and Ryall Parcels Environment Land Acquisition
Supplemental fields
SmeadsoftID
6842
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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 February 15, 2008. 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 Agreement 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 shal I 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 Forty Percent (40%) of the final Project Costs, as defined in Rule 9K- <br /> 7. 002(32)5 F .A.C . , or One Million Three Hundred Ninety Thousand Dollars And Zero Cents <br /> ($ 1 ,390,000. 00), unless FCT approves a different amount after determination of the MAPP, which <br /> shall be reflected in an addendum to this Agreement. <br /> The FCT Award is based on the Recipient's estimate of final Project Costs in its application, as well <br /> as the Limitation of Award provided in Rule 9K-7.003 (6), 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(32), F .A.C. FCT shall participate in the land cost at <br /> 07-039-FF7 <br /> Dec. 13, 2007 <br /> Pre-acquisition <br /> -3 - <br />
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