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either the actual purchase price or the MAPP, whichever is less, multiplied by the percent stated in <br /> the above paragraph . <br /> 2 . The FCT Governing Board selected the Recipient's application for funding in order to <br /> acquire the entire Project Site identified in the Application . FCT reserves the right to withdraw or <br /> adjust the FCT Award if the acreage that comprises the Project Site is reduced or the project design <br /> is changed so that the objectives of the acquisition cannot be achieved. FCT shall consider any <br /> request for Project Site boundary modification in accordance with the procedures set forth in Rule <br /> 9K-7.010, F .A.C. <br /> 3 . The FCT Award shal I be delivered either in the form of Project Costs prepaid by FCT <br /> to vendors or in the form of a State of Florida warrant to the Recipient. The FCT Award shall only <br /> be delivered after FCT approval of the Project Plan and Project Site acquisition terms. FCT shall <br /> prepare a grant reconciliation statement prior to the reimbursement that evidences the amount of <br /> Match provided by the Recipient, if any is required, and the amount of the FCT Award. Funds <br /> expended by FCT for Project Costs shall be recognized as part of FCT Award on the grant <br /> reconciliation statement. <br /> 4. If a Match is required, it shall be delivered in an approved form as provided in Rule <br /> 9K-7.002(24), F.A.C. If the value of Pre-acquired land, as defined by Rule 9K-7.002(31 ), F .A .C. , or <br /> donated land is the source of the Match, the MAPP shall determine the value of the Match. Funds <br /> expended by the Recipient for Project Costs shall be recognized as part of the Match on the grant <br /> reconciliation statement. <br /> 5 . By executing this Agreement, the Recipient affirms that it is ready, willing and able <br /> to provide a Match, if any is required. <br /> 6 . FCT ' s performance and obligation to pay under this Agreement is contingent upon an <br /> annual appropriation by the Florida Legislature, and is subject to any modification in accordance <br /> with Chapter 216, Fla. Stat. or the Florida Constitution. <br /> V. NOTICE AND CONTACT <br /> 1 . All notices provided under or pursuant to this Agreement shall be in writing and <br /> delivered either by hand delivery or first class, certified mail, return receipt requested, to: <br /> Florida Communities Trust <br /> 2555 Shumard Oak Boulevard <br /> Tallahassee, FL 32399-2100 <br /> 07-039-FF7 <br /> Dec. 13, 2007 <br /> Pre-acquisition <br /> -4- <br />