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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 shall 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 />07-039-FF7 <br />Dec. 13, 2007 <br />Pre-acquisition <br />Florida Communities Trust <br />2555 Shumard Oak Boulevard <br />Tallahassee, FL 32399-2100 <br />-4- <br />