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2004-319
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2004-319
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Last modified
11/14/2016 1:51:13 PM
Creation date
9/30/2015 8:29:14 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
12/14/2004
Control Number
2004-319
Agenda Item Number
7.S.
Entity Name
Florida Communities Trust (FCT)
Subject
Grant Contract Bonds
Area
St. Sebastian River Buffer - Ansin Tract
Archived Roll/Disk#
3224
Supplemental fields
SmeadsoftID
4773
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Notice of Application . When disbursing the FCT Award , FCT shall recognize only those Project <br /> Costs consistent with the definition in Rule 9K- 7 . 002 (29 ) , F . A . C . FCT shall participate in the <br /> land cost at either the actual purchase price or the MAPP , whichever is less , multiplied by the <br /> percent stated in the above paragraph . <br /> 2 . The FCT Governing Board selected the Recipient ' s application for funding in <br /> order to acquire the entire Project Site identified in the application . FCT reserves the right to <br /> withdraw or adjust the FCT Award if the acreage that comprises the Project Site is reduced or the <br /> project design is changed so that the objectives of the acquisition cannot be achieved . FCT shall <br /> consider any request for Project Site boundary modification in accordance with the procedures <br /> set forth in Rule 9K- 7 . 010 , F .A . C . <br /> If the Project Site is comprised of multiple parcels and multiple owners , an Acquisition Plan, as <br /> defined in 9K- 7 . 002 (2) , F . A . C . , was required in the application . FCT reserves the right to <br /> withdraw or adjust the FCT Award if the priority parcel( s) or a significant portion of the Project <br /> Site identified in the Acquisition Plan cannot be acquired. <br /> 3 . The FCT Award shall be delivered either in the form of Project Costs prepaid by <br /> FCT to vendors or in the form of a State of Florida warrant to the Recipient . The FCT Award <br /> shall only be delivered after FCT approval of the Project Plan and Project Site acquisition terms . <br /> FCT shall prepare a grant reconciliation statement prior to the reimbursement that evidences the <br /> amount of Match provided by the Recipient, if any is required , and the amount of the FCT <br /> Award . Funds expended by FCT for Project Costs shall be recognized as part of the FCT Award <br /> on the grant reconciliation statement . <br /> 4 . If a Match is required , it shall be delivered in an approved form as provided in <br /> Rule 9K-7 . 002 (22) , F . A . C . If the value of Pre -acquired land , as defined by Rule 9K- 7 . 002 (28 ) , <br /> or donated land is the source of the Match, the MAPP shall determine the value of the Match . <br /> Funds expended by the Recipient for Project Costs shall be recognized as part of the Match on <br /> the grant reconciliation statement . <br /> 5 . By executing this Agreement , the Recipient affirms that it is ready , willing and <br /> able to provide a Match, if any is required . <br /> 6 . If the Recipient is the local government having jurisdiction over the Project Site , <br /> and an action by the Recipient subsequent to the FCT Governing Board selection meeting results <br /> in a governmentally derived higher Project Site land value due to an enhanced highest and best <br /> use , this Agreement shall be terminated unless the Recipient agrees that the appraisal (s) will be <br /> based on the highest and best use of the Project Site on or before the FCT Governing Board <br /> selection meeting . <br /> 7 . FCT ' s performance and obligation to pay under this Agreement is contingent <br /> upon an annual appropriation by the Florida Legislature , and is subject to any modification in <br /> accordance with Chapter 216 , Fla . Stat . or the Florida Constitution . <br /> 04-025-FF4 <br /> November 24, 2004 <br /> Reimbursement <br /> -4- <br />
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