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2005-356
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2005-356
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Last modified
8/12/2016 12:03:15 PM
Creation date
9/30/2015 9:24:12 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
11/01/2005
Control Number
2005-356
Agenda Item Number
7.M.
Entity Name
Florida Communities Trust
Russell Family LTD.
Subject
Grant Contract
Area
Russell Grove River Buffer Jones Pier LAAC site
Supplemental fields
SmeadsoftID
5261
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1 . Each parcel in the Project Site to which the Recipient acquires title shall be <br /> subject to a Declaration of Restrictive Covenants describing the parcel and containing such <br /> covenants and restrictions as are, at a minimum, sufficient to ensure that the use of the Project <br /> Site at all times complies with Sections 375 . 051 and 380 . 510 , Fla. Stat . ; Section l l (e), Article <br /> VII of the Florida Constitution; the applicable bond indenture under which the Bonds were <br /> issued ; and any provision of the Internal Revenue Code or the regulations promulgated <br /> thereunder that pertain to tax exempt bonds . The Declaration of Restrictive Covenants shall <br /> contain clauses providing for the conveyance of title to the Project Site to the Board of Trustees <br /> of the Internal Improvement Trust Fund ("Trustees ") , or a nonprofit environmental organization <br /> or government entity, upon failure to comply with any of the covenants and restrictions, as <br /> further described in paragraph 3 . below . <br /> 2 . The Declaration of Restrictive Covenants shall also restate the conditions that <br /> were placed on the Project Site at the time of project selection and initial grant approval . The <br /> Declaration of Restrictive Covenants shall be executed by FCT and the Recipient at the time of <br /> reimbursement of Project Costs and shall be recorded by the Recipient in the county( s) in which <br /> the Project Site is located . <br /> 3 . 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 <br /> Recipient shall be notified of the violation by written notice given by personal delivery, <br /> registered mail or registered expedited service . The recipient shall diligently commence to cure <br /> the violation or complete curing activities within thirty ( 30) days after receipt of notice of the <br /> violation . If the curing activities can not be reasonably completed within the specified thirty (30) <br /> day time frame, the Recipient shall submit a timely written request to the FCT Program Manager <br /> that includes the status of the current activity, the reasons for the delay and a time frame for the <br /> completion of the curing activities . FCT shall submit a written response within thirty (30) days <br /> of receipt of the request and approval shall not be unreasonably withheld . It is FCT ' s position <br /> that all curing activities shall be completed within one hundred twenty ( 120) days of the <br /> Recipient ' s notification of the violation . However, if the Recipient can demonstrate extenuating <br /> circumstances exist to justify a greater extension of time to complete the activities , FCT shall <br /> give the request due consideration . If the Recipient fails to correct the violation within either (a) <br /> the initial thirty (30) day time frame or (b) the time frame approved by FCT pursuant to the <br /> Recipient ' s request, fee simple title to all interest in the Project Site shall be conveyed to the <br /> Trustees unless FCT negotiates an agreement with another local government, nonprofit <br /> environmental organization, the Florida Division of Forestry, the Florida Fish and Wildlife <br /> Conservation Commission , the Department of Environmental Protection or a Water Management <br /> District, who agrees to accept title and manage the Project Site . FCT shall treat such property in <br /> accordance with Section 380 . 508 (4) (e) , Fla . Stat. <br /> X. GENERAL OBLIGATIONS OF THE RECIPIENT AS A CONDITION OF <br /> PROJECT FUNDING <br /> 05-038-FF5 <br /> October 13 , 2005 <br /> Reimbursement <br /> - 12 - <br />
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