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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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d . any use of the Project Site by a non-governmental person other than in <br /> such person ' s capacity as a member of the general public ; <br /> e . any change in the character or use of the Project Site from that use <br /> expected at the date of the issuance of any series of Bonds from which the <br /> disbursement is to be made ; <br /> f, a management contract for the Project Site with a non-governmental <br /> person or organization ; or <br /> g . such other activity or interest as may be specified from time to time in <br /> writing by FCT to the Recipient . <br /> 3 . If the Project Site, after its acquisition by the Recipient and/or the Trustees , is to <br /> remain subject to any of the disallowable activities , the Recipient shall provide notice to FCT, as <br /> provided for in paragraph V . 1 . , at least sixty (60) calendar days in advance of any <br /> such <br /> transactions , events or circumstances , and shall provide FCT such information as FCT <br /> reasonably requests in order to evaluate for approval the legal and tax consequences of such <br /> disallowable activities . <br /> 4 . In the event that FCT determines at any time that the Recipient is engaging, or <br /> allowing others to engage , in disallowable activities on the Project Site , the Recipient shall <br /> immediately cease or cause the cessation of the disallowable activities upon receipt of written <br /> notice from FCT . In addition to all other rights and remedies at law or in equity, FCT shall have <br /> the right to seek temporary and permanent injunctions against the Recipient for any disallowable <br /> activities on the Project Site . <br /> DELEGATIONS AND CONTRACTUAL ARRANGEMENTS BETWEEN THE RECIPIENT <br /> AND OTHER GOVERNMENTAL BODIES , NONPROFIT ENTITIES OR NON <br /> GOVERNMENTAL PERSONS FOR USE OR MANAGEMENT OF THE PROJECT SITE <br /> WILL IN NO WAY RELIEVE THE RECIPIENT OF THE RESPONSIBILITY TO ENSURE <br /> THAT THE CONDITIONS IMPOSED HEREIN ON THE PROJECT SITE AS A RESULT OF <br /> UTILIZING BOND PROCEEDS TO ACQUIRE THE PROJECT SITE ARE FULLY <br /> COMPLIED WITH BY THE CONTRACTING PARTY , <br /> XII. RECORDKEEPING ; AUDIT REQUIREMENTS <br /> 1 . The Recipient shall maintain financial procedures and support documents , in <br /> accordance with generally accepted accounting principles , to account for the receipt and <br /> expenditure of funds under this Agreement. These records shall be available at all reasonable <br /> times for inspection , review or audit by state personnel , FCT and other personnel duly authorized <br /> by FCT . " Reasonable " shall be construed according to the circumstances , but ordinarily shall <br /> mean the normal business hours of 8 : 00 a. m . to 5 : 00 p . m . , local time , Monday through Friday. <br /> 05-038-FF5 <br /> October 13 , 2005 <br /> Reimbursement <br /> - 14- <br />
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