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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 . Either party may request modification of the provisions of this Agreement at any <br /> time . Changes which are mutually agreed upon shall be valid only when reduced to writing and <br /> duly signed by each of the parties hereto . Such amendments shall be incorporated into this <br /> Agreement . <br /> III. DEADLINES <br /> 1 . At least two original copies of this Agreement shall be executed by the Recipient <br /> and returned to the FCT office at 2555 Shumard Oak Boulevard, Tallahassee , FL 32399-2100 , as <br /> soon as possible and before November 14, 2005 . If the Recipient requires more than one <br /> original document, the Recipient shall photocopy the number of additional copies needed and <br /> then execute each as an original document . Upon receipt of the signed Agreements , FCT shall <br /> execute the Agreements , retain one original copy and return all other copies that have been <br /> executed to the Recipient. <br /> 2 , The Recipient and its representatives shall know of and adhere to all project <br /> deadlines and devise a method of monitoring the project. Deadlines stated in this Agreement, as <br /> well as deadlines associated with any FCT activity relating to the project, shall be strictly <br /> enforced . Failure to adhere to deadlines may result in delays in the project, allocation of time or <br /> resources to other recipients that respond timely or the termination of this Agreement by FCT . <br /> 3 , The Recipient shall submit the documentation required by this Agreement to FCT <br /> as soon as possible so that the Project Costs may be reimbursed in an expeditious manner. <br /> 4 . The Recipient shall provide a monthly status report to FCT of its progress towards <br /> reimbursement of the Project Costs . <br /> 5 . The Recipient shall provide the appraisal( s) required by 9K- 8 . 007 , F . A . C . to FCT <br /> for review by a date not to exceed ninety (90) days after the Recipient ' s project is selected for <br /> funding . The appraisals shall be reviewed and, upon approval , the Maximum Approved <br /> Purchase Price ("MAPP") , as provided in Rule 9K- 8 . 007( 5) and (6) , F . A . C . , shall be determined . <br /> IV. FUNDING PROVISIONS <br /> 1 . The FCT Florida Forever award granted to the Recipient ("FCT Award") will in <br /> no event exceed the lesser of Forty-Five Percent (45 %) of the final Project Costs , as defined in <br /> Rule 9K-7 . 002(29) , F . A . C . , or One Million Six Hundred and Eight Thousand Seven Hundred <br /> Fifty Dollars And Zero Cents ($ 1 , 608 , 750 . 00) , unless FCT approves a different amount after <br /> determination of the MAPP , which shall be reflected in an addendum to this Agreement . <br /> The FCT Award is based on the Recipient ' s estimate of final Project Costs in its application, as <br /> well as the Limitation of Award provided in Rule 9K- 7 . 003 ( 3 ) , F . A . C . and advertised in the <br /> 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 /> 05-038-05 <br /> October 13 , 2005 <br /> Reimbursement -3 - <br />
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