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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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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 /> F . A . C . , or donated land is the source of the Match , the MAPP shall determine the value of the <br /> Match . Funds expended by the Recipient for Project Costs shall be recognized as part of the <br /> Match on 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 /> 05-038-FF5 <br /> October 13 , 2005 <br /> Reimbursement <br /> -4 - <br />
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