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WHEREAS , the FCT Governing Board met on November 14 — 15 , 2002 , to score, rank, and select projects to receive approval for funding ; WHEREAS , the Recipient ' s project, described in an application submitted for evaluation, was selected for funding and in accordance with Rule Chapter 9K-7 , F . A . C . , and as more particularly described within this Agreement; WHEREAS , Rule 9K- 7 . 009 ( 1 ) , F . A. C . , authorizes FCT to impose conditions for funding on those FCT applicants whose projects are selected for funding; and WHEREAS , the purpose of this Agreement is to set forth the conditions that must be satisfied by Recipient prior to the disbursement of any FCT Florida Forever funds awarded, as well as the restrictions that are imposed on the Project Site subsequent to its acquisition with the Bond proceeds . NOW THEREFORE , FCT and Recipient mutually agree as follows : I , GENERAL CONDITIONS 1 . At least two original copies of this Agreement shall be executed by the Recipient and returned to the FCT office at 2555 Shumard Oak Boulevard, Tallahassee, FL 32399 -2100 , as soon as possible and before January 13 , 2003 . If Recipient requires more than one original document, the Recipient should photocopy the number of additional copies needed, and then execute each as an original document. Upon receipt of the signed Agreements, FCT will execute the Agreements , retain one original copy and return all other copies that have been executed to the Recipient . 2 . This Agreement between the parties sets forth the requirements and responsibilities for acquisition and management of the Project Site , described in the application that was submitted and selected for funding by FCT (Application) . Since the entire Project Site has not yet been negotiated for acquisition, some elements of the project are not yet known, such as the purchase price, other project costs , and the terms upon which an owner will voluntarily convey the property. 3 . Approval for funding shall be until November 15 , 2003 . In the event that the Project Plan described in Section V . below has not been approved by the Expiration Date, this Agreement shall be terminated . The FCT may extend this Agreement beyond the Expiration Date if the Recipient demonstrates that significant progress is being made toward Project Plan approval or that extenuating circumstances warrant an extension of time . A request for an extension must be made in writing to FCT , fully explaining the reason for the delay and why the extension is necessary. If the Recipient does not request an extension, or if an extension is not 02-059-FF2 12/11 /2002 Joint Acquisition-