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2003-001
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2003-001
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Last modified
10/24/2015 6:00:08 AM
Creation date
9/30/2015 7:34:53 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Grant
Approved Date
01/07/2003
Control Number
2003-001
Agenda Item Number
7.D.
Entity Name
Florida Communities Trust (FCT)
Subject
Indian River Farms Coastal Preserve
Archived Roll/Disk#
3160
Alternate Name
Department of Community Affairs
Supplemental fields
SmeadsoftID
3782
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granted to the Recipient by the FCT, the Florida Forever award granted to the Recipient shall <br /> terminate and all obligations hereunder shall cease . <br /> 4 . This Agreement may be terminated before its Expiration Date at the written <br /> request of the Recipient . Such a request shall fully describe the circumstances that compel the <br /> Recipient to terminate the project . A request for termination should be mailed to the FCT at the <br /> address given in paragraph 1 above . <br /> 5 . This Agreement may be terminated before its Expiration Date by the FCT if it is <br /> determined by the FCT that no significant progress is being made toward the acquisition of the <br /> Project Site , non-performance by the Recipient of the requirements listed or that other <br /> circumstances are present that would, in all likelihood, preclude or prevent the successful <br /> acquisition of the Project Site within the established time frame . Prior to termination, notice of <br /> the proposed termination shall be mailed to the Recipient at the address given in paragraph 13 <br /> below. <br /> 6 . Recipient agrees to submit the documentation to FCT that is required in this <br /> Agreement as soon as possible so that the Project Site maybe acquired in an expeditious manner. <br /> Deadlines stated in this Agreement, as well as deadlines associated with any FCT activity relating <br /> to the project, are strictly enforced. Failure to adhere to deadlines may result in delays in the <br /> project, may result in allocation of time or resources to other recipients that responded timely, <br /> and may result in this Agreement being terminated by FCT . <br /> It is the responsibility of the Recipient and its representatives to know all project deadlines , to <br /> devise a method of monitoring the project, and to adhere to all deadlines . If the Recipient is <br /> identified in paragraph 111. 1 . below as the party responsible for all negotiation and acquisition <br /> activities, the Recipient shall provide a monthly status report to FCT of acquisition activities on <br /> the Project Site . The monthly report shall contain dates that appraisals are ordered and due, as <br /> well as dates that purchase agreements are sent to sellers and thestatus of each contract, as <br /> appropriate . <br /> 7 . The FCT Florida Forever award granted to the Recipient will in no event exceed <br /> the lesser of Sixty Percent (60 . 00%) of the final total eligible project costs , as defined in Rule <br /> 9K- 7 . 002 (29) , F . A . C . , or One Million Five Hundred Thirty Thousand Dollars And No Cents <br /> ($ 1 , 530, 000 . 00) unless the FCT approves a different amount, after determination of the <br /> Maximum Approved Purchase Price as provided in Rule 9K- 8 . 007 , F .A. C . , and which shall be <br /> reflected in an addendum to this Agreement. The amount of the grant shall not exceed the <br /> Limitation of Award provided in Rule 9K- 7 . 003 (3 ) , F . A . C . , and as advertised in the Notice of <br /> Application. <br /> 02-059-FF2 <br /> 12/11 /2002 <br /> Joint Acquisition- <br /> -3 - <br />
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