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�Y .'' C 1i'd � 1 ,�. r�7"1''C'INI LZ�d '1:^° OFFICE
<br /> L?UN'i"Y
<br /> 1618912
<br /> 1840 25A Street THIS DOCUMENT HAS BEEN RECORDED I V
<br /> Vero Beach , Florida 32960 IN THE PUBLIC RECORDS OF
<br /> This document prepared by: INDIAN RIVER COUNTY FL
<br /> Kelly A . Martinson, Esq .. BK : 1836 PG : 451 , Pagel of 11
<br /> 02/16/2005 at 09 :29 AM ,
<br /> Florida Communities Trust
<br /> Department of Community Affairs JEFFREY K BARTON, CLERK OF
<br /> 2555 Shumard Oak Blvd . COURT
<br /> Tallahassee, FL 32399
<br /> FLORIDA COMMUNITIES TRUST
<br /> FF2 AWARD #02 - 058 -FF2
<br /> FCT Contract # os .yam ,
<br /> KROEGEL HOMESTEAD
<br /> GRANT AWARD AGREEMENT
<br /> THIS AGREEMENT is entered into this 7 6aay of F<,r,,.,��� , 2004 , by and between the
<br /> FLORIDA COMMUNITIES TRUST ( " FCT "), a nonregulatory agency within the State of Florida
<br /> Department of Community Affairs, and INDIAN RIVER COUNTY, a political subdivision of the
<br /> State of Florida ( " Recipient ") , in order to impose terms , conditions , and restrictions on the use of the
<br /> proceeds of certain bonds , hereinafter described, and the lands acquired with such proceeds and as
<br /> described in Exhibit "A " attached hereto and made a part hereof ( " Project Site " ) , as shall be
<br /> necessary to ensure compliance with applicable Florida Law and federal income tax law and to
<br /> otherwise implement provisions of Chapters 259 . 105 , 259 . 105 1 , and 380 , Florida Statutes .
<br /> WHEREAS , Part III Chapter 380 , Florida Statutes, the Florida Communities Trust Act,
<br /> creates a nonregulatory agency within the Department of Community Affairs , which will assist local
<br /> governments in bringing into compliance and implementing the conservation, recreation and open
<br /> space , and coastal elements of their comprehensive plans or in conserving natural resources and
<br /> resolving land use conflicts by providing financial assistance to local governments and nonprofit
<br /> environmental organizations to carry out projects and activities authorized by the Florida
<br /> Communities Trust Act;
<br /> WHEREAS , Section 259 . 105 (3 )(c) , F . S . , of the Florida Forever Act provides for the
<br /> distribution of twenty- two percent (22%) less certain reductions of the net Florida Forever Revenue
<br /> Bond proceeds to the Department to provide land acquisition grants to local governments and
<br /> nonprofit environmental organizations through the FCT for acquisition of community-based projects,
<br /> urban open spaces , natural resource conservation areas , parks , greenways and outdoor recreation
<br /> areas to implement local comprehensive plans ;
<br /> WHEREAS , the Bonds were issued as tax- exempt bonds , meaning that the interest on the
<br /> Bonds is excluded from the gross income of Bondholders for federal income tax purposes ;
<br /> WHEREAS , Rule Chapter 9K-7 , Florida Administrative Code (F . A . C . ) , authorizes FCT to
<br /> impose conditions for funding on those FCT applicants whose projects have been selected for
<br /> GAA\02 - 058 -FF2
<br /> October 22 , 2004 1
<br /> Rc�1c ,f,k Vl a. C�
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