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c' �3 lq4 l <br /> RECEIVFLJ <br /> FCT Contract Number *CT-%T 0 2 - F2 A dS8 <br /> FLORIDA COMMUNITIES TRUST AUG 21 2003 <br /> FF2 Award Number 02-058 -17172 DEPT, OF COMMUNITY AFFAIRS <br /> KROEGEL HOMESTEAD F ORIDA COMMUNITIES TRUST <br /> CSFB S2ooZ <br /> GRANT CONTRACT <br /> THIS AGREEMENT is entered into on ? per. b Z 6 200 3 , the date <br /> the last party executes this Agreement, by and between hie FLORIDA COMMUNITIES TRUST <br /> (FCT) , a nonregulatory agency within the State of Florida Department of Community Affairs, <br /> and INDIAN RIVER COUNTY, a local government of the State of Florida (Recipient) . The <br /> intent of this Agreement is to impose terms and conditions on the use of the proceeds of certain <br /> bonds , hereinafter described, and the lands acquired with such proceeds (Project Site) , that are <br /> necessary to ensure compliance with applicable Florida law and federal income tax law and to <br /> otherwise implement provisions of Sections 259 . 105 , 259 . 105 1 , and Chapter 380 , Part III, <br /> Florida Statutes (F . S .) . <br /> WHEREAS , Chapter 380, Part IlI, F . S . , the Florida Communities Trust Act, creates a <br /> nonregulatory agency within the Department of Community Affairs (Department) that will assist <br /> local governments in bringing local comprehensive plans into compliance and implementing the <br /> goals , objectives, and policies of the conservation, recreation and open space, and coastal <br /> management elements of local 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 <br /> Revenue Bond proceeds to the Department to provide land acquisition grants to local <br /> governments or nonprofit environmental organizations through the FCT for acquisition of <br /> community-based projects , urban open spaces, parks , greenways , and recreational trail systems to <br /> implement local comprehensive plans ; <br /> WHEREAS , the Bonds are 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 . ) , describes the <br /> procedures for evaluation and selection of lands proposed for acquisition using funds allocated to <br /> the FCT through the Department from the Florida Forever Trust Fund; <br /> 02-05&FF2 <br /> July 17, 2003 <br /> Partial-Pre-acquired/Joint Acquisition <br /> - 1 - <br />