HomeMy WebLinkAbout2000-095e-1
•
40
® Indian River County
Round Island South
FCT Project #96-044-P7A
Purchase from Evelyn S. Casey, as Trustee
Contract #00 -CT -5R -97 -7A -K5-044
TOTAL PROJECT COSTS
Land Purchase Price
PURCHASER'S RECONCILIATION OF TOTAL PROJECT COSTS
Total Land Purchase Price
$235,000.00(1)
Survey
Acquisition Expenses
Title Insurance
1,250.00
Survey $
3,100.00
Environmental Audit
Title Insurance
1,250.00
$13,250.00
Real Estate Fee
6,800.00
Share of Total Project Costs
Environmental Audit
2.400.00
--13.,215.0..44
Total Acquisition Expenses
$ 1-4,15 .00(2)
Total Project Costs
GRANT AWARDAND
LOCi�MATCH AMOIINT
$748.150.00(3)
COMPUTATION OF
FCT Award Computation
Share of Purchase Price
$112,500.00(1)
Share of Acquisition Expenses
6.575.00
Total Share of Project Costs
$119,075.00(3)
Local Match Computation
Share of Purchase Price
$122,500.00(1)
Share of Acquisition Expenses
6 575.00
Total Share of Project Costs
_179 075.00
Total Project Costs
$ 248.150.00
COMPUTATION OF PREPATDS RETMBURSMONTRADD.1TIONAL
COSTS AND AMOUNTS
DIIF AT CLOgTNC
FLORIDA COMMUNITIES TRUST
FCT Amount Due At Closing
Share of Total Project Costs
$>>9 075.00
Total Amount Due From FCT At
Closing
$119,075.00
INDIAN RIVER COUNTY
County Prepaid Project Coats
Option Payment
$ 100.00
Survey
3,100.00
Title Insurance
1,250.00
Real Estate Fee
6,800.00
Environmental Audit
_2 000.00
Total Prepaid Costs
$13,250.00
County Amount Due At Closing
Share of Total Project Costs
$129,075.00
Less Prepaid Project Costs
--13.,215.0..44
Total Amount Due From County
TOTAL AMOUNT DUE FROM PURCHASERS AT CLOSING
t&
40
40
•
J
Indian River County
Round island South
FCT Project #96-044-P7A
Purchase from Evelyn S. Casey, as Trustee
Contract #00 -CT -5R -97 -7A -KS -044
Date
Page 2
Notes:
(i) Pursuant to memorandum from Caroline Sutton to Ann Wild dated March 23, 2000, the
Maximum Approved Purchase Price is $ 225,000.00 (due to a wetland line survey adjustment).
FCT's share of the purchase price is 50% of the Maximum Approved Purchase Price and Indian
River County's share is the balance of the purchase price.
(2) Cost of appraisal and appraisal review recognized at Swedroe closing.
(3) Pursuant to the terms of the Conceptual Approval Agreement, the amount of the grant
shall not exceed the lesser of $531,000.00 or 50% of the total project cost. Total FCT
share of project costs to date are as follows:
Parcel Seller
Date
Closed
FCT Share of
Tor -1 Praiect Costs
Name
Swedroe
11/3/98
$ 67,488.00
Gilman
11/18/98
153,122.50
de Guzman
11/3/98
51,745.00
Padden
3/31/99
42,500.00
119.075.00
Casey
$ 433,930.50
Total to Date
The foregoing reconciliation of Purchasers- costs is hereby approved by the undersigned.
INDIAN RIVER COUNTY
BOARD OF COUNTY COMMISSIONERS FLORIDA COMMUNITIES TRUST
By: Gln.t YJ OcCaa-z3
Fran B. Adams, Chairman
Date:_April .9 2000
APPROVED AS TO FORM
AND UUFFICI
�'t Ttrrtt ?: P. J t...
ASST. COUNTY ATTORNEY
Ralph Cantral,
Acting Executive Director
Date: