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Contract No: 00 -CT -D8 -99 -9A -AI -074
FCT Project No: 99-074-P9A .
FCT Project Name: Wabasso Scrub Addition
ADDENDUM I TO CONCEPTUAL APPROVAL AGREEMENT
This ADDENDUM 1 to the Conceptual Approval Agreement is entered into by and
between the FLORIDA COMMUNITIES TRUST (FCT), a nonregulatory agency within the
State of Florida Department of Community Affairs, and INDIAN RIVER COUNTY and CITY
OF SEBASTIAN (Recipient), this 11 th day of April 2000•
WHEREAS, the parties hereto entered into a Conceptual Approval Agreement setting
forth the conditions of conceptual approval that must be satisfied by Recipient prior to the
disbursement of the FCT Preservation 2000 award and the restrictions that are imposed on the
project site subsequent to its acquisition;
WHEREAS, conceptual approval for funding was contingent availability of funds;
WHEREAS, Section I.3. of the Conceptual Approval Agreement states that upon the
availability of funds, this contingency shall be removed by an addendum to the agreement;
WHEREAS, funds are now available;
WHEREAS the parties hereto desire to amend the Conceptual Approval Agreement to
remove the contingency clause;
NOW THEREFORE, the FCT and RECIPIENT mutually agree as follows:
Section I.3. is hereby replaced, revised and superseded by the following:
3. Conceptual Approval for funding shall be until July 27, 1999. In the event the project has
not been completed in full by July 27, 1999, the Conceptual Approval Agreement must be
extended in order that the grant will remain in effect. In advance of the July 27, 1999, date and in
sufficient time before a meeting of the FCT Governing Board that would allow approval of an
extension to this Agreement before its expiration, the Recipient must request a written extension
io the Conceptual Approval Agreement for project continuation in compliance with Rule
9K-4.010(2)0), F.A.C. If the Recipient does not request an extension, or if an extension is not
granted to the Recipient by the FCT Governing Body, the Preservation 2000 award granted to the
Recipient by the Governing Body shall terminate and all obligations hereunder shall cease.
ADD 1/99.074-P9A
03/20!2000
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Based upon the Florida Legislature's ongoing oversight of the rate of expenditure of
funds, and the impact on future funding if expenditures do not timely occur, the FCT expects that
the project will be completed as soon as possible after project selection.
The date of execution of this addendum shall be the date that the last party signs this
addendum.
IN WITNESS WHEREOF, the parties hereto have duly executed this ADDENDUM 1
TO CONCEPTUAL APPROVAL AGREEMENT.
INDIAN RIVER COUNTY
BDpt" Ol' Ct7VlsYyC-9N.M15SIVPJEf
By: k: Iia . 1
Print Name: V12AW 1!;. ADhM 5
Its: 0,019M &hl
Date:Apri 1 11 2000
Approved as to Form and Legality:
Print Name: 704MW-E P 01M"
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ADD 1!99-074-P9A
03!20/2000
Page 2
FLORIDA COMMUNITIES TRUST
By:
Ralph Cantral,
Acting Executive Director
Date:
Approved as to Form and Legality:
By:
Ann J. Wild, Trust Counsel
CITY OF SEBASTIAN
By:
Print Name:
Date:
Approved as to Form and Legality:
RV.
Print Name: