HomeMy WebLinkAbout2000-163i
401p�
$299,500.00
4
2,300.00
Indian River County
Harmony Oaks
PCT Project #90-057-P8A
FCT Contract 400-CT-8J-98-8A-Kl-057
Date:
*AMENDED GRANT AWARD CALCULATION
=AL PRQJE_CT COST$
Land Purchase Price $ 299,500.00(1)
Acquisition Expenses
Appraisals $ 2,300.00
Appraisal Review 606.80
Acquisition Fee 3,961.00
Environmental Audit 3,OB1 SQA
Total Acquisition Expenses l0. 248 _BQ(2)
Total Project Costa 8109.648.00
COMPUTATION QF GEA rr
FCT Award Computation
Share of Purchase Price $191,600.00(1)
Share of Acquisition Expenses x;074.40
Total Share of Project Costs $196,574.40(3}
Indian River County
Share of Purchase Price $157,900.00
Share of Acquisition Expenses 5 L2 .40
Total Share of Project Costs $1fiZ�274.40
Total Project Costa 5309.640,80
COMPUTATION OF PREPAIDS, REIMBURSEMENTS AND ADDITIONAL COSTS
FLORIDA COMMUNITIES TRUST
FCT Prepaid Project Costs
Appraisal Review $ 806.00
Total Prepaid. Costs $ 806.00
FCT Amount Due
Share of Total Project Costs $146,614.40
Less Total Prepaid Casts „_{i_Q --U
Total Amount Due from FCT 5145,067.60
INDIAN RIVER COUNTY
County Prepaid Project. Costs
Land Purchase Price
$299,500.00
Appraisals
2,300.00
Acquisition Fee
3,961.00
Environmental Audit
Total Prepaid Costs
$300,842.00
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Indian River County
Harmony flaks
FCT Project #98-057-P8A
FCT Contract #00 -CT -8J -98 -8A -K1-057
Date;
Page 2
County Amount Due
Share of Total Project Costs
Less Total Prepaid Costs
Total Amount Due To County
County Additional Costs
Record Grant Award Agreement
Total Additional Costs
$162,974.40
108 842.00
$R 5-, 50(4)
$ 55.50
* AMENDED TO REFLECT REVISED MAXIMUM APPROVED PURCHASE PRICE BASED ON SURVEY UPLAND
ACREAGE.
Notes:
(1) Maximum Approved Purchase Price is $283,200.00 pursuant to memorandum dated May 10,
2000, from Caroline Sutton to Ann wild. The County acquired the property on May 28,
1998, at a price of $299,500.00. FCT's reimbursement is based on the Maximum Approved
Purchase Price as it is less than the purchase price.
(2) Pursuant to the terms of the option agreement , the seller paid the costs of survey
and title insurance.
(3) Pursuant to the terms of the Conceptual Approval Agreement, the amount of the grant
shall be the lesser of $155,550.00 or 50$ of the total project costs.
(4) Disbursed to Clerk of the Court, Indian River County, at time of reimbursement from
FCT.
The foregoing calculation of grant award and total project costs is hereby approved by
the undersigned..
INDIAN RIVER COUNTY
BOARD OF COUNTY COMMISSIONERS
By crm
Fran B. Adams, Chairman
Date:_ May 23, 2000
APPROVED AS 70 FORM
AND L L 5 r ICIIENCY
BY TERRENC'� P. O'BR►EN
ASST. COUNTY A f TOR vEY
FLORIDA COMMUNITIES 'TRUST
Ralph Cantral
Acting Executive Director
Date: