HomeMy WebLinkAbout2004-318 P.0 ATTORNEY'S ATT'ORNEY'S OFFICIE ;
INDIANRl�lEIZ COtSTdTl� 1618911
THIS DOCUMENT HAS BEEN RECORDED
. 1840 26th Streei IN THE PUBLIC RECORDS OF
` Ywo 6aache Flodd4 329 INDIAN RIVER COUNTY FL
This document prepared by: BK : 1836 PGA40 , Pagel of 11
Kelly A. Martinson, Esq . 02/16/2006 at 09 :29 AM ,
Florida Communities Trust JEFFREY K BARTON , CLERK OF
Department of Community Affairs COURT
2555 Shumard Oak Blvd.
Tallahassee, FL 32399
FLORIDA COMMUNITIES TRUST
FCT AWARD #03 - 084-FF3
FCT Contract #
ORCA SOUTH LINK
GRANT AWARD AGREEMENT
r
THIS AGREEMENT is entered into this 'fday of iA s , 2004; by and between the
FLORIDA COMMUNITIES TRUST ( "FCT " ) , a nonregulatory agency within the State of Florida
Department of Community Affairs, and INDIAN RIVER COUNTY, a political subdivision of the
State of Florida ( " Recipient" ) , in order to impose terms, conditions, and restrictions on the use of the
proceeds of certain bonds , hereinafter described, and the lands acquired with such proceeds and as
described in Exhibit "A " attached hereto and made a part hereof ( 'Project Site " ), as shall be
necessary to ensure compliance with applicable Florida Law and federal income tax law and to
otherwise implement provisions of Chapters 259 . 105-, 259 . 105 1 , and 380 , Florida Statutes ,
WHEREAS , Part III Chapter 380 , Florida Statutes , the Florida Communities Trust Act,
creates a nonregulatory agency within the Department of Community Affairs, which will assist local
governments in bringing into compliance and implementing the conservation, recreation and open
space, and coastal elements of their comprehensive plans or in conserving natural resources and
resolving land use conflicts by providing financial assistance to local governments and nonprofit
environmental organizations to carry out projects and activities authorized by the Florida
Communities Trust Act;
WHEREAS , Section 259 . 105 (3 ) (c) , F . S . , of the Florida Forever Act provides for the
distribution of twenty- two percent (22 %) less certain reductions of the net Florida Forever Revenue
Bond proceeds to the Department to provide land acquisition grants to local governments and
nonprofit environmental organizations through the FCT for acquisition of community-based projects,
urban open spaces , natural resource conservation areas , parks, greenways and outdoor recreation
areas to implement local comprehensive plans ;
WHEREAS , the Bonds were issued as tax - exempt bonds , meaning that the interest on the
Bonds is excluded from the gross income of Bondholders for federal income tax purposes ;
WHEREAS , Rule 9K - 7 , Florida Administrative Code (F .A . C . ) , authorizes FCT to impose
conditions for funding on those FCT applicants whose projects have been selected for funding in
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November 29 . 2004 1
r
accordance with Rule 9K-7 , F . A . C . ;
WHEREAS , FCT has approved the terms under which the Project Site was acquired and the
deed whereby the Recipient acquires title to the Project Site shall contain such covenants and
restrictions as are sufficient to ensure that the use of the Project Site at all times complies with
Section 375 . 051 , Florida Statutes and Section 9 , Article XII of the State Constitution and shall
contain clauses providing for the conveyance of title to the Project Site to the Board of Trustees of
the Internal Improvement Trust Fund upon the failure of the Recipient to use the Project Site
acquired thereby for such purposes ; and
WHEREAS , such covenants and restrictions shall be imposed by an agreement which shall
describe with particularity the real property which is subject to the agreement and shall be recorded
in the county in which the real property is located ; and
WHEREAS , the purpose of this Agreement is to set forth the covenants and restrictions that
are imposed on the Project Site subsequent to its cost reimbursement using funds from the Florida
Forever Trust Fund award .
NOW THEREFORE , in consideration of the mutual covenants and undertakings set forth
herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged , FCT and Recipient do hereby contract and agree as follows :
I . GENERAL CONDITIONS
1 . Upon execution and delivery by the parties hereto , the Recipient shall cause this
Agreement to be recorded and filed in the official public records of Indian River County, Florida ,
and in such manner and in such other places as FCT may reasonably request, and shall pay all fees
and charges incurred in connection therewith .
2 . The Recipient and FCT agree that the State of Florida Department of Environmental
Protection will forward this Agreement to Department of Environmental Protection Bond Counsel
for review. In the event Bond Counsel opines that an amendment is required to this Agreement so
that the tax-exempt status of the Florida Forever Bonds is not jeopardized , FCT and Recipient shall
amend the Agreement accordingly.
3 . This Agreement may be amended at any time . Any amendment must be set forth in a
written instrument and agreed to by both the Recipient and FCT .
4 . This Agreement and the covenants and restrictions contained herein shall run with the
Property herein described and shall bind , and the benefits shall inure to , respectively, the FCT and
the Recipient and their respective successors and assigns .
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November 29 . 2004 2
5 . This Agreement shall be governed by and construed in accordance with the laws of
the State of Florida, with respect to both substantive rights and with respect to procedures and
remedies.
6 . Any notice required to be given hereunder shall be given by personal delivery, by
registered mail or by registered expedited service at the addresses specified below or at such other
addresses as may be specified in writing by the parties hereto, and any such notice shall be deemed
received on the date of delivery if by personal delivery or expedited delivery service , or upon actual
receipt if sent by registered mail .
FCT : Florida Communities Trust
Department of Community Affairs
2555 Shumard Oak Blvd.
Tallahassee, FL 32399-2100
ATTN : Program Manager
Recipient : 1NPIAN R.rviCK county
_ 18 �1� 25t'�' 9TI�C
VERD VgACG k. F1. 3244*V0 36 '
ATTN : CovWV �l�K� u� st+R�l�rb2
7 . If any provision of the Agreement shall be invalid , illegal or unenforceable , the
validity, legality and enforceability of the remaining provisions shall not in any way be affected or
impaired .
II. PROJECT SITE REQUIREMENTS IMPOSED BY CHAPTER 259, CHAPTER 375,
AND CHAPTER 380, PART III , FLORIDA STATUTES
1 . If any essential term or condition of this grant agreement is violated by the Recipient
or by some third party with the knowledge of the Recipient and the Recipient does not correct the
violation within 30 days of notice of the violation, fee simple title to all interest in the Project Site
shall be conveyed to the Board of Trustees of the Internal Improvement Trust Fund . The FCT shall
treat such property in accordance with Section 380 . 508(4)(e), Florida Statutes .
2 . Any transfer of the Project Site shall be subject to the approval of FCT and FCT shall
enter into a new agreement with the transferee , containing such covenants, clauses, or other
restrictions as are sufficient to protect the interest of the people of Florida.
3 . The interest, if any, acquired by the Recipient in the Project Site will not serve as
security for any debt of the Recipient unless FCT approves the transaction .
4 . If the existence of the Recipient terminates for any reason, title to all interest in real
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November 29 . 2004 3
property it has acquired with the FCT award shall be conveyed to the Board of Trustees of the
Internal Improvement Trust Fund , unless FCT negotiates an agreement with another local
government or nonprofit organization which agrees to accept title to all interest in and to manage the
Project Site .
5 . In the event that the Project Site is damaged or destroyed or title to the Project Site, or
any part thereof, is taken by any governmental body through the exercise or the threat of the exercise
of the power of eminent domain, the Recipient shall deposit with the FCT any insurance proceeds or
any condemnation award, and shall promptly commence to rebuild, replace, repair or restore the
Project Site in such manner as is consistent with the Agreement . The FCT shall make any such
insurance proceeds or condemnation award moneys available to provide funds for such restoration
work . In the event that the Recipient fails to commence or to complete the rebuilding, repair,
replacement or restoration of the Project Site after notice from the FCT, the FCT shall have the right,
in addition to any other remedies at law or in equity, to repair, restore , rebuild or replace the Project
Site so as to prevent the occurrence of a default hereunder.
Notwithstanding any of the foregoing , FCT will have the right to seek specific performance
of any of the covenants and restrictions of this Agreement concerning the construction and operation
of the Project Site ,
III . PROJECT SITE OBLIGATIONS IMPOSED BY FCT ON THE RECIPIENT
1 . The Project Site shall be managed only for the conservation, protection and
enhancement of natural and historical resources and for passive, natural resource-based public
outdoor recreation which is compatible with the conservation, protection and enhancement of the
Project Site, along with other related uses necessary for the accomplishment of this purpose . The
proposed uses for the Project Site are specifically designated in the Project Plan as approved by FCT .
2 . The Recipient shall prepare and submit to FCT an annual stewardship report as
required by Rule 9K- 7 . 013 , F . A . C .
3 . The Recipient shall ensure that the future land use designation assigned to the Project
Site is for a category dedicated to open space , conservation , or outdoor recreation uses as
appropriate . If an amendment to the Recipient' s comprehensive plan is required to comply with this
paragraph, the amendment shall be proposed at the next comprehensive plan amendment cycle
available to the Recipient .
4 . Recipient shall ensure , and provide evidence thereof to FCT, that all activities under
this Agreement comply with all applicable local , state , regional and federal laws and regulations ,
including zoning ordinances and the adopted and approved comprehensive plan for the jurisdiction
as applicable . Evidence shall be provided to FCT that all required licenses and permits have been
obtained prior to the commencement of any construction .
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November 29 . 2004 4
S . The Recipient shall , through its agents and employees, prevent the unauthorized use
of the Project Site or any use thereof not in conformity with the FCT approved project plan.
6 . FCT staff or its duly authorized representatives shall have the right at any time to
inspect the Project Site and the operations of the Recipient at the Project Site .
7 . All buildings , structures , improvements , and signs shall require the prior written
approval of FCT as to purpose . Further, tree removal , other than non-native species , and/or major
land alterations shall require the written approval of FCT . The approvals required from FCT shall
not be unreasonably with-held by FCT upon sufficient demonstration that the proposed structures ,
buildings, improvements, signs , vegetation removal or land alterations will not adversely impact the
natural resources of the Project Site . The approval by FCT of the Recipient' s management plan
addressing the items mentioned herein shall be considered written approval from FCT .
8 . If archaeological and historic sites are located on the Project Site , the Recipient shall
comply with Chapter 267 , Florida Statutes . The collection of artifacts from the Project Site or the
disturbance of archaeological and historic sites on the Project Site will be prohibited unless prior
written authorization has been obtained from the Department of State , Division of Historical
Resources .
9 , The Recipient shall ensure that the Project Site is identified as being publicly owned
and operated as a passive , natural resource-based public outdoor recreational site in all signs ,
literature and advertising regarding the Project Site . The Recipient shall erect a sign( s) identifying
the Project Site as being open to the public and as having been purchased with funds from FCT and
Recipient .
IV, OBLIGATIONS INCURRED BY RECIPIENT AS A RESULT OF BOND
PROCEEDS BEING UTILIZED TO PURCHASE THE PROJECT SITE
1 . If the Project Site is to remain subject, after its acquisition by the State and the
Recipient, to any of the below listed activities or interests , the Recipient shall provide at least 60
days written notice of any such activity or interest to FCT prior to the activity taking place , and shall
provide to FCT such information with respect thereto as FCT reasonably requests in order to
evaluate the legal and tax con- sequences of such activity or interest :
a . any lease of any interest in the Project Site to a non- governmental person or
organization ;
b . the operation of any concession on the Project Site to a non -governmental
person or organization ;
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November 29 . 2004 5
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C , any sales contract or option to buy things attached to the Project Site to be
severed from the Project Site, with a non-governmental person or organization ;
d . any use of the Project Site by non-governmental persons other than in such
person's capacity as a member of the general public ;
e . a management contract of the Project Site with a non-governmental person or
organization ; and
f. such other activity or interest as may be specified from time to time in writing
by FCT to the Recipient.
2 . Recipient agrees and acknowledges that the following transaction, events, and
circumstances may not be permitted on the Project Site as they may have negative legal and tax
consequences under Florida law and federal income tax law :
a . a sale of the Project Site or a lease of the Project Site to a non-governmental
person or organization ;
b . the operation of a concession on the Project Site by a non-governmental
person or organization ;
C . a sale of things attached to the Project Site to be severed from the Project Site
to a non-governmental person or organization ;
d , any change in the character or use of the Project Site from that use expected at
the date of the issuance of any series of bonds from which the disbursement is to be made ;
e . any use of the Project Site by non-governmental persons other than in such
person' s capacity as a member of the general public ;
f, a management contract of the Project Site with a non-governmental person or
organization; and
g . such other activity or interest as may be specified from time to time in writing
by FCT to the Recipient .
DELEGATIONS AND CONTRACTUAL ARRANGEMENTS BETWEEN THE Recipient AND
OTHER GOVERNMENTAL BODIES , NOT FOR PROFIT ENTITIES , OR NON
GOVERNMENTAL PERSONS FOR USE OR MANAGEMENT OF THE PROJECT SITE WILL
IN NO WAY RELIEVE THE Recipient OF THE RESPONSIBILITY TO ENSURE THAT THE
CONDITIONS IMPOSED HEREIN ON THE PROJECT SITE AS A RESULT OF UTILIZING
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i
BOND PROCEEDS TO ACQUIRE THE PROJECT SITE ARE FULLY COMPLIED WITH BY
THE CONTRACTING PARTY .
V. CONDITIONS THAT ARE PARTICULAR TO THE PROJECT SITE AS A RESULT
OF THE FCT APPROVED MANAGEMENT PLAN
1 . Two or more resource-based outdoor recreational facilities including a nature trail and
picnic pavilion shall be provided . The facilities shall be designed and located with minimal impact
to natural resources on the Project Site .
2 . A permanent recognition sign shall be maintained in the entrance area of the Project
Site . The sign shall acknowledge that the Project Site is open to the public and was purchased with
funds from the Florida Communities Trust and Indian River County .
3 . Interpretive signage shall be provided to educate visitors about the natural
environment of the Project Site .
4 . At least 24 environmental education classes or programs shall be conducted annually
at the Project Site by trained educators or resource professionals .
5 . A biological inventory of the natural communities found on the Project Site, including
the dominant and listed plant and animal species , shall be conducted prior to any site development .
The inventory shall be used to ensure the protection of biological resources and be updated
periodically.
6 . The maritime hammock community that occurs on the Project Site shall be restored
and appropriately managed to ensure the long-term viability of this community.
7 . The Project Site shall be managed in a manner that protects and enhances habitat for
native wildlife species that utilize or could potentially utilize the site , including the eastern indigo
snake . The development of the management plan shall be coordinated with the Fish and Wildlife
Conservation Commission ' s Office of Environmental Services to ensure the preservation and
viability of native wildlife species and their habitat . Periodic surveys shall be conducted to ensure
that site management is compatible with the listed species using the Project Site .
8 . An ongoing monitoring and control program for invasive vegetation including exotic
(non-native) and nuisance native plant species shall be implemented at the Project Site . The
objective of the control program shall be the elimination of invasive exotic plant species and the
maintenance of a diverse association of native vegetation . The Management Plan shall reference the
Exotic Pest Plant Council 's List of Florida' s Most Invasive Species to assist in identifying invasive
exotics on the Project Site .
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November 29 . 2004 7
9 . A feral animal removal program shall be developed and implemented, as necessary,
for dogs , cats , and other non-native wildlife that may be found on the Project Site .
10 . Management of the Project Site shall be coordinated with the land managers of other
conservation and preservation lands in the project area, including the Department of Environmental
Protection and St . Johns Water Management District .
11 . Prior to the commencement of any proposed development activities, measures shall
be taken to determine the presence of any archaeological sites . All planned activities involving
known archaeological sites or potential site areas shall be closely coordinated with the Department of
State , Division of Historic Resources in order to prevent the disturbance of significant sites .
12 . The location and design of site improvements shall have minimal impact on natural
resources . Any stormwater management facilities on the Project Site shall be designed to provide
recreational open space or wildlife habitat.
13 . Pedestrian and bicycle access to the Project Site shall be promoted through the
provision of pedestrian oriented walkways and bicycle facilities that link the Project Site with
adjacent residential neighborhoods . Bike parking stands shall be installed at the Project Site to
provide an alternative to automobile transportation to the Project Site .
14 , The Project Site shall be managed as an addition to the Oslo Riverfront Conservation
Area.
15 . The Project Site shall be developed and managed as a support parcel of the Oslo
Riverfront recreational trail system .
16 . The Project Site shall be protected and managed as part of linked conservation lands
within the designated Oslo Riverfront Area Greenway and larger Indian River Lagoon Blueway.
17 . Proposed site improvements shall be designed and located to minimize or eliminate
the long term risk of storm damage or flooding in conjunction with appropriate hazard mitigation
agencies or experts .
18 . The requirements imposed by other grant program funds that may be sought for
activities associated with the Project Site shall not conflict with the terms and conditions of this
Agreement .
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November 29 . 2004 8
This Agreement including Exhibit "A" embodies the entire agreement between the parties .
IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement.
Witness : INDIAN RIVEaCO TY
&kt— �"Vu�cLtJC B
Print Name : 1 I� `� rint Name : qR '
w
Title : e_t"i �rpA4jPA**p op cov
/1 � CaKK► sstaNEQ�
�eU/ SZG�c. Date : npcpmhp_ r 14 . 2004
Print Name : J11,C&,&1A PAI&/ P5 t
Approved as to Form .and Legality:
4e ,
By: I
Print Name : w + to AN 6i . cou. t, N5 s�
C nv►rr ( kjTpR�
STATE OF FLORIDA
COUNTY OF INDIAN RIVER
The foregoing instrument was acknowledged before me this 14th day of December ,
2004 , by Arthur R NpuhPrgpr as Chairman of County Commission on
behalf of the Local Government, and who is personally known to me .
Notary Public
Print Name: Ret a M _ Sm i t. h
Commission No .
My Commission Expires :
ai'a: RLFTA K SMITH
MY OOMMMISSION # DD 349374
EXPIRES: September 20, 2008
4r BWW Thru BWpet Notary Servion
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November 29 . 2004 9
Witness : FL O D COM TIES TRUST
K
By :
Print Name : Xe7..l iv �, � �,,- Kat y B ghman McLeod ,
Co nity Pr gram Mana er
Date : U D
Print Nam( j
App oved as to Form and Legality :
By .
Kelly Form and
Trust Counsel
STATE OF FLORIDA
COUNTY OF LEON
The foregoing instrument was acknowledged before me this day Of ,
2001 , b , ommum y rogra She is pers ally
known to ket. ) i < <T , .� �.. r��.` ,� /r . � .x-.4
Otary Puc ,
13'rint Name :
Commission N,?,
My Comr tie>, e,,s/��
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November 29 . 2004 10
EXHIBIT "A "
;' -•- PARCEL 1 : 3340-30-00000-3000-00008.0
Y.
A PARCEL AND LAND IN INDIAN RIVER COUNTY MORE PARTICULARLY DESCRIBED AS: BEGINNING AT A POINT
WHICH IS 335 .765 FEET SOUTH OF THE NORTHEAST CORNER OF THE NORTHWEST QUARTER OF SECTION 30,
TOWNSHIP 33 SOUTH, RANGE 40 EAST; FROM THENCE RUN SOUTH 335.765 FEET; THENCE RUN WEST 1791 .5 FEET I
TO A POINT ON THE EAST LINE OF THE RIGHT-OF-WAY OF THE FLORIDA EAST COAST RAILWAY; FROM THENCE I
RUN NORTHERLY 350.5 FEET ALONG THE EAST LINE OF THE SAID RAILWAY RIGHT-OF-WAY TO THE SOUTH LINE
OF THE SAID G.W.M. HACKNEY; THENCE RUN EAST WITH THE SAID G.W.M. HACKNEY LINE, 1881 FEET TO THE
POINT OF BEGINNING, A PLANTED STONE BETWEEN SAID G . W.M. HACKNEY AND S. H. WRIGHT, THE FOREGOING
LAND BEING PARTLY IN THE NORTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 30 AND PARTLY
IN THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF THE NORTHWEST QUARTER OF SECTION 30,
TOWNSHIP 33 SOUTH, RANGE 40 EAST, INDIAN RIVER COUNTY, FLORIDA.
LESS AND EXCEPTING THEREFROM, HOWEVER, THE RIGHT-OF-WAY CONVEYED TO STATE ROAD DEPARTMENT i
OF FLORIDA, A BODY CORPORATE, BY DEED DATED SEPTEMBER 29, 1926 AND RECORDED IN DEED BOOK 13 ,
PAGE 232, OF THE PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA AND BY DEED RECORDED IN DEED
BOOK 84, PAGE 247, OF THE PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA.
ALSO, LESS AND EXCEPTING, THE WESTERLY 600 FEET OF THE FOREGOING PARCEL LYING EASTERLY OF U.S . F;
HIGHWAY NO. 1 , CONVEYED IN OFFICIAL RECORDS BOOK 737, PAGE 1665 AND IN OFFICIAL RECORDS BOOK 850,
PAGE 1312, ALL OF THE PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA.
TOGETHER WITH A 10 FOOT EASEMENT OVER THE SOUTH 10 FEET OF THE WESTERLY 600 FEET, AS RESERVED
BY INSTRUMENT RECORDED IN OFFICIAL RECORDS BOOK 737, PAGE 1665, OF THE AFORESAID PUBLIC RECORDS.
i
ALSO, LESS AND EXCEPT ALL PROPERTY LYING WESTERLY OF US HWY 1 PREVIOUSLY CONVEYED TO ELMER' S
TRADING POST, INC. BY DEED RECORDED IN OR BOOK 734, PAGE 2487, PUBLIC RECORDS OF INDIAN RIVER Ir -�
COUNTY, FLORIDA.
PARCEL 2: 3340-30-00000-3000-00003 .0
ALL THAT CERTAIN LOT, TRACT OR PARCEL AND LAND SITUATE, LYING AND BEING IN INDIAN RIVER COUNTY,
FLORIDA, TO-Wrr:
_ COMMENCING AT A POINT ON THE NORTH LINE OF THE NORTHWEST QUARTER OF SECTION 30, TOWNSHIP 33
SOUTH, RANGE 40 EAST, WHERE SAID NORTH LINE IS INTERSECTED BY THE EAST RIGHT-OF-WAY LINE OF U.S.
HIGHWAYNO. 1 , ALSO KNOWN AS FLORIDA STATE ROAD NO. 59 AS THE SAME EXISTED ON JANUARY 25, 1961
AND FROM SAID POINT RUN EAST ON SAID NORTH SECTION LINE, A DISTANCE OF 842.3 FEET TO THE POINT OF
\ BEGINNING; THENCE RUN SOUTH ON A LINE PARALLEL TO THE EAST LINE OF SAID NORTHWEST QUARTER, A
DISTANCE OF 335 .76 FEET; THENCE RUN EAST ON A LINE PARALLEL TO THE NORTH LINE OF SAID NORTHWEST
QUARTER, A DISTANCE OF 171 .2 FEET; THENCE RUN NORTH ON A LINE PARALLEL TO THE EAST LINE OF SAID
NORTHWEST QUARTER TO THE NORTH LINE OF SAID NORTHWEST QUARTER; THENCE RUN WEST ON THE
NORTH LINE OF SAID NORTHWEST QUARTER TO THE POINT OF BEGINNING; SAID LAND LYING AND BEING IN
INDIAN RIVER COUNTY, FLORIDA. (AS CONVEYED TO GRANTORS BY MARGARET LOUISE LUM BY DEED
RECORDED IN OFFICIAL RECORDS BOOK 568, PAGE 517).
SUBJECT TO RIGHT-OF-WAY FOR OSLO ROAD (A/K/A 9T" STREET S. W.), AS RECORDED BY DEED TO THE COUNTY
IN THE OFFICIAL RECORDS.
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November 29 . 2004 11
1 Local Government Name : Indian River County
Project Name : Orca - South Link
FCT Project # 03 - 084 - FF3
Date : / - 7 - 9 /,
GRANT AWARD CALCULATION STATEMENT
TOTAL PROJECT COSTS
Land Purchase Price $ 399 , 000 . 00 ( 1 )
Acquisition Expenses
Appraisal $ 2 , 500 . 00
Appraisal Review 11768 . 00
Real Estate Services 71964 . 50
Survey 4 , 500 . 00
Environmental Audit 21800 . 00
Environmental Audit , Phase II 11 , 100 . 00
Total Acquisition Expenses $ 30 , 632 . 50
Total Project Costs $ 429 , 632 . 50
CCHPUTATION OF GRANT AWARD AND LOCAL MATCH AMOUNT
ECT Award Computation
Share of Purchase Price $ 132 , 000 . 00 ( 1 )
Share of Acquisition Expenses 12 , 253 . 00
Total Share of Project Costs $ 144 , 253 . 00 ( 2 )
Indian River County Award Computation
Share of Purchase Price $ 267 , 000 . 00
Share of Acquisition Expenses 18 , 379 . 50
Total Share of Project Costs $ 285 , 379 . 50
Total Project Costs $ 429 , 632 . 50
CCHPUTATION OF PREPAIDS , REIbIDURSEMENTS AND ADDITIONAL COSTS
FLORIDA CCNMUNITIES TRUST
FCT Prepaid Project Costs
Appraisal Review $ 11768 . 00
Total Prepaid Costs 11768 . 00
ECT Amount Due
Share of Total Project Costs $ 144 , 253 . 00
Less Total Prepaid Costs 11768 . 00
Total Amount Due from ECT $ 142 , 485 . 00
Indian River County
Orca South Link
FCT Project 103 - 084 - FF3
Page 2
INDIAN RIVER COUNTY
County Prepaid Project Costs
Land Purchase Price $ 399 , 000 . 00
Appraisal 21500 . 00
Real Estate Services 71964 . 50
Survey 4 , 500 . 00
Environmental Audit 21800 . 00
Environmental Audit , Phase II 11 , 100 . 00
Total Prepaid Costs $ 427 , 864 . 50
County Amount Due
Share of Total Project Costs $ 285 , 379 . 50
Less Total Prepaid Costs 427 , 864 . 50
Total Amount Due To County
$ 1421485 . 00
County Additional Costa
Record Grant Award Agreement $ 95 . 00 ( 3 )
Total Additional Costs $ 95 . 00
Notes :
( 1 ) Pursuant to memorandum dated November 12 , 2004 , from Caroline Sutton to Kelly
Martinson , the Maximum Approved Purchase Price is $ 330 , 000 . 00 . Indian River County
acquired the property on May 12 , 2004 , at a price of $ 399 , 000 . 00 . The FCT share
of
the purchase price to be reimbursed is based on the Maximum Approved Purchase Price
as it is less than the purchase price .
( 2 ) Pursuant to the terms of the Grant Contract , the amount of the grant shall be
the lesser of $ 144 , 253 . 0C Cr 40 % of the total project costs .
( 3 ) 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 .
of*06 OF eah4ry C'0M^ 1 s s 1 OWE"
INDIAN RIVER COUNTY FL COMMU IT S TRUST
By : ,
Title : NZML) A R . N ERat Ka by ughman McLeo
C un ty Pr2og am a ager
Date : December 14 , 2004 Date : 3 5
APPROVED AS TO FORM
AND LEGAL SUFFICIENCY
t le-
rT> '
WILLIAM O. COLLINS 11
COUNTY ATTORNEY