HomeMy WebLinkAboutCity of Tamarac Resolution (86)Temp. Reso #9721
March 12, 2002
Page 1
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2002-086
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA ACCEPTING A GRANT
AWARD IN THE AMOUNT OF $255,890 FROM THE
FLORIDA COMMUNITIES TRUST; AUTHORIZING THE
APPROPRIATE CITY OFFICIALS TO EXECUTE A GRANT
AWARD AGREEMENT AND GRANT AWARD
CALCULATION STATEMENT BETWEEN THE CITY OF
TAMARAC AND THE FLORIDA COMMUNITIES TRUST;
AUTHORIZING AND DIRECTING THE CITY CLERK TO
RECORD SAID AGREEMENTS IN THE PUBLIC RECORDS
OF BROWARD COUNTY; PROVIDING FOR CONFLICTS;
PROVIDING FOR SEVERABILITY; AND PROVIDING FOR
AN EFFECTIVE DATE.
WHEREAS, the City of Tamarac Comprehensive Plan contains elements
providing for conservation, recreation and open space; and
WHEREAS, the City of Tamarac acquired the McNab park parcel in October,
1999 for purposes of meeting the conservation, recreation and open space elements of
the City of Tamarac Comprehensive Plan; and
WHEREAS, the Florida Communities Trust through the Preservation 2000
Program provides grants to assist local governments to implement the conservation,
recreation and open space elements of the local comprehensive plans; and
WHEREAS, Resolution R-2000-133 of the City Commission of the City of
Tamarac authorized an application to the Florida Communities Trust for reimbursement
of 40% of the acquisition costs of the McNab park parcel; and
WHEREAS, the Florida Communities Trust has approved the City's application
and requires execution of the Grant Award Agreement and Grant Award Calculation
statement hereto attached as Exhibit 1 and Exhibit 2 respectively; and
Temp. Reso #9721
March 12, 2002
Page 2
WHEREAS, the Grant Award Agreement provides for the covenants and
restrictions that shall be imposed on the project site subsequent to its acquisition with
FCT Preservation 2000 bond proceeds.
WHEREAS, the Grant Award Calculation statement provides for the computation
of the grant award in the amount of $255,890; and
WHEREAS, the City Manager and Director of Parks and Recreation recommend
execution of the Grant Award Agreement and Grant Award Calculation statement; and
WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be
in the best interests of the citizens and residents of the City of Tamarac to accept the
grant award and authorize the appropriate City officials to execute the Grant Award
Agreement and Grant Award Calculation statement between the City of Tamarac and
the Florida Communities Trust.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF TAMARAC, FLORIDA:
Section 1: The foregoing "WHEREAS" clauses are hereby ratified and
confirmed as being true and correct and are hereby made a specific part of this
resolution.
Section 2: The City Commission of the City of Tamarac hereby accepts the
grant award in the amount of $255,890 from the Florida Communities Trust.
Section 3: The appropriate City officials are hereby authorized to execute the
Grant Award Agreement and Grant Award Calculation statement between the City of
Tamarac and the Florida Communities Trust, hereto attached as Exhibit 1 and Exhibit 2,
respectively.
Temp. Reso #9721
March 12, 2002
Page 3
1
Section 4: The City Clerk is hereby authorized and directed to record the
Grant Award Agreement and Grant Award Calculation statement in the Public Records
of Broward County.
Section 5: All resolutions or parts of resolutions in conflict herewith are hereby
repealed to the extent of such conflict.
Section 6: If any clause, section, other part or application of this Resolution is
held by any court of competent jurisdiction to be unconstitutional or invalid, in part or in
application, it shall not affect the validity of the remaining portion or applications of this
Resolution.
Section 7: This Resolution shall become effective immediately upon its
adoption.
PASSED, ADOPTED, AND APPROVED this 26th day of March, 2002.
ATTEST:
MARION -SWENSON, CMC
CITY CLERK
I HEREBY CERTIFY that I
have approved this
R.'S-bQUTIOI as to form.
V
I CHELL S. KR
CITY ATTORNEY
JC5� 1 1
JOE SCHREIBER
MAYOR
RECORD OF COMMISSION VOTE:
MAYOR SCHREIBER A -ye,
DIST 1: V/M. PORTNER y4ve'
DIST 2: COMM. MISHKIN Aye,,
DIST 3: COMM. SULTANOF_a4T
DIST 4: COMM. ROBERTS A -ye'
This instrument prepared by:
Ann J. Wild
Florida Communities Trust
Department of Community Affairs
2555 Shumard Oak Blvd.
Tallahassee, FL 32399-2100
CONTRACT #
FLORIDA COMMUNITIES TRUST
P10 AWARD# 00-025-P10
GRANT AWARD AGREEMENT
THIS AGREEMENT is entered into this 2.(::�, day of C h ,
2002 by and between the FLORIDA COMMUNITIES TRUST ("FCT"), a
nonregulatory agency within the State of Florida Department of
Community Affairs, and the CITY OF TAMARAC ("FCT 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 253, 259, 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 and in otherwise conserving natural
resources and resolving land use conflicts by providing financial
assistance to local governments to carry out projects and
activities authorized by the Florida Communities Trust Act;
WHEREAS, Section 259.101(3)(c), Florida Statutes, provides
for the distribution of ten percent (10%) of the net Preservation
2000 Revenue Bond proceeds to the Department of Community Affairs
to provide land acquisition grants and loans to local governments
through the FCT;
WHEREAS, the Governor and Cabinet authorized the sale and
issuance of State of Florida Department of Natural Resources
Preservation 2000 Revenue Bonds ("Bonds");
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;
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WHEREAS, Rule 9K-4.010(2)(e), F.A.C., authorizes FCT to
impose conditions for funding on those FCT applicants whose
projects have been selected for funding in accordance with Rule
Chapter 9K-4, F.A.C.;
WHEREAS, the FCT has approved the terms under which the
Project Site was acquired and the FCT Recipient has acquired
title to the Project Site and the Project Site shall be subject
to 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 such covenants and restrictions 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 FCT 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 acquisition with FCT Preservation 2000 Bond
Proceeds.
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 FCT Recipient do hereby contract and agree
as follows:
I. GENERAL CONDITIONS.
1. Upon execution and delivery by the parties hereto, the
FCT Recipient shall cause this Agreement to be recorded and filed
in the official public records of Broward 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 FCT 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 Preservation 2000 Revenue Bonds is not jeopardized, FCT and
FCT Recipient shall amend the Agreement accordingly.
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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 FCT 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 FCT Recipient and their respective successors and
assigns.
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: Executive Director
FCT Recipient: Diane Phillips, Assistant to the City Manager Mitch Kraft, City Attorney
City of Tamarac City of Tamarac
7525 NW 88`h Avenue 7525 NW 88`h Avenue
Tamarac, FL 33321 Tamarac, FL 33321
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 FCT Recipient or by some third party
with the knowledge of the FCT Recipient and the FCT 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.
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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 FCT Recipient in
the Project Site will not serve as security for any debt of the
FCT Recipient unless FCT approves the transaction.
4. If the existence of the FCT Recipient terminates for
any reason, title to all interest in the Project Site 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 FCT 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
FCT 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 FCT
RECIPIENT.
1. The Project Site shall be managed only for the
conservation, protection and enhancement of natural and
historical resources and for 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.
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2. The FCT Recipient shall prepare and submit to FCT an
annual report as required by Rule 9K-4.0131, F.A.C.
3. The FCT 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 FCT 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 FCT Recipient.
4. FCT 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.
5. The FCT 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 FCT 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 FCT 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 FCT 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.
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9. The FCT 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 FCT 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 FCT Recipient.
IV. OBLIGATIONS INCURRED BY FCT 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 FCT Recipient, to any of the
below listed activities or interests, the FCT 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;
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 FCT
Recipient.
2. FCT 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;
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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 FCT
Recipient.
DELEGATIONS AND CONTRACTUAL ARRANGEMENTS BETWEEN THE FCT
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 FCT RECIPIENT OF THE
RESPONSIBILITY TO ENSURE THAT THE CONDITIONS IMPOSED HEREIN ON
THE PROJECT SITE AS A RESULT OF UTILIZING BOND PROCEEDS TO
ACQUIRE THE PROJECT SITE ARE FULLY COMPLIED WITH BY THE
CONTRACTING PARTY.
V. CONDITIONS PARTICULAR TO THE PROJECT SITE THAT MUST BE
ADDRESSED IN THE MANAGEMENT PLAN
1. Outdoor recreational facilities including trails, nature
kiosk, outdoor amphitheater, playground, and picnic area shall be
provided. The facilities shall be developed in a manner that
allows the general public reasonable access for observation and
appreciation of the natural resources on the project site without
causing harm to those resources.
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 Preservation 2000 Program and
the City of Tamarac. Such recognition shall also be included in
all printed literature and advertising associated with the project
site.
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3. Regularly scheduled and ongoing educational programs that
promote the protection of natural and cultural resources shall be
provided at the project site.
4. A survey of the vegetative communities and plant species
on the project site shall be conducted. The survey shall be used
during development of the site to ensure the protection,
restoration, and preservation of the native vegetation on the
project site.
5. The project site shall be managed in a manner that
protects and enhances habitat for listed wildlife species that
utilize or could potentially utilize the project site. The
development of the management plan shall be coordinated with the
Florida Fish and Wildlife Conservation Commission to ensure the
protection of listed species and listed species habitat. Periodic
surveys shall be conducted of listed species using the project
site.
6. Approximately four acres of the project site shall be
maintained as landscaped open space where exotic and invasive plant
species are controlled and replaced with native plants. At least
one acre of the project site shall be restored as a natural wetland
community in terms of biological composition and ecological
function by lowering ground elevations to a proper elevation and
replanting native aquatic vegetation. An ongoing monitoring and
maintenance program shall be implemented to ensure the success of
the wetland restoration plan.
7. Adjacent development activities shall be monitored
through the development review and approval process to ensure that
such activities do not negatively effect the resources on the
project site.
8. A stormwater management plan shall be developed and
implemented at the project site to ensure the protection of
adjacent surface waters.
9. 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 Recipient shall reference the Exotic Pest
Plant Council's List of Florida's Most Invasive Species to assist
in identifying invasive exotic vegetation on the project site.
10. Pedestrian and bicycle access to the project site shall
be promoted through pedestrian oriented walkways and bicycle routes
that link the project site with adjoining residential neighborhoods
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11. The project site shall be managed in conjunction with
nearby public and private conservation lands to provide synergistic
benefits for resource conservation and to promote the recovery and
maintenance of listed animal species.
12. The requirements imposed by other grant program funds
that may be sought by the Recipient for activities associated with
: the project site shall not conflict with the terms and conditions
of the this award.
THIS GRANT AWARD AGREEMENT embodies the entire Agreement
between the parties.
IN WITNESS WHEREOF, the parties hereto have duly executed
this Agreement.
Witness:
Wi ess Name:
Witness Name:
CITY OF TAMARAC
Jeffre , . Miller, City Manager
Date: -2-0�
By:
Schreiber, Mayor
Date: 3 - 2.6-0 2_
to Uizal Form and
Mitchell S. aft, C' ttorney
STATE OF FLORIDA
COUNTY OF 7�W�` Date:
The foregoing instrument was acknowledged befo e his �6
d of 2002 by 1 l 1/ v , as
(�14 at I W 0. He is personally known
to m , or hag produced as identification.
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Notary Publi
Print Name: _ UtJr) kl
Commission No. eO962i
My Commission Expires:
Witness Name:
Witness Name:
STATE OF FLORIDA
COUNTY OF LEON
FLORIDA COMMUNITIES TRUST
Janice Browning,
Executive Director
Date:
Accepted as to Legal Form and
Sufficiency:
Ann J. Wild, Trust Counsel
Date:
The foregoing instrument was acknowledged before me this
day of , 2000, by JANICE BROWNING, as Executive
Director of the Florida Communities Trust. She is personally known
to me.
Notary Public
Print Name:
Commission No.
My Commission Expires:
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02-01-02 10
EXHIBIT "A"
A PORTION OF TRACT 16 IN SECTION 7, TOWNSHIP 49 SOUTH, RANGE 41 EAST OF "FLORIDA
FRUIT LANDS COMPANY'S SUBDIVISION NO. 2" ACCORDING TO THE PLAT THEREOF AS RECORDED
IN PLAT BOOK 1, PAGE 102 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA,
DESCRIBED AS FOLLOWS:
COMMENCE AT THE NORTHWEST CORNER OF SAID SECTION 7; THENCE ALONG THE NORTH LINE
OF SAID SECTION 7, NORTH 89'33'15" EAST (BEARING BASIS) 494.04 FEET; THENCE SOUTH
00'13'25" EAST 15.00 FEET TO THE POINT OF BEGINNING; THENCE ALONG THE SOUTH RIGHT OF
WAY LINE OF McNAB ROAD, NORTH 89'33'15" EAST 569.93 FEET TO THE WEST BOUNDARY OF
PARCEL 'A' OF "TEE PLAT NO. 1 " ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT
BOOK 151, PAGE 32 OF THE PUBLIC RECORDS OF BROWARD COUNTY, FLORIDA; THENCE ALONG
SAID WEST BOUNDARY, SOUTH 00'24'56" EAST 647.85 FEET TO THE SOUTH LINE OF SAID
TRACT 16; THENCE ALONG SAID SOUTH LINE, SOUTH 89'29'55" WEST 572.09 FEET; THENCE
NORTH 00'13'25" WEST 648,41 FEET TO THE POINT OF BEGINNING.
SAID LANDS SITUATE, LYING, AND BEING IN THE CITY OF TAMARAC, BROWARD COUNTY,
FLORIDA AND CONTAINING 570,085 SQUARE FEET (8.496 ACRES) MORE OR LESS.
of
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City of Tamarac
McNab Park Restoration
FCT Project #00-025-P10
FCT Contract #
Date:
TOTAL PROJECT COSTS
Land Purchase Price
Acquisition Expenses
Appraisals
Appraisal Review
Title Insurance
Survey
Environmental Audit
Total Acquisition Expenses
Total Project Costs
GRANT AWARD CALCULATION
$ 635,000.00(1)
$ 3,050.00
1,890.00
3,650.00
100.00
2,000.00
10,690.00(2)
COMPUTATION OF GRANT AWARD AND LOCAL MATCH AMOUNT
FCT Award Computation
Share of Purchase Price $254,000.00
Share of Acquisition Expenses 3,780.00(2)
Total Share of Project Costs $257,780.00(2)
City
Share of Purchase Price
Share of Acquisition Expenses
Total Share of Project Costs
Total Project Costs
$381,000.00
6,910.00(2)
$387,910.00(2)
COMPUTATION OF PREPAIDS, REIMBURSEMENTS AND ADDITIONAL COSTS
FLORIDA COMMUNITIES TRUST
FCT Prepaid Project Costs
Appraisal Review $ 1,890.00
Total Prepaid Costs $ 1,890.00
FCT Amount Due
Share of Total Project Costs $257,780.00
Less Total Prepaid Costs 1,890.00
Total Amount Due from FCT $ 255,890,00
CITY OF TAMARAC
City Prepaid Project Costs
Land Purchase Price
Appraisals
Title Insurance
Survey
Environmental Audit
Total Prepaid Costs
$635,000.00(1)
3,050.00
3,650.00
100.00
2,000.00
$643,800.00
$645,690.00
$645,690.00
1
City of Tamarac
McNab Park Restoration
FCT Project #00-025-P10
FCT Contract #
Date:
Page 2
City Amount Due
City Share of Total Project Costs $387,910.00
Less City Prepaids 643,800.00
Total Amount Due To City $255,890.00
City Additional Costs
Record Grant Award Agreement $ 51.00(3)
Total Additional Costs $ 51.00
Notes:
(1) Maximum approved purchase price is $640,000.00 for the 7.968 acre FCT parcel
pursuant to memorandum dated January 10, 2002, from Caroline Sutton to Gayle Brett.
The City acquired a total of 17.558 acres on October 25, 1999, at a price of
$835,000.00, of which $635,000.00 is allocated to the FCT parcel.
(2) Pursuant to the terms of the Conceptual Approval Agreement, the amount of the
grant shall be the lesser of $257,780.00 or 40% of the total project costs. The
FCT and City shares of the acquisition expenses are adjusted to reflect FCT total at
the amount of the grant.
(3) Disbursed to Clerk of the Court, Broward County, at time of reimbursement from
FCT.
The foregoing calculation of grant award and total project costs is hereby approved
by the undersigned.
CITY OF TAMARAC
JeffreyMiller, City Manager
Date: 2 ,, 02
By:
sue,
e Schreiber, Mayor IF
Date: C4W e.h 2 6, C2
orm and
By. V U' v
itchell S. Iftaft, ity Atto
Date: ` b
FLORIDA COMMUNITIES TRUST
Janice Browning, Executive Director
Date: