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Florida Administrative Code (Last Updated: November 11, 2024) |
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9. Department of Community Affairs |
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9K. Florida Communities Trust |
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9K-9. Stan Mayfield Working Waterfronts Application Procedures |
1(1) The established time frame for funding approval shall be for a period not to exceed 12 months. Approval shall be evidenced by a fully executed Grant Contract between the Trust and the Recipient. When the established time frame has expired, the project shall be terminated and funds committed to the project shall then be committed to other approved Applications. The Trust shall extend the Grant Contract beyond the established time frame if significant progress is being made toward the acquisition of the project site or if extenuating circumstances beyond the control of the Applicant warrant an extension of time.
101(2) The time period of the Grant Contract and extensions shall not exceed a total of 24 months; unless, however, the Trust extends an Award beyond 24 months when significant progress is being made toward closing the project or if extenuating circumstances warrant an extension of time.
148(3) The Recipient must request an extension in writing that includes an explanation of the goals currently accomplished to complete the project and the timeframe needed to complete outstanding goals. The Recipient may also include an explanation of circumstances beyond their control that have negatively impacted the completion of the project site.
200(4) The Trust may unilaterally terminate the Grant Contract prior to the established time frame, if it is determined by the Trust that no significant progress is being made toward the Acquisition of the Project Site or other circumstances are present which would, in all likelihood, preclude or prevent the successful Acquisition of the Project Site within the established time frame.
261Specific Authority 263380.507(11), 264380.5105(2) FS. 266Law Implemented 268259.105, 269380.501-.515 FS. History–New 11-25-08.
