Fla. Admin. Code Ann. R. 62-821.002 - Definitions
The definitions set forth in Rule 62-820.002, F.A.C., shall apply as used in this rule chapter and are incorporated herein by reference. Additionally, the following definitions shall apply as used in this rule chapter:
(1) "Appraisal Services" has
the same meaning as provided in Rule
18-1.002, F.A.C.
(2) "Appraisal Report" means the written
analyses, opinions, and conclusions issued by an Approved Appraiser in
connection with the Acquisition of any interest in real property under this
rule chapter or Chapter 62-820, F.A.C.
(3) "Approved Appraisal" has the same meaning
as provided in Rule 18-1.002, F.A.C.
(4) "Approved Appraiser" means an Appraiser
who has the necessary background, qualifications and experience to appraise the
interest in real estate being acquired under this chapter and whose name is on
the current list of approved appraisers on file with the Division of State
Lands, Department of Environmental Protection.
(5) "Approved Survey" means a Certified
Survey that has been reviewed and approved by the Trust.
(6) "Certified Survey" means a survey that is
certified, signed and sealed by a registered land surveyor authorized to
practice surveying in the State pursuant to Chapter 472, F.S.
(7) "Confidential" refers to information that
shall not be available for public disclosure or inspection and is exempt from
the provisions of Section
119.07, F.S.
(8) "Hazardous Materials Contamination" means
radon, PCBs, oil or other petroleum based products, chemicals, any noxious,
hazardous, offensive, explosive or toxic substances or waste, or any hazardous
materials or toxic substances as such terms are defined in the Comprehensive
Environmental Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. §
9601 et seq. (CERCLA), the Hazardous Materials Transportation Act,
49 U.S.C. §
5102 et seq. (HMTA), the Resource Conservation and Recovery Act
of 1976, 42 U.S.C. §
6903 et seq. (RCRA), and the regulations adopted
pursuant thereto.
(9) "Market
Value" has the same meaning as provided in Rule
18-1.002, F.A.C.
(10) "Minimum Technical Standards" means the
Minimum Technical Standards for Surveyors as set forth by the Florida Board of
Professional Surveyors and Mappers pursuant to Chapter 472, F.S.
(11) "Option Agreement" or "Option Contract"
means a proposed written agreement between the Recipient and the Trust to
purchase all or a portion of the property lying within the Project Site,
subject to the approval of the Recipient's governing body and the Trust after
appropriate notice and hearing (as may be required).
(12) "Owner(s)" or "Seller(s)" means the fee
simple title owner(s) of the Project Site.
(13) "Purchase Agreement" means the various
types of written contracts to purchase real property, including purchase
agreements, Option Agreements, exchange agreements and other forms of such
agreements, that become binding on all parties to the contract at the time the
Purchase Agreement is duly executed.
(14) "Title Insurance Commitment" means a
written agreement issued by a Florida licensed title insurer agreeing to issue
to the Recipient, the Trust, or the Board of Trustees, individually or as
co-insureds, upon the recording of the deed, an owner's policy of title
insurance in the amount of the Project Site's purchase price insuring
marketability of title to the Project Site, subject only to liens,
encumbrances, exceptions or qualifications that are acceptable to the Trust and
the Recipient, and those which will be discharged by the Owner(s) at
closing.
(15) "Uniform Standards of
Professional Appraisal Practice" has the same meaning as provided in Rule
18-1.002,
F.A.C.
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