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Hans Ottinot, City Attorney <br /> February 18, 2015 <br /> Page 2 <br /> The required Grant repayment as of February 23, 2015 is as follows: <br /> Grant principal $135,611.00 <br /> Accrued interest from March 4, 2009 <br /> through February 23, 2015 + 42,580.93 <br /> Total due through February 23, 2015: $178,191.93 <br /> The City must add interest of$19.5057 per day for each additional day after February 23, <br /> 2015, until payment is received by DEP. <br /> The City's check should be made payable to the "Florida Department of <br /> Environmental Protection"and include the notation: "Land Acquisition Trust Fund, <br /> FRDAP Project Number A9033." Please deliver the check to the undersigned's <br /> attention c/o the above address. <br /> Also enclosed/attached is a draft of the Release and Cancellation of the Declaration of <br /> Restrictions, for your review and comment. I look forward to your comments on the <br /> proposed Release. <br /> We appreciate the City's cooperation in repaying the full amount of the Grant,with interest. <br /> If we can be of further assistance or if you have any questions or concerns regarding the <br /> payoff calculation, please contact me directly at(850) 245-2501. <br /> Sincerely, <br /> O <br /> Angela B i ht <br /> Enclosures/Attachments (3) <br /> tirx if dep.staie./l.us <br />