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STATE of FLORIDA DEPARTMENT OF TRANSPORTAT" got{ - PUE= TRANSPORTATION PUBMTRANSPORTATION JOINT PARTICIPATION AGREEMENT 0=3 Page 1 of 12 Financial Project No. : Fund: DDR FLAIR Approp. : 088774 40719018401FLAtR Ob 750010 (item-segmerd-phase-sequence) Function: 680 )• - Org. Code: 55042010429 Contract No. : Federal No.: NlA Vendor No. : VF596000674007 Catalog of Federal Domestic Assistance Number. N/A Catalog of State Financial Assistance Number. 55010 THIS AGREEMENT, made and entered into this day of , by and between the STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION , an agency of the State of Florida , hereinafter referred to as the Department, and Indian River County Board of County Commissioners 1840 - 25th Street Vero Beach , FL 32960 hereinafter referred to as Agency. WITNESSETH : NMEREAS, the Agency has the authority to enter into said Agreement and to undertake the project hereinafter described , and the Department has been granted the authority to function adequately in all areas of appropriate jurisdiction including the implementation of an integrated and balanced transportation system and is authorized under 341 Florida Statutes, to enter into this Agreement. NOW, THEREFORE, in consideration of the mutual covenants, promises and representations herein , the parties agree as follows: 1 .00 Purpose of Agreement: The purpose of this Agreement is to provide fundiing as Ace to Indian River County to offset the operating costs of providing transit services in the County and as further described in Exhibit(s) A. B, & C attached hereto and by this reference made a part hereof, hereinafter referred to as the project, and to prow a epa mental financial assistance to the Agency and state the terms and conditions upon which such assistance will be provided and the understandings as to the manner in which the project will be undertaken and completed .