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This Agreement is neither a general obligation of the County, nor is it backed by the full <br /> faith and credit of the County. Payment of $12,000,000 of Closing Fund Awards have been <br /> budgeted and appropriated by the Board of County Commissioners of the County. <br /> In consideration for the mutual promises and agreements contained herein, and other <br /> valuable and good consideration, County and the Closing Fund Awardee agree as follow: <br /> 1.0 PARTIES : The parties and their respective addresses for purposes of this <br /> Agreement are as follows: <br /> JOSEPH A. BAIRD <br /> COUNTY ADMINISTRATOR <br /> INDIAN RIVER COUNTY <br /> 180127`" STREET <br /> VERO BEACH, FLORIDA 32960-3388 <br /> FAX NUMBER: (772) 978-1822 <br /> PIPER AIRCRAFT, INC. <br /> 2926 PIPER DRIVE <br /> VERO BEACH, FLORIDA 32960 <br /> FAX NUMBER: (772) 978-6562 <br /> 2.0 ADMINISTRATORS : <br /> The County's Closing Fund Agreement administrator is: <br /> loseph Baird, County Administrator <br /> The Closing Fund Awardee Agreement administrator is: <br /> Michael Kelley, Chief Financial Officer or his successor. <br /> All approvals and notifications referenced in this Agreement must be obtained in <br /> writing from the parties' agreement administrators or their duly authorized designees. <br /> 3.0 TERM: The term for purposes of performance and compliance (the "Performance <br /> Term") of this Agreement shall commence upon the date of execution of this Agreement, and <br /> 13745/01/00234567.DOCv51 <br /> 2 <br />