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FLORIDA INLAND NAVIGATION DISTRICT cS >= <br /> PROJECT AGREEMENT <br /> PROJECT NO . IR- 05 -39 <br /> This PROJECT AGREEMENT made and entered into this day of <br /> ►Jc3� 2065�by and between the Florida Inland Navigation District <br /> (hereinafter the "DISTRICT") , and the Indian River County, (hereinafter the "PROJECT <br /> SPONSOR") . <br /> In consideration of the mutual promises and covenants contained herein, the parties agree <br /> as follows : <br /> 1 . PROJECT - Subject to the provisions of this Agreement and Rule 6613 -2 of the <br /> Florida Administrative Code (Exhibit "A") , the DISTRICT has determined to provide assistance <br /> funding to the PROJECT SPONSOR in furtherance of an approved project (" PROJECT") <br /> consisting of the Jungle Trail Shoreline Stabilization — Phase II-A . Said project is more <br /> specifically described in the PROJECT SPONSOR' S Waterways Assistance Application, which <br /> is on file at DISTRICT headquarters . <br /> Any modifications to the PROJECT shall require advance notice to and the prior written <br /> approval of the DISTRICT . <br /> 2 . TERM - The PROJECT SPONSOR shall not commence work on the PROJECT <br /> prior to the execution of this Agreement unless specifically authorized by the DISTRICT Board <br /> and shall complete the PROJECT and submit all required payment reimbursement <br /> information on or before September 1 , 2007, unless the PROJECT period has been extended <br /> with the prior written approval of the DISTRICT . In no event, however, shall the PROJECT <br /> period extend beyond three (3 ) years from October 1 , 2005 . The PROJECT SPONSOR <br /> acknowledges there are no provisions to carry over the DISTRICT assistance funding under this <br /> Agreement beyond September 30 , 2008 , and that any extension of funding beyond this date shall <br /> be at the sole discretion of the DISTRICT . <br /> Any request for extension of funding beyond the date set forth in the preceding paragraph <br /> shall require submittal by the PROJECT SPONSOR of a request for extension to the DISTRICT <br />