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DEP AGREEMENT NO. G0353 STATE OF FLORIDA GRANT AGREEMENT PURSUANT TO ENVIRONMENTAL PROTECTION AGENCY GRANT AWARD(S) THIS AGREEMENT is entered into between the STATE OF FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION, whose address is 3900 Commonwealth Boulevard, Tallahassee, Florida 32399-3000 (hereinafter referred to as the "Department" or "DEP") and the INDIAN RIVER COUNTY BOARD OF COUNTY COMMISIONERS, .whose address is 1801 27th Street, Vero Beach, Florida 32960, (hereinafter referred to as "Grantee" or "Recipient"), a local governmental entity, to provide financial assistance for the PC South Algal Nutrient Removal Facility. WHEREAS, the Department is the recipient of federal financial assistance from the U. S . Environmental Protection Agency (EPA) ; and, WHEREAS, the Department was awarded funding by the EPA pursuant to Grant Agreement No. C9- 99451512-0; and, WHEREAS, the Grantee has been determined to be a subrecipient of federal financial assistance from the EPA; and, WHEREAS, the Grantee is responsible for complying with the appropriate federal guidelines in performance of its activities pursuant to this Agreement. NOW, THEREFORE, in consideration of the premises and the mutual benefits to be derived herefrom, the Department and the Grantee do hereby agree as follows: 1 . The Grantee does hereby agree to perform in accordance with the terms and conditions set forth in this Agreement, Attachment A, Grant Work Plan, and all attachments and exhibits named herein which are attached hereto and incorporated by reference . For purposes of this Agreement, the terms "Contract" and "Agreement" and the terms "Grantee" and "Recipient" are used interchangeably. 2 . This Agreement shall begin upon execution by both parties and remain in effect for a period of forty-eight (48) months, inclusive . The Grantee shall be eligible for reimbursement for work performed on or after the date of execution through the expiration date of this Agreement. The Grantee may identify project expenditures made on or after August 30, 2012, for purposes of meeting its match requirement identified in paragraph 3 . This Agreement may be amended to provide for additional services if additional funding is made available by EPA and/or the Legislature. 3 . A. As consideration for the satisfactory completion of services rendered by the Grantee under the terms of this Agreement, the Department shall pay the Grantee on a cost reimbursement basis up to a maximum of $850,000 towards the total project cost of $9,622,000 . The parties hereto understand and agree that this Agreement requires a 83 .4% cost sharing or match on the part of the Grantee . Therefore, the Grantee is responsible for providing $8,022 ,000 in cash or third party in- kind, towards the work funded under this Agreement. All cost sharing/match shall meet the federal requirements established in 40 CFR Part 30, 40 CFR Part 31 and OMB Circulars A-87 (2 CFR 225)9 A422 (2 CFR 230) and A-21 (2 CFR 220), as applicable. In addition to the required match, the Grantee shall be responsible for securing the additional $750,000 necessary for the completion of this project and reporting those expenditures to the Department in the Final Report as required under Task 5 in Attachment A. DEP Agreement No. G0353 , Page 1 of 13