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3120130072839 RECORDED IN THE PUBLIC RECORDS OF JEFFREY R SMITH , CLERK OF COURT INDIAN RIVER COUNTY FL BK: 2718 PG: 795 Page 1 of 4 11 /14/2013 4 03 PM This instrument was prepared by or under the supervision of (and after recording should be returned to) : c Joseph B . Stanton, Esq . Broad and Cassel 390 N . Orange Ave . Suite 1400 (Space reserved for Clerk of Court) Orlando , Florida 32801 INTERLOCAL AGREEMENT THIS INTERLOCAL AGREEMENT ("Agreement") dated this 5thday of November, 2013 , is made by and between INDIAN RIVER COUNTY, FLORIDA (the "County") and the FLORIDA DEVELOPMENT FINANCE CORPORATION (the "FDFC") . WHEREAS, the Legislature of the State of Florida (the "Legislature") adopted the Florida Development Finance Corporation Act of 1993 (the "Act") ; and WHEREAS , the Legislature determined that it was necessary, in order to achieve the purposes of the Act, as amended, to create a special development finance authority to cooperate and act in conjunction with public agencies of Florida' s state and local governments through interlocal agreements pursuant to the Florida Interlocal Cooperation Act of 1969, as amended (the "Interlocal Act"), in the promotion and advancement of projects related to economic development throughout the State of Florida (the " State") ; and WHEREAS , the County and the FDFC wish to achieve the purposes set forth in Section 288 . 9602 , Florida Statutes; and WHEREAS, pursuant to the Act the FDFC was created, with the power to function for any purposes of the Act within the corporate limits of any public agency once it has entered into an interlocal agreement with that public agency; and WHEREAS, the County desires to enter into an interlocal agreement with the FDFC to allow the FDFC to act within the corporate limits of the County. NOW, THEREFORE, the County and the FDFC agree as follows . Section 1 . Authorization to Act The County and the FDFC agree that the FDFC will have the full right, power and authority to exercise all powers set forth in the Act within the County ' s corporate limits ; provided, however, that the Board of County Commissioners of Indian River County reserves the right to consent to each project to be financed within the jurisdictional limits of the County, and to adopt and amend policies applicable to obtaining the consent required herein. The County hereby consents to the 4814-5009-5638.3 39753/0042 RMA