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8 <br />k A'1 . e_. +. -� ♦ Y`n Y �rb.tl'\ <-.p` r, "` °q Ya Gm,��,e FP'7x'+1 (k �_�i .,, r <br />, „ +„�, w t rte: : d �,��' ylt 4w s �2•.Rc-tW+,l.w�r ,t� !, L r °,�,' k_ « ' <br />• <br />Upon Motion of Commissioner Bogosian,.second of Commissioner <br />-Aassey, the Board unanimously approved the following'Agreement: <br />A G R E E M E N T <br />This Agreement entered into this 19 day of August � <br />19ft 70 by and between the STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION, hereinafter <br />called "Department" and Xndian River County through its Board <br />of County Commissioners, hereinafter referred to as "County". <br />17 <br />• W I T N E SSE T <br />WHEREAS, the Department has made temporarily available a revolving <br />fund to assist counties in acquiring primary right -of -sway; and <br />' WHEREAS, there can be an immediate and long-range savings in right-of-way <br />1 <br />j; cost to the•County and the Department; and <br />WHEREAS, the Department will reserve for the County an.agreed upon <br />amount from the Primary Revolving Fund without interest or handling charges; and <br />WHEREAS, by Resolution dated the 8th day of April , <br />A. D., 19 70 , the Board of County Commissioners of Indian River County <br />were authorized and empowered to•enter into an agreement with.the Department for <br />participation in the Primary Right -of -Way Revolving Fund; ; ,, <br />NOW THEREFORE, for and in donsideration of the mutual agreement herein <br />the parties agree as follows: <br />r <br />1. The County shall submit or shall have submitted to the Department <br />a five-year plan as rdquired for the expenditure of Secondary Trust Fund•Moneys, <br />and shall submit or shall have submitted a five-year plan for County Expenditures <br />on roads and bridges as provided in Section 334.21 (5),'Florida Statutes. <br />2. Upon compliance with Paragraph 1 above, the Department will reserve <br />for Indian River County $ 50,600-00 for acquisition of <br />primary right-of-way on Project No. 88030-1502 , said right-of-way cost <br />estimated to be $ 50, 000.00 <br />l 4Q <br />�. AUG 19 1970 <br />1� , <br />