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MEMORANDUM OF .-AGREDIENT <br />THIS AGREEMENT entered into this 7th day of <br />1971 by and between the STATE OF FLORIDA DEPARTMENT OF <br />f. <br />TRANSPORTATION, hereinafter called the "Department" and.INbIAN <br />RI.VER,.COUN,.Ty_ -through--its.- Board -of -County Commissioners, he- e_ <br />inafter referredto as "Countyu <br />W I T N E S S E T H: <br />WHEREAS, pursuant to Section 339.10 of the Florida. <br />L <br />Statutes the Department is authorized, whenever it deems it <br />advisable and in the best interests of the State because of <br />the financial inability of a county to provide the necessary <br />fttzil or _Jn-,.,order to'. an -#t �ut <br />0- surplus, Gasoline- Ta -w <br />Funds accruing to a county, to make advance.T of first Gas Tax <br />Funds to a county for the acquisition of rights-of-way for.,!* roads <br />of the State Primary Highway System therein or for the constr-uc- <br />tion of road projects of the State Primary Highway System <br />therein to be repaid out of any future accruals to the County <br />of Gasoline Tax Funds to be expended therein by the County or <br />by the Department. <br />WHEREAS, pursuant to Resolution No. 70-55 the Board of <br />County Commissioners of Indian River County has requested the <br />Department to add S-512 (Fellesmere Road) from State Road 60 to <br />a point 6.5 miles North to the Primary System so that funds <br />might -be advanced from the Primary Fund on a loan basis until <br />said amount advanced can be repaid from Secondary Funds accruing <br />to Indian River County. <br />NOW, THEREFORE, for an in consideration of the mutual - <br />covenants herein the parties agree as follows: <br />ASR 7 1971 <br />U <br />