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THE FOLLOWING AGREEMENT HAVING BEEN RECEIVED IS HEREBY <br />BEING MADE A PART OF THESE MINUTES. <br />AGREEMENT <br />THIS AGREEMENT, entered into between the City, of Vero Beach, Florida, <br />a municipal corporation of the State of Florida, hereinafter'referred to as the <br />" City" and Indian River County, apolitical subdivision of the State of Florida, <br />hereinafter referred to as the "County". <br />WITNESSETH <br />WHEREAS, the City now owns, operates, supervises and.manages a water <br />system consisting. of wells, water treatment plant,. pumping and storage facilities, <br />distribution mains. service mains, meters and appurtenances; and <br />WHEREAS, the City now owns, operates, supervises and manages a <br />sanitary sewage system, consisting of sanitary sewers, sewage pumping stations.. <br />sewage force mains, sewage treatment plant, outfall line and appurtenances; and <br />WHEREAS, it is the intent and purpose of the City to expand, enlarge and <br />improve its water system and sanitary sewer system under its 1972 capital improve- <br />ment program particularly to increase the treating capacity of its water supply and <br />treatment facilities as well as the capacity and degree of treatment of its sewage <br />treatment plant, all as described in City Ordinance No. 1174 adopted by the City <br />Council on August 8, . 1972; hereinafter referred to as "Bond Ordinance' ; and <br />WHEREAS, by acceptance of $6. 600, 000, Water and Sewer System Revenue <br />Bonds, Series 1972. the City has entered into a contract with the bondholders as <br />more fully described in Official Statement dated October 2, 1972, in addition to <br />contracts contained in earlier Ordinances governing previous bond issues; and <br />WHEREAS, it is the intent and purpose of the County to construct, own. <br />operate, maintain, supervise and manage a new County water distribution and <br />sewage collection system, hereinafter called the "County's System; which system <br />is to distribute treated water and collect sewage from certain designated <br />unincorporated areas of Indian River County, including private utilities in the <br />County, and for the time period stipulated herein, to receive treated water from <br />the City and deliver raw sewage to the City's treatment plant; and <br />7 <br />