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ORDINANCE 96- 11 <br />representing a majority of the incorporated area population <br />within Indian River County, the proceeds of the tax hereby <br />imposed shall be divided and distributed by the State of <br />Florida Department of Revenue to Indian River County and <br />eligible municipalities in the following proportions <br />Recipient Share of Profits <br />(percent) <br />Indian River County 67.5567 <br />City of Vero Beach 19.4200 <br />City of Sebastian 9.9033 <br />City of Fellsmere 1.9567 <br />Town of Indian River Shores 1.1433 <br />City of Orchid .02 <br />is hereby amended to read as follows <br />(a) The disposition of proceeds shall be pursuant to <br />interlocal agreement with one or more of the municipalities <br />located therein, representing a majority of the population of <br />the incorporated area within the county. Said agreement <br />shall provide a distribution formula for dividing the entire <br />proceeds of the local option gas tax among the county <br />government and all eligible municipalities within the county. <br />Said formula is set forth in paragraph (b) of this section. <br />The method of distribution of the local option gas tax <br />revenues shall be reviewed and a public hearing held at least <br />every two years by the parties to the agreement. <br />SECTION 2. SEVERABILITY. <br />If any section, or any sentence, paragraph, phrase, or word of <br />this ordinance is for any reason held to be unconstitutional, <br />inoperative, or void, such holding shall not affect the remaining <br />portions of this ordinance, and it shall be construed to have been the <br />legislative intent to pass the ordinance without such unconstitutional, <br />invalid or inoperative part. <br />SECTION 3. EFFECTIVE DATE. <br />A certified copy of this ordinance, as enacted, shall be filed by <br />the Clerk with the Office ' of the Secretary of State of the State of <br />Section <br />209.04. <br />Disposition <br />of proceeds. <br />(a) The disposition of proceeds shall be pursuant to <br />interlocal agreement with one or more of the municipalities <br />located therein, representing a majority of the population of <br />the incorporated area within the county. Said agreement <br />shall provide a distribution formula for dividing the entire <br />proceeds of the local option gas tax among the county <br />government and all eligible municipalities within the county. <br />Said formula is set forth in paragraph (b) of this section. <br />The method of distribution of the local option gas tax <br />revenues shall be reviewed and a public hearing held at least <br />every two years by the parties to the agreement. <br />SECTION 2. SEVERABILITY. <br />If any section, or any sentence, paragraph, phrase, or word of <br />this ordinance is for any reason held to be unconstitutional, <br />inoperative, or void, such holding shall not affect the remaining <br />portions of this ordinance, and it shall be construed to have been the <br />legislative intent to pass the ordinance without such unconstitutional, <br />invalid or inoperative part. <br />SECTION 3. EFFECTIVE DATE. <br />A certified copy of this ordinance, as enacted, shall be filed by <br />the Clerk with the Office ' of the Secretary of State of the State of <br />