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INTERGOVERNMENTAL MANAGEMENT AGREEMENT NORTH SEBASTIAN CONSERVATION AREA ADDITION INDIAN RIVER COUNTY THIS INTERGOVERNMENTAL MANAGEMENT AGREEMENT ("Agreement") is made as of the ?- day of J vnr , 2008, by and between THE GOVERNING BOARD OF THE ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes, whose mailing address is P.O. Box 1429, Palatka, Florida 32178-1429 (the 'District"), and INDIAN RIVER COUNTY, a political subdivision of the State of Florida, whose mailing address is 1801 27th Street, Vero Beach, Florida 32960-3388 ("County"). WITNESSETH: WHEREAS, the District has entered into an Agreement of Purchase and Sale with the seller thereunder to acquire 134 acres of real property located in Indian River County, Florida, known as the North Sebastian Conservation Area Addition ("Property"), as depicted on Exhibit "A", attached hereto and by this reference made a part hereof, and WHEREAS, the Property is adjacent to the North Sebastian Conservation Area, as depicted on Exhibit "A;" and WHEREAS, closing under the Agreement of Purchase and Sale is contingent upon the District and the County entering into this Intergovernmental Management Agreement providing for long-term management of the Property by the County following closing. The District is acquiring the Property for the conservation and protection of the water resources, consistent with section 373.139, Florida Statutes; and WHEREAS, the District intends to deed a 33% undivided interest in the Property to the County at closing between the District and the Seller so as to provide for the long-term management of the Property by the County; and WHEREAS, the District and the County desire that the County manage the Property for recreation and conservation, consistent with sections 373.1391 and 373.1401, Florida Statutes; and WHEREAS, the County possesses the personnel, ability, interest, and willingness to manage the Property under the multiple -use concept, based on sound ecological principles; and WHEREAS, the parties recognize the value of close cooperation and mutual support in providing for public use and enjoyment of the Property. NOW, THEREFORE, in consideration of the aforesaid premises, which are hereby made a part of this Agreement, and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree as follows: Page 1 of 9 North Sebastian Conservation Area Addition Management Agreement Draft