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a SECTION 3. This agreement is for technical assistance and recommendations and all rights to accept, reject or modify any portion of recommended plan elements is reserved t the. Local Public Agencies, and to the governing boards of the several jurisdictions. SECTION 4. This agreement shall be terminated on131 December, 1979, unless the parties shall extend it by mutual agreement. SECTION S. Funds for accomplishment of the purposes outlined herein shall be obtained from contracts between the several jurisdictions and the State of Florida, Department of Community Affairs. Amounts shall be fixed as follows: (a) Indian River County $16,000.00 (b) City of Sebastian 4,217.00 (c) City of Fellsmere 3,944.00 Seventy-five percent (75%) of said funds shall be depo ited with Indian River County within thirty (30) days after execution of contracts between several jurisdictions and the State of Florida, Department of Community Affairs. Fifteen percent (15%) of said funds shall be deposited with Indian River County prior to 1 March, 1979. Ten percent.(10%) of said funds shall be deposited with Indian River County prior to the date of terination of this agreement. The Director of the Indian River County Planning & Zoning Department shall be authorized to apply directly to the State for said funds upon completion of required activities. SECTION 6. The Indian River County Finance.Department shall establish a separate account for all funds received under this -agreement and shall maintain records of all disbursements as required by the contracts between the several jurisdictions and the State of Florida, Department of Community Affairs.) SECTION 7. All disbursements under this agreement shall be approved by the Director of the Indian River County Planning & Zoning Department. OCT 41978 '-W MOK 36 PAGE 401 ` - 2 - '-W MOK 36 PAGE 401