6/12/1985 - Laserfiche WebLink

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r : � �-� AN � 2 1 PF: BOOK 61 E 1® 9®5 5/7/85 (23b) C.A. HOLD HARMLESS AGREEMENT BETWEEN THE CITY OF VERO BEACH AND INDIAN RIVER COUNTY RE SOUTH BEACH WATER SERVICE REFUND THIS AGREEMENT, made this 19th day of June , 1985 by and between the City of Vero Beach, a municipal corporation of the State of Florida, hereinafter referred to as the "CITY", and Indian River County, a political subdivision of the State of Florida, hereinafter referred to as the "COUNTY", WITNESSETH: w WHEREAS, on September 16, 1981 the CITY and the COUNTY entered into an agreement which is attached hereto as exhibit "A" which specified certain rights and responsibilities of the parties with respect to ultimate provision of potable water service to the south beach area in Indian River County, and WHEREAS, pursuant to paragraph 7 of that agreement if the COUNTY was unable to provide this water service to the south beach as referenced in the contract then the COUNTY was to return to the CITY all assets in existence on the k date of the agreement, certain other improvements, and "any remaining unexpended escrow funds plus accrued interest", and WHEREAS, the COUNTY is willing to return these funds to the CITY provided that the CITY hold the COUNTY harmless from any and all claims regarding these funds from those customers who advanced the funds, and WHEREAS, it is only right that the governmental agency receiving the money should accept responsibility concerning that money, NOW THEREFORE, the CITY and the COUNTY agree as follows: 1. The COUNTY shall return the unspent escrow funds plus interest held by the COUNTY pursuant to the terms of the Agreement between the CITY and the COUNTY dated September 16, 1981, less a G a A charge not to exceed 5% of the adjusted cost of the improvement, including the site work for the fire district. See attached exhibit "B". 2. In return for the return of the money referenced in paragraph 1 the CITY holds the COUNTY harmless from any and all claims regarding these funds from customers of the system who advanced the money. IN WITNESS WHEREOF, the undersigned CITY and COUNTY have executed _ this agreement on the date first above written by their respective Chairman and Mayor.