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BOAT CLUB ISLAND (SPOIL ISLAND IR -25) AGREEMENT FOR IMPROVEMENT AND MAINTENANCE OF BOAT CLUB ISLAND THIS AGREEMENT is entered into this llth day of June 2013, byand between Indian River County, a political subdivision of the State of Florida, 1801 27h treet, Vero Beach, FL 32960 ("County") and Grand Harbor Community Association, Inc., a Florida non-profit corporation, 4755 South Harbor Drive, Vero Beach, FL 32967 ("Association"). WHEREAS, on or about March 29, 2010, the County entered into a Sovereignty Submerged Lands Lease ("State Lease") with the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida, for use of the southern portion of Spoil Island IR -25, known locally as "Boat Club Island" ("South 1R-25"), a copy of which is attached hereto as Exhibit A; and WHEREAS, the Association has offered to enter into an arrangement with the County in which the County and the Association will share the cost of certain improvements on South IR - 25, and the Association will provide volunteer services to clean-up and maintain South IR -25, all as set forth more fully herein; and WHEREAS, the County desires to accept the Association's offer, recognizing that the arrangement will result in a public — private cooperative effort which will benefit, and provide increased recreational opportunities for, the residents of and visitors to Indian River County, NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 1 • RECITALS. The above recitals are true and correct, and are incorporated herein. 2. DOCKS. The parties shall confer and develop a plan to repair the southernmost dock on South IR 25 to a condition which is suitable for public use, and to remove the remaining two docks which are currently in a state of disrepair. Upon development pment of a mutually acceptable plan, and receipt of a mutuals Cour shall y acceptable proposal for construction services, the ty(a) apply for a grant from the Florida inland Navigation District ("FIND"), which grant amount is estimated to be in the amount of $7,500, and (b) apply for any permits (other than a building permit) which may be necessary to implement the plan. Upon receipt of the FIND grant and required permits, the County shall enter into an agreement for construction services with ,a qualified contractor. The cost of the construction services shall be paid first with the FIND grant funds, and the remaining balance shall be paid 50% by the County and 50% by the Association. °H+rrf+rn _aruaw Arsonatelec Page 1 of 3 48