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INTERLOCAL AGREEMENT NORTH SEBASTIAN SEWER AND WATER MAIN THIS INTERLOCAL AGREEMENT concerning the North Sebastian Sewer and Water Main (the Agreement") is entered into on this day of , 2014 between Indian River County, a political subdivision of the State of Florida, whose address is 1801 27th Street, Vero Beach, Florida 32960 ("County"), and the City of Sebastian, a municipal corporation, whose address is 1225 Main Street, Sebastian, Florida 32958 ("City"). WITNESETH: WHEREAS, the County is the water and wastewater provider to homes and businesses within the unincorporated areas of Indian River County and inside the City of Sebastian; and WHEREAS, the County, with the City's consent, expands its water and wastewater services within the City of Sebastian in order to serve more residents and businesses within the City's limits; and WHEREAS, the County and City jointly agree that expansion of infrastructure is a form of economic development because private costs to develop infrastructure can be lowered, thereby leading to potential new business investment; and WHEREAS, in order to lower the public cost of providing economic development incentives, the County and City will partner to expand infrastructure within the City of Sebastian city limits and the unincorporated areas of Indian River County; and WHEREAS, the County is proposing a project within unincorporated Indian River County which will consist of a gravity sanitary sewer collection system to be constructed along the east side of US Highway 1 from the north property line of the Sebastian Cemetery to the vicinity of Bay Street with an estimated number of parcels and Equivalent Residential Units (ERUs) which can connect to this portion of the project is (10) and (213), respectively; and WHEREAS, a portion of the County proposed project will be within the City of Sebastian, consisting of a gravity sanitary sewer collection system to be constructed in North Central Avenue from Jackson Street, south to the vicinity of US Highway 1 and a gravity sanitary collection system constructed in Jackson Street from US Highway 1 to North Central Avenue, Madison Street from US Highway 1 to North Central Avenue, and Davis Street from US Highway 1 to North Central Avenue with an estimated number of parcels and Equivalent Residential Units (ERUs) which can connect to this portion of the project is (50) and (82), respectively; and WHEREAS, at this time the County and the City wish to enter into this interlocal agreement in order to address the cost sharing of the design of the above -referenced County proposed project and the parties acknowledge that the apportionment of costs relating to the 1 140