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CA '�!4N'00 8-20-80 AGREEMENT THIS AGREEMENT, made and entered into this 19th day of Auqust 1 1980, executed in duplicate (each executed copy constituting an original) by and between the CITY OF VERO BEACH, FLORIDA, hereinafter called the "City", and INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida, here- inafter called the "County". WITNESSETH: WHEREAS, the City and County have expressed their desire to unite their efforts and resources in order to form a unified fire district to provide the south county area with fire protection; and WKEREAS, both parties intend to pass a duly -enacted ordinance formally expressing their intent to participate in and form the SOUTH INDIAN RIVER COUNTY FIRE DISTRICT (hereinafter called the "District"); and WHEREAS, the parties agree that a written agreement defining their respective rights and responsibilities regarding the formation, operation and possible dissolution of the District is necessary, NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows: 1. SEPARATE & DISTINCT ENTITY. The formation of the SOUTH INDIAN RIVER COUNTY FIRE DISTRICT shall give birth to a distinct and viable legal entity. Accordingly, the District shall have the power to sue and be sued, and therefore shall avail itself of liability limits for those liabilities as provided in Chapter 95, Florida Statutes. In addition, the District shall have the power to purchase, receive, lease or otherwise acquire real and/or personal property, to make contracts and incur legal liabilities, to levy an authorized millage, borrow and expend money and issue bonds, revenue certifi- cates and other obligations of indebtedness as provided by law now and in the future, and generally to transact all lawful business and exercise all lawful powers to effect the purpose of the formation of the District. Boa 44 PAGE 424 AUG 2 71980 A