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• <br /> Indian River County Grant Contract <br /> . This Grant Contract ("Contract") entered into effective this 1st day of October 2017 by and between <br /> Indian River County, a political subdivision of the State of Florida, 1800 27th Street, Vero Beach FL, <br /> 32960 and the Treasure Coast Sports CommissionC E/ <br /> P.O. Box 882172 Q"r SFO <br /> Port St. Lucie, FL 34988 <br /> OCT.202017 <br /> For: TCSC Sports Marketing 8� <br /> Background Recitals O 00 <br /> A. The County has determined that it is in the public interest to fund the Treasure Coast Sports <br /> Commission. <br /> B. The Recipient, by submitting a proposal to the County, has applied for a grant of money <br /> $188,000 for the Grant Period 10/1/2017 — 9/30/2018 on the terms and conditions set forth <br /> herein. <br /> C. The County has agreed to provide such Grant funds to the Recipient for the Grant Period (as <br /> such term is hereinafter defined) on the terms and conditions set forth herein. <br /> NOW THEREFORE, in consideration of the mutual covenants and promises herein contained, and <br /> other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, <br /> the'parties agree as follows: <br /> 1. Background Recitals The background recitals are true and correct and form a material <br /> part of this Contract. <br /> 2. Purpose of Grant The Grant shall be used only for the purposes set forth in the <br /> complete proposal submitted by the Recipient attached hereto as Exhibit "A" and <br /> incorporated herein by this reference (such purposes hereinafter referenced as "Grant <br /> Purposes"). <br /> 3. Term The Recipient acknowledges and agrees that the Grant is limited to the fiscal <br /> year 2017/18 ("Grant Period"). The Grant Period commences on October 1, 2017 and <br /> ends on September 30, 2018. <br /> • <br /> 4. Grant Funds and Payment The approved Grant for the Grant Period is 10/1/2017 — <br /> 9/30/2018 for $188,000. The County agrees to reimburse the Recipient from such <br /> Grant funds for actual documented costs incurred for Grant Purposes provided in <br /> accordance with this Contract. Reimbursement requests may be made no more <br /> frequently than monthly. Each reimbursement request shall contain the information, at <br /> a minimum, that is set forth in Exhibit "B" attached hereto and incorporated herein by <br /> this reference. All reimbursement requests are subject to audit by the County. In <br /> addition, the County may require additional documentation of expenditures, as it <br /> deems appropriate. <br /> 5. Additional Obligations of Recipient. <br /> 5.1 Records. The Recipient shall maintain adequate internal controls in order to <br /> safeguard the Grant. In addition, the Recipient shall maintain adequate records fully <br /> - EXHIBIT B <br />