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Contract# YRL2018-01 Encumbrance# GL01. -1707 AGENCY COST -SHARE AGREEMENT BY AND ]BETWEEN THE IRL COUNCIL AND INDIAN RIVER COUNTY FOR THE WEST WABASSO PHASE II SEPTIC TO SEWER (PROJECT THIS AGREEMENT ("Agreement") is entered into between the IRL COUNCIL ("the Council'), whose address is 1235 Main Street, Sebastian, Florida 32958, and INDIAN RIVER COUNTY, whose address is 180127` Street, Vero Beach, Florida 32960 ('Recipient'). All references to the parties hereto include the parties, their officers, employees, agents, successors, and assigns. The waters of the state of Florida are among its basic resources, and the Council has been authorized by the United States Environmental Protection Agency to be the local sponsor for the Indian River Lagoon National Estuary Program. __ _Pursuant to. the_IRL._Council Interlocal Agreement,.the_.Council_is-responsible_for______ managing the Indian River Lagoon National Estuary Program. The Council has determined that providing cost -share funding to Recipient for the purposes provided for herein will benefit the management of the water resources of the Indian River Lagoon. The parties have agreed to jointly fund the following project to benefit the water resources in accordance with the funding formula further described in the Statement of Work, Attachment A (hereafter "the Project"): Project description: The objective of this project is to construct a septic to sewer project, which will reduce the nutrient discharge to the Indian River Lagoon. The estimated nutrient -load reduction benefit is 3,131 lbs./yr. of Total Nitrogen.. In consideration of the above recitals, and the funding assistance described below, Recipient agrees to perform and complete the activities provided for in the Statement of Work, Attachment A. Recipient shall complete the Project in conformity with the contract documents and all attachments and other items incorporated by reference herein. This Agreement consists of all of the following documents: (1) Agreement, (2) Attachment A- Statement of Work; and (3) all attachments, if any. The parties hereby agree to the following terms and conditions. 1. TERM; WITHDRAWAL OF OFFER (a) The term of this Agreement is from the date upon which the last party has dated and executed the same ("Effective Date") until September 30, 2019 ("Completion Date"). Recipient shall not commence the Project until any required submittals are received and approved. Recipient shall commence performance within seventy-five (75) days after the Effective Date and shall complete performance in accordance with the time for completion stated in the Statement of Work. Time is of the essence for every aspect of this Agreement, including any time extensions: Notwithstanding specific mention that Page 1