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JOINT ACQUISITION AGREEMENT The purpose of this agreement is to provide for joint acquisition of certain properties bordering on the Indian River estuary south of the City of Vero Beach, by the St. John's River Water Management District (the "District") and Indian River County (the "County"). This agreement is intended to informally delle how the District and the County will proceed in preparing to negotiate, negotiating and closing on these tracts. Other details of these acquisitions will be the subject of continuing discussion and agreement between the staffs of the District and the County. Parties. The parties to this agreement are the District and the County. Properties/ ellollity. The properties covered by this agreement are those listed on Exhibit A. attached. The Lowenstein, Salama, Emerson, and Indian River Farms tracts are all on the approved Five Year Plan of the District, and on the County's approved acquisition list, and are therefore immediately eligible for acquisition under the process set forth in this agreement. The remaining tracts will be considered for acquisition eligibility in accordance with the "Additional Acquisition Planning" paragraph below. Additional Acquisition Planning. The Vista Properties tract, the Round Island tract, and the Indian River South tracts listed on Exhibit B. attached, will be the subject of additional acquisition planning by the District and the County. The District will consider any of these tracts, or portions of them, which are not now included in the District's Five Year Plan, for inclusion in the 1995 Five Year Plan. The County will consider the Vista Properties tract for inclusion in Its list of properties approved for acquisition. As these tracts are added to both party's approved lists, they will be automatically included for joint processing and acquisition under this agreement. Acquisition Processing/ costs. The District will obtain and pay for all products and services needed for each property pre-acquisition and closing, including appraisals, reviews, timber cruises, title information, appraisal mapping, surveys, title insurance, environmental site assessments and similar items. The parties will negotiate with landowners to pay for some of these items when they deem it appropriate. The County will reimburse the District for 50 % of all documented costs pertaining to each joint acquisition, in response to a written request for reimbursement received from the District documenting the paid items to the reasonable satisfaction of the County. This process may be