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JOINDER TO <br />AGREEMENT AND DECLARATION OF TRUST <br />THIS JOINDER TO AGREEMENT AND DECLARATION OF TRUST is made <br />and entered into as of e„g„ar ins , 1993, by and between <br />Indian River County (the "County") and the Florida Counties <br />Investment Trust ("FCIT"). <br />wSEREAS, it furthers the public interest for the County to <br />invest any monies not immediately required to be disbursed and to <br />maximize the net earnings on such funds; and <br />WHEREAS, the FCIT is being established for the purpose of <br />establishing one or more investment funds (each referred to herein <br />as an "Investment Fund") for pooling the surplus funds of <br />participating public entities for joint investment in order to seek <br />a higher rate of return without compromising the safety of such <br />funds; and <br />AREAS, the County desires to have the Investment Funds <br />available should they be determined, at any time, to be an <br />advantageous investment for the County's surplus funds; and <br />WHEREAS, the Investment Funds are only available to public <br />entities that have become parties to the Agreement and Declaration <br />of Trust creating the Florida Counties Investment Trust, dated as <br />of November 1, 1991 (the "Trust Agreement"); <br />NOW THEREFORE, for and in consideration of the mutual <br />covenants and agreements herein -contained, the County and the FLIT <br />hereby agree as follows: <br />SECTION 1. JOINDER IN TRUST AGREEMENT. Upon execution and <br />delivery of this Joinder Agreement, the County shall become a full <br />party to the Trust Agreement, a copy of which is attached hereto <br />as Appendix A and incorporated herein by reference, pursuant to <br />Section 2.03 thereof. <br />SECTION 2. COUNTERPARTS. This Joinder Agreement may be <br />simultaneously executed in two or more counterparts, each of which <br />shall be an original and all of which shall constitute but one and <br />the same instrument. The signatures of parties appearing on one <br />or more counterparts shall bind them as fully as though all such <br />parties had signed the same counterpart. <br />IN WITNESS WHEREOF, the Florida Counties Investment Trust and <br />the Board of County Commissioners of Indian River County, Florida, <br />