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THIS AGREEMENT entered into the 17th day of <br />Januar , 1989, by and between the Indian "}dyer County <br />Boars-o7-Mounty Commissioners, by and through their advisory <br />Tourist Development Council (hereinafter referred to as <br />"Council") and the Vero Beach -Indian River County Chamber of <br />Commerce, through its Tourist Council (hereinafter referred <br />to as "Chamber"). <br />W I T N E S S E T H: <br />WHEREAS, on March 10, 1987 the voters of Indian <br />River County approved a Tourist Development Tax and the <br />creation of two taxing districts within 'which the Tourist <br />Development Tax is imposed; and <br />WHEREAS, a Tourist Development Plan for each <br />district with regard to specific revenues and expenditures <br />has been established for the first 24 months following the <br />levy of the Tourist Development Tax; and <br />WHEREAS, the approved Plan provides for $30,000.00 <br />worth of tourist tax revenues to be provided to the Chamber <br />of Commerce for tourist information services out of District <br />1 revenues; and <br />WHEREAS, the Council and the Chamber wish to <br />formalize their relationship by contract; and <br />WHEREAS, Council is authorized by Indian River <br />County Ordinance Section 21-253(a)(3) and by Florida Statute <br />125.0104(5)(a)3 to fund convention bureaus, tourist bureaus, <br />tourist information centers and news bureaus by contract <br />with the chambers of commerce in the county; <br />NOW, THEREFORE, in consideration of the mutual <br />covenants and promises herein contained, the parties agree <br />as follows: <br />1. The Chamber is hereby designated as the <br />official Tourist Bureau of Indian River County. <br />2. Tourist Tax revenues in the amount of <br />$7,500.00 have been disbursed to the Chamber by the City of <br />Vero Beach from the District 1 Tourist Development Tax <br />revenues. <br />3. Tourist Development Tax revenues in the amount <br />of $22,500.00, which sum represents :the undistributed <br />balance of revenues planned for distribution to the Chamber <br />of Commerce under the Tourist Development Plan adopted March <br />10, 1987 shall be distributed directly to the Chamber from <br />District 1 tax revenue funds by Council for the balance 'of <br />the 2 -year Tourist Development Plan period, i.e., the period <br />until April 1, 1989. <br />4. Council agrees that the revenues distributed <br />to Chamber may be utilized for the following listed <br />programs: <br />a. Citrus advertising program for toll <br />free number, to the extent and <br />proportion that inquiries received <br />