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RESOLUTION NO. B9E-49 A RESOLUTION OF THE CITY OF SEBASTIAN, INDIAN RIVER COUN'T'Y, FLORIDA, AUTHORIZING THE MAYOR TO EXECUTE AND E THE CITY CLERIC TO ATTEST, ON BEHALF OF THE CITY, AN INTERLOCAL AGREEMENT BETWEEN INDIAN RIVER COUNTY AND C" THE CITY OF SEBASTIAN FOR THE PURPOSE OF PROVIDING FOR THE DIVISION AND DISTRIBUTION OF THE PROCEEDS OF THE LOCAL OPTION GAS TAX; PROVIDING FOR REPEAL OF RESOLUTIONS OR PARTS OF RESOLUTIONS IN CONFLICT HE, PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Florida Statutes 336.025 grants authority to Indian River County to levy a local option gas tax upon every gallon of motor fuel and special fuel sold in Indian River County and taxed under the provisions of Chapter 206, Florida Statutes; and WHEREAS, Indian River County, pursuant to its authority to levy the local option gas tax, may establish by interlocal agreement with one or more municipalities within its boundaries, a distribution formula for dividing proceeds of the local option gas tax among the County government and all eligible municipalities; and WHEREAS, the City of Sebastian is eligible to receive a portion of the local option gas tax; and WHEREAS, Indian River County has proposed a formula for distribution and submitted an Interlocal Agreement to the City of Sebastian for consideration; and WHEREAS, the City Council deems it in the best interest of the citizens of Sebastian to enter C) into the Interlocal Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY �. OF SEBASTIAN, INDIAN RIVER COUNTY, FLORIDA, that: <-n Stctio AGREEMENT. The Mayor of the City of Sebastian, Indian River ww.. tri County, Florida, is hereby authorized to sign, and the City Clerk to attest, on behalf of the City of 4= Sebastian, the Interlocal Agreement between Indian River County and the City of Sebastian attached hereto as Exhibit "A".