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C EIV�p OCT - 6 Y022 \GET OF Indian River County Grant Contract This Grant Contract ("Contract") entered into effective this 1st day of October 2022 by and between Indian River County, a political subdivision of the State of Florida, 1800 27th Street, Vero Beach FL, 32960 and the Treasure Coast Sports Commission P.O. Box 882172 Port St. Lucie, FL 34988 For: Promote & Advertise Tourism Background Recitals: A. The County has determined that it is in the public interest to fund the Treasure Coast Sports Commission. B. The Recipient, by submitting a proposal to the County, has applied for a grant of money $250,000 for the Grant Period 10/1/2022 — 9/30/2023 on the terms and conditions set forth herein. C. The County has agreed to provide such Grant funds to the Recipient for the Grant Period (as such term is hereinafter defined) on the terms and conditions set forth herein. NOW THEREFORE, in consideration of the mutual covenants and promises herein contained, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 1. Background Recitals: The background recitals are true and correct and form a material part of this Contract. 2. Purpose of Grant: The Grant shall be used only for the purposes set forth in the complete proposal submitted by the Recipient attached hereto as Exhibit "A" and incorporated herein by this reference (such purposes hereinafter referenced as "Grant Purposes"). 3. Term: The Recipient acknowledges and agrees that the Grant is limited to the fiscal year 2022/2023 ("Grant Period"). The Grant Period commences on October 1, 2022 and ends on September 30, 2023. 4. Grant Funds and Payment: The approved Grant for the Grant Period is 10/1/2022 — 9/30/2023 for $250,000. The County agrees to reimburse the Recipient from such Grant funds for actual documented costs incurred for Grant Purposes provided in accordance with this Contract. Reimbursement requests may be made no more frequently than monthly. Each reimbursement request shall contain the information, at a minimum, that is set forth in Exhibit "B" attached hereto and incorporated herein by this reference. All reimbursement requests are subject to audit by the County. In addition, the County may require additional documentation of expenditures, as it deems appropriate.