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WATER, WASTEWATER, AND RECLAIMED WATER FRANCHISE AGREEMENT BETWEEN INDIAN RIVER COUNTY AND THE CITY OF VERO BEACH This Water, Wastewater, and Reclaimed Water Franchise Agreement (hereafter "Franchise Agreement") is made and entered into this day of `nn'1L1nn,, 20 , (hereafter "Effective Date") by and between INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida (hereafter "COUNTY"), and the CITY OF VERO BEACH, FLORIDA, a municipal corporation created under the laws of the State of Florida (hereafter "CITY"). RECITALS 1. The COUNTY is a political subdivision of the State of Florida, with all powers necessary to carry on county government, as set forth generally in Article VIII, Section 1 of the Florida Constitution and Chapter 125, Florida Statutes, and specifically in Chapter 59-1380, Laws of Florida, and, consistent therewith, has the power and authority to execute and deliver this Franchise Agreement and to carry out its respective obligations hereunder. 2. The CITY is a municipal corporation duly incorporated, validly existing, and in good standing under the laws of the State of Florida, with all governmental, corporate, and proprietary powers to enable it to conduct municipal government, perform municipal functions, and render municipal services and, consistent therewith, has the power and authority to execute and deliver this Franchise Agreement and to carry out its respective obligations hereunder. 3. The CITY provided water and wastewater utility services to portions of the unincorporated areas of COUNTY, pursuant to franchises granted by COUNTY in Resolutions 87-13 (water) and 87-14 (wastewater) (collectively, the "Franchise Resolutions"), which both expired on March 4, 2017. 4. The COUNTY and the CITY entered into that "Agreement between Indian River County and the City of Vero Beach Setting Water Service Areas for Water and Sewer Service; Memorializing Certain Water and Sewer Allocations; and Repealing Prior Agreements," dated August 18, 1989 (the "Service Area Agreement"). 5. The unincorporated COUNTY areas designated to be served by CITY (hereinafter referred to as "Service Area") are set forth in Exhibit "A" of the Service Area Agreement, dated August 18, 1989, shall remain unaffected by this Franchise Agreement, and shall remain the boundary limit of this Franchise Agreement. 6. The Parties have negotiated in good faith together and have determined it to be appropriate and in the interest of the COUNTY and the CITY to enter into this Franchise Agreement. Page 1 of 9