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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Michael Zito, Interim County Administrator THROUGH: Richard B. Szpyrka, P.E., Public Works Director FROM: Eric Charest, Natural Resources Manager SUBJECT: FDEP Grant Agreement 221R1 (Wabasso Beach Restoration Project Sector 3 Construction and Year 1 Monitoring) DATE: February 10, 2023 DESCRIPTION AND CONDITIONS The Florida Department of Environmental Protection (FDEP) received FY 2021/2022 funding to assist eligible governmental entities for beach erosion control activities under the Florida Beach Management Funding Assistance Program. The FDEP has allocated $7,322,869.00 under Local Government Funding Request Grant 221R1 as a cost share for construction and year 1 post construction related monitoring expenses for Indian River County's Sector 3 Beach and Dune Restoration Project which completed construction in March of 2022 and requires post - construction monitoring to take place over the next several years. The attached agreement commits up to $7,322,869.00 in cost -share funding from FDEP to the County's local cost share of up to $7,322,869.00 and an estimated Federal funding allocation of up to $9,750,112.00 (Federal Emergency Management Act (FEMA) and Department of Emergency Management (DEM)), totaling up to $24,395,850.00 for construction and construction related monitoring expenses for the County's Sector 3 Beach and Dune Restoration Project. Cost -share is outlined in the below table. The agreement identifies Indian River County as the Local Sponsor, Natural Resources Manager, Eric Charest, as the project manager, and has an expiration date of June 30, 2025. Eligible DEP Cost FEMA and DEM Task # Project Task Share Cost Share DEP Cost Share Local Cost Share Total 1 Construction 50% $9,750,112.00 $7,124,944.00 $7,124,944.00 $24,000,000.00 2 Monitoring 50% 0.00 $197,925.00 $197,925.00 $395,850.00 Total $ 9,750,112.00 $7,322,869.00 $7,322,869.00 $24,395,850.00