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M Recipient Indian River County City of Vero Beach _ City of Sebastian City of Fellsmere Town of Indian River Shores City of Orchid is hereby amended to read as follows: ORDINANCE 96- 11 Share of Profits (percent) 67.5567 19.4200 9.9033 1.9567 1.1433 .02 Section 209.04. Disposition of proceeds. (a) The disposition of proceeds shall be pursuant to interlocal agreement with one or more of the municipalities located therein, representing a majority of the population of the incorporated area within the county. Said agreement shall provide a distribution formula for dividing the entire proceeds of the local option gas tax among the county government and all eligible municipalities within the county. Said formula is set forth in paragraph (b) of this section. The method of distribution of the local option gas tax revenues shall be reviewed and a public hearing held at least every two years by the parties to the agreement. SECTION 2. SEVERABILITY. If any section, or any sentence, paragraph, phrase, or word of this ordinance is for any reason held to be unconstitutional, inoperative, or void, such holding shall not affect the remaining portions of this ordinance, and it shall be construed to have been the legislative intent to pass the ordinance without such unconstitutional, invalid or - inoperative part. SECTION 3. EFFECTIVE DATE. A certified copy of this ordinance, as enacted, shall be filed by the Clerk with the Office of the Secretary of State of the State of Florida within ten days after enactment, and this ordinance shall take - - effect on September 1, 1996. Approved and adopted by the Board of County Commissioners of Indian River County, Florida, on this 23 day of Apri 1 , 1996. This ordinance was advertised in the Vero Beach Press -Journal on the 6-- day of Apri 1 1996, for a public hearing to be held on the 23 day of April , 7996; at which time it was moved for 21 April 23, 1996 BooK 97 F:A r.875