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40 <br />s. <br />�x <br />1rr+ <br />Iq_: <br />FLORIDA INLAND NAVIGATION DISTRICT <br />PROJECT AGREEMENT <br />PROJECT NO. IR -99-27 <br />This PROJECT AGREEMENT made and entered into this I 1 day of <br />NogCm6CR— , 1994 by and between the Florida Inland Navigation District <br />(hereinafter the "DISTRICT"), and Indian River County, Florida, (hereinafter the <br />"PROJECT SPONSOR"). <br />In consideration of the mutual promises and covenants contained herein, the <br />parties agree as follows: <br />1. PROJECT- Subject to the provisions of this Agreement and Rule 6613-2 of the <br />Florida Administrative Code (Exhibit "A"), the DISTRICT has determined to provide <br />assistance funding to the PROJECT SPONSOR in furtherance of an approved project <br />("PROJECT") consisting of the Public Navigation Channel Dredging proiect. Said project <br />is more specifically described in the PROJECT SPONSOR'S Waterways Assistance <br />Application, which is on file at DISTRICT headquarters. <br />Any modifications to the PROJECT shall require advance notice to and the prior <br />written approval of the DISTRICT. <br />2. TERM - The PROJECT SPONSOR sliall not commence work on the <br />PROJECT prior to the execution of this Agreement unless specifically authorized by the <br />DISTRICT Board and shall complete the PROJECT and submit all required payment <br />reimbursement information on or before September 1, 2001, unless the PROJECT <br />period has been extended with the prior written approval of the DISTRICT. In no event, <br />however, shall the PROJECT period extend beyond three (3) years from the October 1, <br />1944. The PROJECT SPONSOR acknowledges there are no provisions to carry over the <br />DISTRICT assistance funding under this Agreement beyond September 34, 2001, and <br />