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INDIAN RIVER COUNTY AMERICAN RESCUE PLAN AGREEMENT <br />THIS INDIAN RIVER COUNTY AMERICAN RESCUE PLAN AGREEMENT <br />("Agreement") is entered into as of the day of , 2023 by and between Indian <br />River County, a political subdivision of the State of Florida, whose address is 1801 27`h Street, <br />Vero Beach, Florida, 32960 ("Recipient"), and City of Fellsmere, a municipality, whose address <br />is 22 South Orange Street, Fellsmere, FL 32948 (the "Subrecipient"). <br />RECITALS <br />WHEREAS, Recipient has received funds as part of the American Rescue Plan; and <br />WHEREAS, Recipient is required to comply with the requirements set forth in the <br />attached U.S. Department of the Treasury Coronavirus Local Fiscal Recovery Fund Award Terms <br />and Conditions (the "Conditions"); and <br />WHEREAS, Recipient is proposing to provide $3,413,744 to Subrecipient to be used for <br />the Broadband expansion to rural areas project; and <br />WHEREAS, Subrecipient as part of the acceptance of this assistance agrees to comply <br />with the Conditions. <br />NOW THEREFORE, in consideration of the mutual undertakings herein and other good <br />and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties <br />agree, as follows: <br />1. Recitals. The above recitals are true and correct and are incorporated herein. <br />2. Payments. The Recipient will make a total disbursement to Subrecipient of $3,413,744 <br />within 14 days of the final execution of this Agreement. <br />3. Compliance Requirements. Subrecipient agrees to comply with the U.S. Department of <br />the Treasury Coronavirus Local Fiscal Recovery Fund Award Terms and Conditions <br />attached as Exhibit "A". In addition, Subrecipient must provide bi-annual documentation <br />of all expenses paid with grant funds showing the full award amount has been spent by or <br />before December 31, 2026 to the Recipient. The reporting schedule is as follows: <br />Expense Period <br />Report Deadline <br />Prior to June 30, 2024 <br />June 30, 2024 <br />July 1, 2024 through December 31, 2024 <br />December 31, 2024 <br />January 1, 2025 through June 30, 2025 <br />June 30, 2025 <br />July 1, 2025 through December 31, 2025 <br />December 31, 2025 <br />January 1, 2026 through June 30, 2026 <br />June 30, 2026 <br />Jul 1, 2026 through December 31, 2026 <br />December 31, 2026 <br />Page 1 of 2 <br />206 <br />