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4D i 0 1. The COUNTY, with the $150,000 Harry T. and Harriett Moore Grant, together with at least $116,000 of additional CITY funds, agrees to partially restore or cause the partial restoration of the Fellsmere School consistent with the terms and provisions of said grant. 2. The CITY shall remit to the COUNTY any additional grant funds it receives in connection with the Fellsmere School project and at least an additional $116,000 of CITY funds. The COUNTY agrees to place such additional CITY funds in a restricted account to be used solely for restoration of the Fellsmere School. The amount of grants, together with other funds remitted to the COUNTY by the CITY, shall be the maximum amount of funds that the COUNTY will spend on the renovation project. The COUNTY shall not be required to contribute any funds toward the renovation project. 3. The COUNTY and the CITY shall coordinate to fulfill the purpose and objectives of the project and the grant. 4. The CITY hereby leases to the COUNTY the subject property for the purposes set forth herein for the sum of one dollar ($1.00) per year and other consideration as set forth herein. 5. After completion of the restoration project the COUNTY shall staff and administer a recreational program at the Fellsmere School, participation in which shall not be limited to City of Fellsmere residents. The nature and extent of the recreational program, including programming, scheduling, and staffing, interatia, shall be determined by the COUNTY. The COUNTY shall be responsible for maintenance and utilities, except that it shall be the CITY's responsibility and obligation to maintain the grounds of the Fellsmere School. In the event the CITY fails to maintain the grounds of the Fellsmere School to the COUNTY's satisfaction the COUNTY may undertake to maintain the grounds, and the CITY shall pay the COUNTY forthwith upon invoice the COUNTY's cost of maintaining the grounds. 6. This agreement and all subsequent amendments hereto shall be recorded in the Official Records of Indian River County, Florida, upon execution by both parties to this agreement. 7. This agreement may be amended only in writing with approval by both parties to this agreement. 8. The term of this agreement is ten years, effective on the date of its execution by the second of the two parties, and renewed automatically for successive five-year periods on the anniversary date, unless either party, by written notice dispatched via certified mail, return receipt requested, or delivered by hand delivery, to the other party, at least thirty (30) days prior to the end of the concluding contract period, elects not to renew this agreement, in which case the agreement shall not be renewed. The CITY shall not sell, convey, or encumber the subject property during the term of this or any renewal