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INTERLOCAL AGREEMENT (Utility Infrastructure within CRA) Page 2 of 8 WHEREAS, Indian River County is located with the Central Indian River Lagoon Basin Management Action Area; and WHEREAS, Indian River County provides water and sewer services to surrounding communities, including the City's CRA, through its Department of Utility Services; and WHEREAS, the CRA is authorized pursuant to § 163.362, Florida Statutes to identify and plan capital projects within the designated community redevelopment areas; and WHEREAS, the CRA's Community Redevelopment Plan establishes water and sewer infrastructure may require upgrades within the CRA; and WHEREAS, the City's Comprehensive Plan EDE Policy 9-1.1.3, provides incentives that will be provided to new and expanding business, more specifically, use of CRA funds to reduce the cost of water and sewer connection; and WHEREAS, the City, the CRA, and the County are working diligently to comply with the provisions of Florida Statute §373.469; and WHEREAS, the City, the CRA, and the County are committed to working together to address the aforementioned issues through joint cooperation in order to provide the greatest benefit in the shortest period of time in order to serve the public interest. NOW, THEREFORE, in consideration of the mutual undertakings and agreements herein contained and assumed, and other good and valuable consideration, the receipt and sufficiency of which are acknowledged by the parties, the County, the City and the CRA agree as follows: SECTION 1. RECITALS INCORPORATED. The above recitals are true and correct and are incorporated herein. SECTION 2. DURATION, TERMINATION, AND MODIFICATION. (a) This Agreement will remain in full force and effect until project completion, unless terminated by the Parties pursuant to the procedure set forth herein. (b) This Agreement shall be in effect from the date it is fully executed until the completion of the below terms unless otherwise terminated as outlined herein. (c) This Agreement may be terminated by the City/CRA or County, only for good cause shown, upon ninety (90) days' written notice to the other party. (d) Written notice of proposed termination shall be provided as outlined herein.