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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />RYAN L. BUTLER, CLERK <br />INTERLOCAL AGREEMENT BETWEEN INDIAN RIVER COUNTY AND <br />THE CITY OF VERO BEACH REGARDING THE HUMISTON BEACH BOARDWALK <br />PROJECT <br />THIS INTERLOCAL AGREEMENT ("Agreement") is entered into this ZC day of <br />2025 ("Effective Date") by and between INDIAN RIVER COUNTY, a political <br />subdi sion of the State of Florida ("County") and the CITY OF VERO BEACH, a Florida <br />municipal corporation ("City"). <br />BACKGROUND RECITALS <br />A. The County and City share a common desire to reconstruct the historic Humiston <br />Beach Boardwalk ("The Boardwalk Project") to provide a recreational amenity for Indian River <br />County residents and visitors; and <br />B. The County has agreed to contribute to The Boardwalk Project and the County <br />and City would like to clarify the terms of the County's financial participation. <br />NOW, THEREFORE, in consideration of the mutual covenants and promises herein <br />contained and other good and valuable considerations, and intending to be legally bound, the <br />County and the City agree as follows: <br />1. County Financial Contribution. The County will contribute up to $400,000.00 <br />(Four Hundred Thousand Dollars) towards The Boardwalk Project with the County's <br />contribution not to be more than the City's portion of funding for the project, excluding federal <br />or state grants or appropriations received towards the project. <br />2. Description of Project. The County's financial contribution shall only be used <br />for construction costs for the boardwalk, including any ADA improvements to the boardwalk, <br />and two pavilions. <br />3. State/Federal Funding. The amount of the County contribution shall be reduced <br />proportionally by any state or federal grants or appropriations that the City receives for The <br />Boardwalk Project. The City acknowledges that it has applied for federal FEMA funding, and it <br />pledges to continue to pursue this funding in good faith and to use best practices in qualifying <br />for federal monies. The City further agrees to provide an accounting at the conclusion of The <br />Boardwalk Project and to return to the County any money it paid to the City in an amount equal <br />to any state and/or federal funds received for the Boardwalk Project. <br />4. Payment Procedures. <br />a) The County shall make progress payments to the City based on approved <br />payment requests that reimburse the City for The Boardwalk Project costs <br />incurred in the fiscal year (Oct 1 — Sept 30) that the work was completed. The <br />