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9 i • 0 G INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida, hereinafter re- ferred to as the "County", WITNESSETH: WHEREAS, the County has agreed to acquire the necessary rights of way for that certain State Road, or portion of State Road, in said County, designated as Section $$01-150, State Road 5, extending from the South City Limits of the City of Vero Beach, Florida, to the South County Line of the County of Indian River, Florida; and, WHEREAS, the County is financially unable at this time to provide all the nec- essary funds to acquire said rights of way and other expenses of surrendering said title to said rights of way and has requested the Department to advance available State Road Funds in an amount necessary for such acquisition, but not to exceed Thirty Thousand Dollars ($30,000.00); and, WHEREAS, the Department deems it advisable and to the best interests of the State to advance State Road funds for the acquisition of the rights of way of the aforesaid road; Now, therefore, The premises considered and in consideration of the sum of One Dollar ($1.00) moving between the parties, receipt whereof is hereby acknowledged, it is agreed by the parties hereto as follows: 1. The Department hereby.agrees to advance to the County from available State Road funds, such sum or sums as may be necessary, but not to exceed Thirty Thousand Dollars ($30,000.00) for the acquisition of the right of way for the road hereinabove designated and other expenses of surrendering title to.said rights of way, all monies so advanced to be repaid° to the Department in full by the Department's reimbursing itself therefor out of funds re - witted to the Department for expenditure within the County, under the provisions of Section 16, Article IX, of the Constitution of the State of Florida, Chapter 26,321, Laws of Florida, Acts of the Extraordinary Session of 1949, or any similar law, as and when such funds are remitted to the Department from time to time. 2. The County agrees that if acquisition of said rights of way shall be conducted under the supervision of and subject to the.. approval of the Department's Right of Way Division. The Department. shall make payment out of said advanced State Road. funds directly to the proper persons for Right of Way parcels or interests therein, purchased or condemned, including attorneyts fees and Court costs and all other costs and expenses necessary in connection with the purchase or condemnation of said rights of way, said payments to be made upon vouchers duly audited and approved by the State Comptroller and by State Warrants issued in payment thereof, drawn by the Comptroller and countersigned by the Governor. 3• The County, by and through its Board of County Commissioners, hereby covenants and agrees that all funds accruing to the Department for expenditure in Indian River.County under the provisions of said laws shall be used by the Department to reimburse itself in full for all monies advanced under the provisions of this Agreement and until all monies so advan- ced are repaid in full, such funds shall be and remain pledged and are hereby pledged to the ,,repayment thereof. STATE ROAD DEPARTMENT OF FLORIDA By Chairman Attest: Secretary Attest: /s/ Douglas Baker Clerk INDIAN RIVER COUNTY AND BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY By .1sl W. C. Graves, Jr. Chairman (SEAL)