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• <br />►ATER, WASTEWATER, AND REUSE WATER FRANCHISE AGREEMENT <br />BETWEEN <br />THE TOWN OF INDIAN RIVER:SHORES, FLORIDA <br />AND • <br />THE CITY OF VERO:BEACH, FLORIDA . <br />THIS WATER, WASTEWATER', AND..: REUSE : WATER:.. FRANCHISE <br />AGREEMENT. (hereinafter "Franchise Agreement) is entered into�as. of the let day of <br />October;..2012, . (hereinafter 'Effective Date") by and :between _the Town- of. Indian River <br />Shores Florida .(hereinafter. °INDIAN RIVER :SHORES'):and ti:e C'tyliof Vero Beach, <br />Flonda'(hereinafter."VERO BEACH") <br />• <br />.14 <br />.WHEREAS, .INDIAN • RIVER SHORES t..and:. VERO:,:; BEACHi:;are .municipal <br />corporations: duly incorporated, validly eXisting :and; iri. good standing::under the.iaws of <br />thelState :of Florida, 48kittl. all governmental, corporate, and proprietary:powersao enable <br />:them' to condu• <br />ctmunicipal government, perform.jnynicipal.:°functions,: and render <br />municpal services and; consistent therewith each _has .:the 'power.:: and authority.. to <br />I:' <br />execute and.deliver this Franchise Agreement.and to carryout its::respective. obligations <br />hereun'der;. and . <br />WHEREAS,:pursuant.to such municipal. powers: VERO.;BEACH is -in -the business <br />of;furnishing:water,. wastewater, and, reuse:Water:utility,;; services:and=any°.cornponent of <br />such :services within and without the corporate lirriits`of VERO BEACH;:and' <br />WHEREAS, VERO BEACH provides water -and:wastewater:utilty cervices within <br />the:: corporate: limits of INDIAN RIVER SHORES pursuarit:to:franchises-granted by <br />IN IAN .RIVER SHORES in those certain franchise:resolutions numbered 412 and 413 <br />dated October 30 1986; and a <br />• <br />i _ WHEREAS, in . addition to such services, .VERO BEACH ;provides reuse water <br />utilitji1servicewithinthe INDIAN RIVER SHORES comri unity;`and <br />i WHEREAS, pursuant to said franchise resolutions the.:1ranchises are set to <br />expire in October 2016; and <br />WHEREAS, in anticipation -of the expirationof-those franchises,. INDIAN RIVER <br />SHORES and VERO BEACH have negotiated in:: good . faith_: together and have <br />determined it to be appropriate and in the best interest:Of;their;respective'municipaiities <br />to enter into a new franchise agreement together'for .water, .wastewater and reuse <br />water%utility service:within the corporate limits of INDIAN RIVER SHORES; and <br />WHEREAS, this Franch'se Agreement has been duly authorized by all action <br />required to :be taken respectively by each party has been duly executed and delivered. <br />Page 1 of 9 <br />• <br />93 <br />