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-/koso' <br /> Contract #SI341 AA 7 <br /> COST SHARE AGREEMENT <br /> 4. BETWEEN THE ST. JOHNS RIVER WATER MANAGEMENT DISTRICT <br /> AND <br /> INDIAN RIVER COUNTY <br /> PURSUANT TO DISTRICT ' S <br /> ALTERNATIVE WATER SUPPLY CONSTRUCTION <br /> COST SHARING PROGRAM <br /> Contract #SI341AA <br /> RECIPIENT : Thomas S . Lowther, Chairman <br /> Indian River County <br /> 1840 25 `h Street <br /> Vero Beach, Florida 32960 <br /> RECIPIENT ADMINISTRATOR: Michael Hotchkiss, P. E . , Capital Projects Manager <br /> DISTRICT CONTRIBUTION : $50,000 <br /> RECIPIENT CONTRIBUTION : $23687 ,575 <br /> COMPLETION DATE : 36 months from effective date of Agreement <br /> For good and valuable consideration, receipt of which is hereby acknowledged , the parties hereto agree as <br /> follows : <br /> 1 . Purpose of Agreement. This cost share agreement is authorized by the St. Johns River Water <br /> Management District ("the District") from funding designated for identification and u e of alternative <br /> water supplies, including reclaimed water, pursuant to the Alternative Water Supply Construction <br /> Cost Sharing Program ("the Program") , which implements section 373 . 1961 (2) , Fla. Stat. <br /> 2 . Execution of Agreement . This cost share agreement shall constitute an offer until authorized , signed <br /> and returned to the District by Recipient . Failure to do within sixty (60) days of receipt shall result in <br /> a retraction of this offer by the District . <br /> 3 . Term of Agreement. This Agreement shall extend from the Effective Date to the date that work <br /> hereunder is required to be completed (36 months from effective date of Agreement) . The Effective <br /> Date of this Agreement shall be the date upon which the last party to this Agreement has dated <br /> and executed the same . Recipient shall not be eligible for reimbursement foray work that is <br /> commenced, or costs that are incurred, prior to the Effective Date . <br /> 4 . Scope of Project. Recipient shall commence work funded hereunder ("the Work' ) within fifteen <br /> ( 15) days after receipt of the fully executed Agreement from the District, and shall prosecute the <br /> Work diligently and complete the Work in accordance with Exhibit "A" (attached ) , "Statement of <br /> Work," and Exhibit `B" (attached) "Alternative Water Supply Constructior Cost Sharing <br /> Application " and the Work shall be completed within the time frames specified above unless <br /> extended in writing by the District . <br /> Page 1 of 8 <br />