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x . 1 h ' . DEP AGREEMENT No : 07IR2 FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION BUREAU OF BEACHES AND COASTAL SYSTEMS BEACH MANAGEMENT FUNDING ASSISTANCE PROGRAM STATE OF FLORIDA GRANT AGREEMENT FOR WABASSO BEACH RESTORATION THIS AGREEMENT entered into between the FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION (hereinafter referred to as the "DEPARTMENT") whose address is 3900 Commonwealth Boulevard, Tallahassee, Florida 32399-3000 and INDIAN RIVER COUNTY, whose address is 1840 25`h Street, Vero Beach, Florida, 32960, a local government, (hereinafter referred to as the "LOCAL SPONSOR"), for the project described herein. WHEREAS, the DEPARTMENT, pursuant to Section 161 .091 - Section 161 . 161 , Florida Statutes, provides financial assistance to eligible governmental entities for beach erosion control activities under the Florida Beach Management Funding Assistance Program; and, WHEREAS, the LOCAL SPONSOR has the capabilities of performing the tasks associated with, and has demonstrated a financial commitment to, the beach erosion control project as described herein. NOW, THEREFORE, in consideration of the mutual benefits to be derived herefrom, the DEPARTMENT and the LOCAL SPONSOR do hereby agree as follows: 1 . The DEPARTMENT does hereby retain the LOCAL SPONSOR to implement the beach erosion control project known as the WABASSO BEACH RESTORATION, (hereafter referred to as the PROJECT) , as defined in Attachment A (Project Work Plan), attached hereto and incorporated herein by reference, and the LOCAL SPONSOR does hereby agree to perform such services as are necessary to implement the PROJECT in accordance with the terms and conditions set forth in this Agreement, and all attachments and exhibits named herein which are attached hereto and incorporated by reference. For purposes of this Agreement, the terms "Contract" and "Agreement" are used interchangeably, and the terms "Grantee", "Recipient" and "Local Sponsor" are used interchangeably. 2 . This Agreement shall begin on the last date executed and end December 31 , 2010. Pursuant to Section 161 . 101 ( 18), Florida Statutes, work conducted on this project by the LOCAL SPONSOR or its subcontractor beginning on or after December 1 , 2007, shall be eligible for cost sharing by the DEPARTMENT. 3 . The LOCAL SPONSOR shall perform the services in a proper and satisfactory manner as determined by the DEPARTMENT. Any and all equipment, products or materials necessary to perform these services, or requirements as further stated herein, shall be supplied by the LOCAL SPONSOR. 4 . The State of Florida's performance and obligation to pay under this Agreement is contingent upon an annual appropriation by the Legislature and subject to the release of funds appropriated to the DEPARTMENT. REMAINDER OF PAGE INTENTIONALLY LEFT BLANK DEP Agreement No . 071R2, Page 1 of 8