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Florida Department of Revenue to Indian River County and eligible municipalities in the following proportions: RECIPIENT SHARE OF PROCEEDS Indian River County 67.5567 8 Citv of Vero Beach 19.4200 R Citv of Sebastian 9.9033 8 City of Fellsmere 1..9567 % Town of Indian River Shores 1.1433 City of Orchid ,02 B. Each year, during the tern of the imposition of this tax, the division ar.d distribution of tax proceeds under this ordinance shall be evaluatad and recalc-ilated based u, -,on the following formula: The percentage of total revers -n allocate,] to each eligible entity equals 1/3 of the ectity's oerc=_ntaye of total equivalent lane miles of roar plus 1/3 of the entity's percentage of transportation expenditures over the previous five years plus 1/3 of the entity's total percentage of population residing it the area based upon the 1984 estimate from the Florida Pureau of Econcmic and Business Research. By August 15th of each year, the County shall provide the Florida State Department of Revenue a certiti-d coos ° the distribution Proportions established by interlocal aqr -aner` under this section. The revised ^_'istribution of tax proceeds shall become effective on September 1st of each year. C. If, during the term of the imposition of this tax, the County or any of the municipalities become ineligibile to receive a share of the local option qas tax for any reason, any funds otherwise undistributed because of ineligibility shall be distributed by the Department of Revenue to eligible governments within Indian River County in proportion to other monies disbributed pursuant to this section. D. The distribution formula established herein shall also govern the division and distribution of proceeds of the local option gas tax imposed through August 31, but not collected or otherwise available for distribution until after August 31, of the year this levy terminates. -2-