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Florida Statutes: <br />334.044(7) <br />850-035-01 <br />PAVEMENT MANAGEMENT <br />OGC — 02115 <br />Page 19 of 22 <br />EXHIBIT "B" <br />METHOD OF COMPENSATION <br />FINANCIAL PROJECT NO. 437004-1-58-01 <br />This is a cost reimbursement agreement. This exhibit forms an integral part of the Agreement <br />between the State of Florida, Department of Transportation and Indian River County referenced <br />by the above Financial Project Number. <br />Schedule of Funding: <br />Please submit four copies of invoice(s) to the following address: <br />Florida Dept. of Transportation. Program Management Div., Attn: Leos A. Kennedy, Jr. <br />3400 W. COMMERCIAL BLVD., FT. LAUDERDALE, FLORIDA 33309 <br />FY 2015 <br />TOTAL <br />I. TOTAL PROJECT COST: <br />$ <br />$ <br />Design <br />$ <br />$ <br />Right of Way <br />$ <br />$ <br />Construction & CEI <br />$ 586,068.00 <br />$ 586,068.00 <br />II. PARTICIPATION: <br />Maximum Department Participation <br />(75%) <br />or $ 292,545.00 <br />() <br />or $ 292,545.00 <br />Local Participation <br />(2_5_3/4) <br />or $ 293,523 00 <br />(2) <br />or $ 293,523.00 <br />In -Kind <br />$ <br />$ <br />Cash <br />$ <br />$ <br />Combination In-Kind/Cash <br />$ <br />$ <br />Waiver or Reduction <br />$ <br />$ <br />TOTAL PROJECT COST: <br />$ 586,068.00 <br />$ 586,068.00 <br />Please submit four copies of invoice(s) to the following address: <br />Florida Dept. of Transportation. Program Management Div., Attn: Leos A. Kennedy, Jr. <br />3400 W. COMMERCIAL BLVD., FT. LAUDERDALE, FLORIDA 33309 <br />