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JUN 2 6 1985 BOOK 61 PAVE _ 55 -7 Florida Department of Revenue to Indian River County and eligible municipalities in the following proportions: RECIPIENT SHARE OF PROCEEDS Indian River County 67.5567 % City of Vero Beach 19.4200 % City of Sebastian 9.9033 % City of Fellsmere 1.9567 % Town of Indian River Shores 1.1433 % City of Orchid .02 % B. Each year, during the term of the imposition of this tax, the division and distribution of tax proceeds under this ordinance shall be evaluated and recalculated based upon the following formula: The percentage of total revenue allocated to each eligible entity equals 1/3 of the entity's percentage of total equivalent lane miles of road 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 in the area based upon the 1984 estimate from the Florida Bureau of Economic and Business Research. By August 15th of each year, the County shall provide the Florida State Department of Revenue a certified copy of the distribution proportions established by interlocal agreement under this section. The revised distribution 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 gas 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- M M M