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5. The DEPARTMENT agrees to reimburse the COUNTY,for direct costs,not to exceed <br /> One Hundred Fifty Thousand Dollars($150,000.00)to represent the total <br /> designtins-dIation cost associated with the subject traffic signal and median work in two <br /> payments as follows: <br /> Payment No. 1: <br /> The DEPARTMENT shall,upon approval and issuance by the DEPARTMENT of a <br /> traffic signal permit to the County for the PROJECT,provide a deposit to the <br /> COUNTY in an amount not to exceed Seventy Five Thousand Dollars($75,000.00) <br /> which reflects 50%of the DEPARTMENT contribution towards the PROJECT. <br /> Payment No.2: <br /> The DEPARTMENT shall,upon written acceptance by Indian River County of the traffic <br /> signal installation,provide reimbursement to the COUNTY in an amount not to exceed <br /> Seventy Five Thousand Dollars(575,000.00)which reflects the remaining 50%of the <br /> DEPARTMENT contribution towards the PROJECT. <br /> 6. PROJECT costs in excess of the DEPARTMENT'S TOTAL PROJECT <br /> CONTRIBUTION shall be the sole responsibility of the COUNTY.Should the <br /> DEPARTMENT and the COUNTY decide to proceed with subsequent phases of the <br /> PROJECT,this Agreement shall be amended to identify the respective responsibilities <br /> and the financial arrangements between the parties. <br /> 4 <br />