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Florida Statutes: 650-035-01 <br /> 334.044(7) PAVEMENT MANAGEMENT <br /> OGC—02/15 <br /> Page 18 of 21 <br /> EXHIBIT "B" <br /> METHOD OF COMPENSATION <br /> FINANCIAL PROJECT NO. 431160-1-54-01 <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 /> FY 2016 FY 2017 TOTAL <br /> I. TOTAL PROJECT $ $ $ <br /> Desi $ $ $ <br /> Right of Way $ $ $ <br /> Construction $ 2,383,002.00 $ 822,683.00 $ 35205,685.00 <br /> II. PARTICIPATION: <br /> Maximum Department <br /> Participation $ 1,581,581.00 $ 822,683.00 $ 2,404264.00 <br /> Local Participation <br /> $ 801,421.00 $ 0.00 $ 801241.00 <br /> In-Kind $ $ $ <br /> Cash $ $ $ <br /> Combination In-Kind/Cash $ $ $ <br /> Waiver or Reduction $ $ $ <br /> TOTAL PROJECT COST: $ 2,383,002.00 $ 822,683.00 $ 3,205,685.00 <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 /> 91 <br />