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Florida Statutes: 850-035-01 <br /> 334.044(7) PAVEMENT MANAGEMENT <br /> OGC-02/15 <br /> Page 17 of 20 <br /> EXHIBIT "B" <br /> METHOD OF COMPENSATION <br /> FINANCIAL PROJECT NO. 434840-1-54-01 <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 2017 FY 2018 TOTAL <br /> I. TOTAL PROJECT $ $ $ <br /> Design $ $ $ <br /> Right of Way $ $ $ <br /> Construction $ 1,572,249.00 $ 1,096,482.00 $2,675,731.00 <br /> II. PARTICIPATION: <br /> Maximum Department <br /> Participation $910,316.00 $ 1,096,482.00 $2,006,798.00 <br /> Local Participation <br /> $668,933.00 $0.00 $668,933.00 <br /> In-Kind $ $ $ <br /> Cash $ $ $ <br /> Combination In-Kind/Cash $ $ $ <br /> Waiver or Reduction $ $ $ <br /> TOTAL PROJECT COST: $ 1,572,249.00 $1,096,482.00 $ 2,675,731.00 <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 />