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Florida Statutes: <br />334.044(7) <br />EXHIBIT "B" <br />METHOD OF COMPENSATION <br />FINANCIAL PROJECT NO. 434840-1-54-01 <br />850-035-01 <br />PAVEMENT MANAGEMENT <br />OGC — 02/15 <br />Page 17 of 20 <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 ProjecNu nr__.,R <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 />46 <br />FY 2017 <br />FY 2018 <br />TOTAL <br />I. TOTAL PROJECT <br />$ <br />$ <br />$ <br />Desi <br />$ <br />$ <br />$ <br />Right of Way <br />$ <br />$ <br />$ <br />Construction <br />$ 1,572,249.00 <br />$ 1,096,482.00 <br />$ 2,675,731.00 <br />II. PARTICIPATION: <br />Maximum Department <br />Participation <br />$ 910,316.00 <br />$1,096,482.00 <br />$2,006,798.00 <br />Local Participation <br />$ 668,933.00 <br />$ 0.00 <br />$ 668,933.00 <br />In -Kind <br />$ <br />$ <br />$ <br />Cash <br />$ <br />$ <br />$ <br />Combination In-Kind/Cash <br />$ <br />$ <br />$ <br />Waiver or Reduction <br />$ <br />$ <br />$ <br />TOTAL PROJECT COST: <br />$ 1,572,249.00 <br />$1,096,482.00 <br />$ 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 />46 <br />