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850-035-01 <br /> Florida Statutes: PAVEMENT MANAGEMENT <br /> 334.0440 OGC—02/15 <br /> Page 18 of 21 <br /> EXHIBIT "B" <br /> METHOD OF COMPENSATION <br /> FINANCIAL PROJECT NO. 433066-1-58-01 <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 <br /> referenced by the above Financial Project Number. <br /> Schedule of Funding: <br /> FY 2015 TOTAL <br /> I. TOTAL PROJECT COST: $ $ <br /> Design $ $ <br /> Right of Way $ $ <br /> Construction&CEI $912,856.00 $ 912,856.00 <br /> II. PARTICIPATION: <br /> Maximum Department Participation (75%) (75%) <br /> or $684,642.00 or$684,642.00 <br /> Local Participation (25%) (25%) <br /> or $228,214.00 or $228,214.00 <br /> In-Kind $ $ <br /> Cash $ $ <br /> Combination In-Kind/Cash $ $ <br /> Waiver or Reduction $ $ <br /> TOTAL PROJECT COST: $912,856.00 $912,856.00 <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 /> 117 <br />