CN-550000-AS594-A0010200.pdf

This document is a Master Railroad Maintenance Reimbursement Agreement between the State of Florida, Department of Transportation and Florida Central Railroad Company Inc., entered into on June 30, 2016. The agreement governs the reimbursement for maintenance of shared maintenance of traffic control devices at railroad grade crossings throughout Florida, with specific provisions for installation, maintenance, and replacement of these devices.

The agreement covers maintenance of traffic control devices at various railroad crossings, with the Department reimbursing the Company a portion of maintenance costs based on a defined percentage and crossing class. The contract specifies six classes of crossings, ranging from 2-Quadrant Flashing Lights with One Track (Class I at $2,386 annually) to 3 or 4-Quadrant Flashing Lights and Gates with Multiple Tracks (Class VI at $8,930 annually). The agreement is effective from July 1, 2016, through June 30, 2021, with potential extension up to three months. Invoicing will occur annually, with the Company required to provide detailed documentation of maintenance activities and the Department sharing costs according to the predefined schedule in Exhibit A.