CN-550000-AS619.pdf

This document is a Master Railroad Maintenance Reimbursement Agreement between the State of Florida, Department of Transportation (the "Department") and Avatar Properties Inc. d/b/a AV Homes Inc. (the "Company"), executed on June 30, 2016. The agreement establishes terms for railroad maintenance and reimbursement for shared traffic control devices at specific railroad crossings, with both parties located in the state of Florida.

The agreement covers maintenance and reimbursement for traffic control devices at railroad crossings, with the Department agreeing to reimburse the Company a portion of maintenance costs based on each crossing's classification. The contract defines six classes of crossings with different annual costs ranging from $2,386 for 2-Quadrant Flashing Lights with One Track (Class II) to $8,930 for 3 or 4-Quadrant Flashing Lights and Gates with Multiple Tracks (Class VI). The initial term runs from July 1, 2016 through June 30, 2021, with potential for extensions up to three months. The Company is responsible for maintaining devices in accordance with federal regulations, and the Department will reimburse costs according to the percentages specified in Exhibit A, with invoicing to occur annually and subject to specific documentation and certification requirements.