CN-550000-AS624-A0010100.pdf

This document is a Master Railroad Maintenance Reimbursement Agreement between the State of Florida, Department of Transportation and Duke Energy, a Florida corporation, executed on the 30th day of June 2016. The agreement establishes terms for the installation and maintenance of active railroad grade crossing warning devices at specific railroad crossings throughout the state.

The agreement covers the maintenance of railroad traffic control devices, with the Department reimbursing Duke Energy a portion of the maintenance costs for each crossing based on a defined percentage and classification system. There are six device classes 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 contract is effective from July 1, 2016, through June 30, 2021, with a potential extension of up to three months. The Department will reimburse the Company based on quantifiable, measurable deliverables, with invoicing to occur annually after July 1st for the preceding twelve months. The agreement stipulates that the Company must maintain the devices in accordance with federal regulations and retain the ability to repair or replace devices in case of loss or damage.