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• • / • • EXHIBIT B STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION TRAFFIC SIGNAL MAINTENANCE AND COMPENSATION AGREEMENT TRAFFIC SIGNAL MAINTENANCE AND COMPENSATION AGREEMENT 750-010-22 TRAFFIC OPERATIONS 4/14 Page 6 of 6 1.0 PURPOSE This exhibit defines the method and limits of compensation to be made to the Maintaining Agency for the services described in this Agreement and in Exhibit A and Method by which payments will be made. 2.0 COMPENSATION For the satisfactory completion of all services detailed in this Agreement and Exhibit A of this Agreement, the Department will pay the Maintaining Agency the Total Lump Sum in Exhibit A The Maintaining Agency will receive one lump sum payment at the end of each fiscal year for satisfactory completion of service. Total Lump Sum Amount for each fiscal year is calculated by adding all of the individual intersection amounts. The individual intersection amounts are calculated by taking the FY Unit Rate times the percent of State Road Approaches to Total Approaches. Intersection Control Beacons are paid at 25% of the Unit Rate for full traffic signal. Pedestrian Flashing Beacon: includes school zone beacons, pedestrian crossing beacons and rectangular rapid flashing beacons (RRFB) School zones, crosswalks and warning sign locations shall be paid at a unit rate regardless of the number of individual beacons. Example 1: For a traffic signal intersection with 4 approaches with 2 approaches (50%) being state roads the intersection amount for FY 10-11 will be: $2,622 x (2/4) _ $1 311 Example 2: For an intersection control beacon with 3 approaches, with 2 approaches being state roads, the intersection amount for FY 11-12 will be $675 x (2/3) _ $450 Example 3: For a location with a school zone flashing beacon and two speed activated warning displays, the intersection amount for FY 14-15 will be {($295"1) + ($148"2)} _ $591 Unit Rates per 100% State Intersections FY 11-12 12-13 13-14 14-15 15-16 16-17 Intersection Traffic Control Signals Beacon (TS) (ICB) (0 25*TS) $2,701 $2,782 $2,866 $2,951 $3,040 $3,131 $675 $696 $716 $738 $760 $783 Pedestrian Flashing Beacon (PFB) (0.10*TS) $295 $304 $313 Emergency Fire/Dept. Signal (FDS) (0 25*TS) $738 $760 $783 Speed Activated Warning Displays (SAWD) (0.05*TS) Traffic Warning Beacon (TWB) (0.05*TS) $148 $148 $152 $152 $157 $157 The Unit Rate for each fiscal year is 3% more than the Unit Rate for the previous fiscal year, unless otherwise specified in an amendment to this Agreement. 3.0 PAYMENT PROCESSING The Maintaining Agency shall invoice the Department yearly in a format acceptable to the Department.