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2008-160
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2008-160
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Last modified
6/28/2024 11:44:49 AM
Creation date
9/30/2015 5:43:45 PM
Metadata
Fields
Template:
Resolutions
Resolution Number
2008-160
Approved Date
09/23/2008
Agenda Item Number
8.K.
Resolution Type
Authorization
Entity Name
Florida East Coast Railroad
Subject
Execution of a Railroad Reimbursement Agreement
Installation of grade crossing traffic control devices
Future maintenance and adjustment of traffic control devices
Providing for the expenditures of funds
Providing when this Resolution shall take effect
Area
12th Street
Supplemental fields
SmeadsoftID
5655
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]25-090-27 <br />,IL <br />OGC - 01V0] <br />The COMPANY has determined that the method to be used in developing the relocation or installation cost <br />shall be as specified for the method checked and described hereafter: <br />® (a) Actual and related indirect costs accumulated in accordance with a work order accounting <br />procedure prescribed by the applicable Federal or State regulatory body. <br />❑ (b) Actual and related indirect costs accumulated in accordance with an established accounting <br />procedure developed by the COMPANY and approved by the DEPARTMENT. <br />❑ (c) An agreed lump sum $ 0.00 as supported by a detail analysis of estimated <br />cost attached hereto. (NOTE: This method is not applicable where the estimated cost of the <br />proposed adjustment exceeds $100,000.) <br />10. The installation and/or adjustment of the COMPANY'S facility as plannedo will QQ will not <br />involve additional work over and above the minimum reimbursable requirements of the DEPARTMENT. (If upgrading and/or <br />nonreimbursable work is involved at the option of the COMPANY, then credit against the cost of the project is required <br />and will be governed by the method checked and described hereafter): <br />❑ (a) % will be applied to the final billing of work actually accomplished to determine <br />required credit for (betterment) and/or (expired service life) and/or (nonreimbursable segments). <br />❑ (b) All work involving nonreimbursable segments will be performed by special COMPANY work or job <br />order number apart and separate from the reimbursable portion of the work; such work or job order <br />number to be The COMPANY further agrees to clearly identify such <br />additional work areas in the COMPANY'S plans and estimates for the total work covered by this <br />Agreement. <br />❑ (c) $ 0.00 credited for O betterment O expired service life <br />O nonreimbursable segments in accord with Article 9.(c) hereinabove. <br />11. It is specifically agreed by and between the DEPARTMENT and the COMPANY that the DEPARTMENT <br />shall receive fair and adequate credit for any salvage which shall accrue to the COMPANY as a result of the above <br />installation and/or adjustment work. <br />12. It is further agreed that the cost of all improvements made during this adjustment work shall be borne by <br />the COMPANY, subject only to the DEPARTMENT bearing such portion of this cost as represents the cost of <br />adjustment of previously existing facility, less salvage credit as set forth in the immediately preceding paragraph. <br />
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