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Objector claim: Future transit depots between Cocoa and Palm Beach are prohibited by the lease agreement with the Central Florida Expressway Authority (CFX) for AAF to use a portion got the FL 528 right-of-way for construction of its Cocoa to Orlando passenger rail extension. Analysis of the facts reveals: No such provision exists. In fact, the lease specifically acknowledges (in several places) likely future expansion of services between Miami and Orlando and to other areas beyond Orlando.4 With respect to new transit stops (depots) between West Palm Beach and Orlando, the lease specifically states the following (extraneous material removed for brevity): ... such Intercity Passenger Rail Service might eventually include additional stops between the Orlando and Miami destinations and/or might be expanded to other destinations beyond the current destinations... "It is understood and agreed that the Intercity Passenger Rail Service may be expanded to other destinations beyond the current destinations... and/or additional stops or depots may be added, but, prior to including any additional stops or depots between Orlando International Airport and West Palm Beach, Florida... AAF shall provide the Authority with a reasonably detailed description of the proposed expansion... and reports pertaining to ridership and diverted trips along State Road 528... that such expansion and/or additional stops or depots will not cause a reduction in System Pledged Revenues..." This provision exists to create a process to compensate CFX for lost toll revenues for those who would elect to use AAF rather than drive between Orlando and a new depot, a drive that would presumably have them use FL 528 and pay CFX tolls. This is a very reasonable provision, given AAF's Cocoa to Orlando rail extension will be built on land leased from the OOCEA(now CFX). No reasonable reading of this provision of the lease can conclude that future transit stations between Cocoa and Palm Beach are prohibited by this lease. Additional AAF transit stations are a win-win situation because not only will CFX receive compensation for lost toll revenues without the wear and tear on its highway, but also traffic for motorists will be lighter, maintenance costs will be reduced, and pressure for future expansion will be delayed. Conclusions: No provision of the Cocoa-Orlando rail extension right-of-way lease prohibits any future transit stops between Orlando and Palm Beach. To the contrary, the likelihood of new stations is specifically acknowledged by the plain language of the lease agreement for the Cocoa to Orlando rail extension, which lease also includes provisions to compensate the CFX for lost toll revenue on FL 528 arising from any new transit station between Orlando and Palm Beach. June 23, 2015 Page 8 of 12 "1 'O