1980-12-03 Regular Meeting - Laserfiche WebLink

Browse Search

•~ • 6. PAYMENT - ACTUAL COST. Estimates for each individual project • shall be furnished to the STATE for review and approval prior to any installation work. These estimates shall be sufficiently detailed to show the work to be done and the materials to be installed. The RAILROAD may submit monthly bills of at least .$500.00 prepared in satisfactory form for work performed and materials installed. Payment will be made for as much as 90% of the costs detailed on the bill. The RAILROAD will, in any event, submit a complete and final bill, including all .costs, when the project is completed and the STATE will pay to the RAILROAD as much as 90/ of the costs detailed on the bill. After the final audit, the STATE will make a final payment of the re- maining balance due the RAILROAD. The RAILROAD may also request, under current STATE policies, payment for. materials in reasonable proximity to project, but not in place. The RA~YLROAD shall retain adequate cost accounting records for auditing purposes for three years after the final :payment. 7. MAINTENANCE. The RAILROAD shall maintain and operate these • highway-railroad grade crossing warning systems as installed and in accordance with the design of~operation as shown in the EXHIBIT B. No changes are to be made in the design, operation or location of the warning systems without the written. approval of the STATE or MUNICIPALITY of jurisdiction. 8. All provisions concerning the STATE which are -stipulated herein shall automatically cease and terminate upon official completion of the projects and payments of the final bill, where the crossings covered herein are not on the State Highway System. The MUNICIPALITIES of jurisdiction in such case shall assume the rights of the STATE after payment of the final bill. 9. PROJECT ADDITIONS AND CANCELLATIONS. Individual projects may be added to or cancelled from the EXHIBITS L attached hereto and made a part hereof with the mutual consent of the STATE and RAILROAD, As the Federal Government plans to continue contributing funds for im- provement and/or installation of warning devices for at least four years, the STATE .may submit additional EXHIBITS L listing additional individual projects to be attached hereto and made a part hereof. • 3 D-SRR 5-11-79 ~~