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Title
Agreement with the Union Pacific Railroad for the Reimbursement of Positive Train Control Implementation
Overview
The Los Angeles - San Diego - San Luis Obispo Rail Corridor Agency’s Fiscal Year 2018-19 amended budget includes funding to reimburse the Union Pacific Railroad for improvements and enhancements to the Santa Barbara subdivision, including the implementation of positive train control. In order to facilitate these improvements and enhancements, a cooperative agreement between the Los Angeles - San Diego - San Luis Obispo Rail Corridor Agency and the Union Pacific Railroad is necessary. Board of Directors authorization is requested for the Managing Director to negotiate and execute an agreement for the reimbursement of these expenses.
Recommendation(s)
Authorize the Managing Director to negotiate and execute an agreement with the Union Pacific Railroad, in an amount not to exceed $8,550,676, for improvements and enhancements on the Santa Barbara subdivision including the full implementation of positive train control.