Items 1 - 3

1. Call to Order 2. Approval of Minutes December 17, 2020 3. *Safety Update [5 minutes]

Item 4

*TRE Operations Report [5 minutes]

Item 5

*TRE Quarterly Financial Report as of December 31, 2020 [5 minutes]

Item 6

* FY22 TRE Operating and Capital Budget [5 minutes]

Item 7

*Update on TRE Capital Projects - Maintenance of Way [10 minutes]

Item 8

*Update on TRE Capital Projects – Vehicles [5 minutes]

Item 9

*Update on Positive Train Control (PTC) [5 minutes]

Item 10

Addition of Contingency to BiLevel/Coach Car Overhaul Contract to Cover Hidden and Latent Damage Identified During Overhaul Due to Age/Condition [10 minutes]

Items 11 & 13

11. Contract to Upgrade TRE Vehicle Business System (VBS) Communication to 4G LTE [10 minutes] 13. Adjournment