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Starting a Railroad, Phase 1
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Due Diligence <br /> <br />Records concerning traffic over the line and revenues will be obtained from the KCS under confidentiality agreement for the preceding five (5) years. Revenue and traffic will be analyzed for the pro forma budget. <br /> <br />Records concerning the real property titles and related documents including grade crossing agreements, pipeline, wireline and other easements or profits (real estate term) will also be obtained from the KCS. Local real property taxes will be verified by county. <br /> <br />Records concerning track and bridge inspections, employees (numbers and types), communications facilities, equipment used (both on track and MOW), transportation service, customer service, car service, car repair and other records will also be obtained from the KCS. <br /> <br />One or more hirail trips will be arranged to inspect the physical plant in detail including all bridges, culverts, trestles, overpasses, underpasses, grade crossings, private crossings, track structure, and subgrade. Conditions will be compared with bridge and track inspection reports. There are no tunnels on the route. <br /> <br />Other documents and records will be requested based upon the results of the above. <br /> <br />LC
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