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<br />R-06-17 <br /> <br />A RESOLUTION SUPPORTING THE APPLICATION OF THE NORFOLK AND <br />PORTSMOUTH BELT LINE RAILROAD COMPANY TO THE VIRGINIA <br />DEPARTMENT OF RAIL AND PUBLIC TRANSPORTATION FOR RAIL <br />PRESERVATION FUNDS AND REQUESTING PRIORITY CONSIDERATION <br />THEREFOR. <br /> <br />WHEREAS, the Norfolk and Portsmouth Belt Line Railroad Company desires to file an <br /> <br />application with the Virginia Department of Rail and Public Transportation for funding <br /> <br />assistance for rail upgrade projects; and <br /> <br />WHEREAS, the Norfolk and Portsmouth Belt Line Railroad Company has identified <br /> <br />projects that are estimated to cost $900,000; and <br /> <br />WHEREAS, the General Assembly, through enactment of the Rail Preservation <br /> <br />Program, provides for certain improvements to and procurement of railways in the <br /> <br />Commonwealth of Virginia; and <br /> <br />WHEREAS, the Norfolk and Portsmouth Belt Line Railroad Company is an important <br /> <br />provider in the City of Portsmouth's transportation system; and <br /> <br />WHEREAS, the Norfolk and Portsmouth Belt Line Railroad Company is instrumental in <br /> <br />the economic development of the region, including the City of Portsmouth; provides relief to the <br /> <br />highway system by transporting freight; and provides an alternate means of transporting <br /> <br />commodities; and <br /> <br />WHEREAS, the Norfolk and Portsmouth Belt Line Railroad Company has requested the <br /> <br />City of Portsmouth's support for the rail upgrade projects and the retention of the rail service; <br /> <br />and <br /> <br />WHEREAS. the Portsmouth City Council previously expressed its support by resolution <br /> <br />dated April 26, 2005; and <br /> <br />WHEREAS, the Commonwealth Transportation Board has established procedures for <br /> <br />allocation and distribution of funds provided; and <br />