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<br />R~08~14 <br /> <br />A RESOLUTION SUPPORTING THE APPLICATION OF COMMONWEALTH <br />RAILWAY, INC., TO THE VIRGINIA DEPARTMENT OF RAIL AND PUBLIC <br />TRANSPORTATION FOR RAIL PRESERVATION FUNDS. <br /> <br />WHEREAS, Commonwealth Railway, Inc., ("Commonwealth Railway") desires to file <br /> <br />an application with the Virginia Department of Rail and Public Transportation for funding <br /> <br />assistance for repairs and improvements to a rail section from the APM Terminal Branch to the <br /> <br />BASF Plant in the City; and <br /> <br />WHEREAS, the General Assembly, through enactment of the Rail Preservation <br /> <br />Program, provides funding for certain improvements to aid procurement of railways in the <br /> <br />Commonwealth of Virginia; and <br /> <br />WHEREAS, Commonwealth Railway IS an important provider III the City of <br /> <br />Portsmouth's transportation system; and <br /> <br />WHEREAS, Commonwealth Railway is instrumental in the economic development of <br /> <br />the region, including the City of Portsmouth; provides relief to the highway system by <br /> <br />transporting freight; and provides an alternate means of transporting commodities; and <br /> <br />WHEREAS, Commonwealth Railway has requested the City of Portsmouth's support for <br /> <br />the above-referenced rail projects; and <br /> <br />WHEREAS, the Commonwealth Transportation Board has established procedures for <br /> <br />allocation and distribution of funds provided; and <br /> <br />WHEREAS, a resolution expressing Portsmouth City Council's continuing support of the <br /> <br />application has been requested by Commonwealth Railway. <br /> <br />NOW, THEREFORE BE IT RESOLVED by the Council of the City of Portsmouth, <br /> <br />Virginia, that it hereby supports the application of Commonwealth Railway to the Virginia <br />