Minutes 03/23/1999 - Laserfiche WebLink

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March 23, 1999 "A RESOLUTION SUPPORTING THE UTILIZATION OF COMMONWEALTH OF VIRGINIA INDUSTRIAL ACCESS RAILROAD TRACK FUNDS TO PROVIDE RAILROAD ACCESS FOR ARREFF TERMINALS, INC., ON FREDERICK BOULEVARD. WHEREAS, ARREFF Terminals, inc.. has expressed its intent and desire to locate its commercial, business or industrial operations on Frederick Boulevard in the City of Portsmouth: and WHEREAS, ARREFF Terminals, Inc., and its operation will require rail access: and WHEREAS, ARREFF Terminals, Inc., has reported to the City its intent to apply for Industrial Access Railroad Track Funds from the Commonwealth of Virginia's Department of Rail and Public Transportation in the amount of $150,000: and WHEREAS, ARREFF Terminals, Inc., has requested that the City Council adop1 a resolution supporting its application for said funds which are administered by the Virginia Department of Rail and Public Transportation. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Portsmouth Virginia, that the City of Portsmouth endorses and supports the application of ARREFF Terminals, Inc., for $150,000 in Industrial Access Railroad Track Funds and makes known the City's desire and intent to assist the Commonwealth Transportation Board's provision of the maximum financial assistance to ARREFF Terminals, Inc., for the purpose of locating its business, commercial or industrial facility in the City of Portsmouth." Ayes: Benn, Griffin, Moody, Pitts, Robinett, Whitehurst, Holley Nays: None 99-72 - Adoption of a resolution authorizing the City Manager to execute an 'agreement on behalf of the City of Portsmouth approving the definitive merger agreement among the Peninsula Transportation District Commission, the Tidewater Transportation District Commission, and the component governments of the Commissions. 1. Michael Townes, 1500 Monticello Avenue, provided information from TRT. Recommendation: Adoption of a resolution authorizing the City Manager to execute an agreement on behalf of the City of Portsmouth approving the definitive merger agreement among the Peninsula Transportation District Commission, the Tidewater Transportation Distdct Commission, and the component governments of the commissions. Purpose and Need: PTDC and 'I-FDC have agreed upon a definitive merger agreement, which als~ requires approval of the seven localities making up the two commissions. If this agreement is approved by all seven localities, the City Councils wil later be asked to approve the necessary ordinances creating [he Hampton Roads Transportation District Commission, subject to the certification of the Secretary of the Commonwealth After approval, the localities will appoint two members (plus alternates) to the new commission. Financial Impact: It is expected that the merger will create efficiencies that will reduce the costs to the localities.