Minutes 06/22/2010 - Laserfiche WebLink

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June 22.2010 Financial Impact: . None. Improvements and maintenance will be made by the railway and not by the City. Staff Recommends: . Adoption of the resolution. Vision Principle: A Robust and Prospering Economy. Next Steps Following Council Action: . Inform Mr. David Bordner, VP of Rail Link North and DPRT of the decision of the City Council. Motion by Mr. Moody, and seconded by Mr. Whitehurst, to adopt the following resolution, and was adopted by the following vote: "RESOLUTION SUPPORTING THE APPLICATION OF COMMONWEALTH RAILWAY, INC., TO THE VIRGINIA DEPARTMENT OF RAIL AND PUBLIC TRANSPORTATION FOR RAIL PRESERVATION FUNDS TO ASSIST IN THE REPAIR AND IMPROVEMENT OF A SECTION OF RAIL FROM THE APM TERMINAL BRANCH TO THE BASF PLANT. WHEREAS, Commonwealth Railway, Inc., ("Commonwealth Railway") desires to file an application with the Virginia Department of Rail and Public Transportation for funding assistance for repairs and improvements to a rail section from the APM Terminal Branch to the BASF Plant in the City; and WHEREAS, the General Assembly, through enactment of the Rail Preservation Program, provides funding for certain improvements to aid procurement of railways in the Commonwealth of Virginia; and WHEREAS, Commonwealth Railway is an important provider in the City of Portsmouth's transportation system; and WHEREAS, Commonwealth Railway is instrumental in the economic development of the region, including the City of Portsmouth; provides relief to the highway system by transporting freight; and provides an alternate means of transporting commodities; and WHEREAS, Commonwealth Railway has requested the City of Portsmouth's support for the above-referenced rail projects; and WHEREAS, the Commonwealth Transportation Board has established procedures for allocation and distribution of funds provided; and WHEREAS, a resolution expressing Portsmouth City Council's continuing support of the application has been requested by Commonwealth Railway. NOW, THEREFORE BE IT RESOLVED by the Council of the City of Portsmouth, Virginia, that it hereby supports the application of Commonwealth Railway to the Virginia Department of Rail and Public Transportation for Rail Preservation Program funds to be used for its rail repair and improvement project." Ayes: Heretick, Moody, Psi mas, Randall, Whitehurst, Holley Nays: None Abstain: Smith (Commonwealth Rail is a client of his employer) 10 - 313 - Adoption of a resolution authorizing a Memorandum of Intent with Hull's Creek Properties, LLC for development of the former Port Norfolk Elementary School site. Vision Principle: Thriving Neighborhoods and a Sense of Community.