Title of Item:
LICENSE AGREEMENT WITH VIRGIN TRAINS USA (RC):
RESOLUTION No. 45-2019; A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF STUART, FLORIDA, AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE AN AGREEMENT BETWEEN THE CITY OF STUART AND VIRGIN TRAINS USA FLORIDA, LLC GRANTING A LICENSE TO STORE RAILROAD CONSTRUCTION MATERIALS ON THE STUART LANDFILL; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.
Summary Explanation/Background Information on Agenda Request:
Virgin Trains USA made an unsolicited offer to the City to lease/license the City Landfill for the purpose of storing railroad ties during the construction and expansion of the Florida East Coast Railway corridor. The space is currently available and the license agreement will be a short term revenue source for the City. Virgin will be responsible for all environment services and shall return the property to its current condition at the conclusion of the agreement.
Funding Source:
N/A
Recommended Action:
Move approval of Resolution 45-2019. |