File #: 25-385    Version: 1 Name:
Type: resolution Status: Passed
File created: 6/23/2025 In control: City Council
On agenda: 7/14/2025 Final action: 8/11/2025
Title: Resolution authorizing the City Manager to enter into a Purchase and Sale Agreement with the Boston and Maine Corporation, a subsidiary of CSX Transportation, Inc., concerning the acquisition of portions of the Boston and Maine Northern Main Line Railroad for the purpose of facilitating the Merrimack River Greenway Trail project (CIP #543), appropriating the sum of $143,000 in the Merrimack River Greenway Trail project (CIP #543), authorizing the issuance of general obligation bonds and notes in the sum of $105,000, and authorizing the transfer and use of $38,000 from the Recreation Impact Fee fund for this purpose; together with report from the Director of Special Projects and Strategic Initiatives. (Public testimony received.)
Attachments: 1. Resolution, 2. Report, 3. DRAFT Purchase and Sales Agreement, 4. Locus Map, 5. Public Testimony, 6. Additional Public Testimony

Title

Resolution authorizing the City Manager to enter into a Purchase and Sale Agreement with the Boston and Maine Corporation, a subsidiary of CSX Transportation, Inc., concerning the acquisition of portions of the Boston and Maine Northern Main Line Railroad for the purpose of facilitating the Merrimack River Greenway Trail project (CIP #543), appropriating the sum of $143,000 in the Merrimack River Greenway Trail project (CIP #543), authorizing the issuance of general obligation bonds and notes in the sum of $105,000, and authorizing the transfer and use of $38,000 from the Recreation Impact Fee fund for this purpose; together with report from the Director of Special Projects and Strategic Initiatives. (Public testimony received.)