File #: 25-385    Version: 1 Name:
Type: resolution Status: Agenda Ready
File created: 6/23/2025 In control: City Council
On agenda: 7/14/2025 Final action:
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
Attachments: 1. Resolution, 2. Report, 3. DRAFT Purchase and Sales Agreement, 4. Locus Map
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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