HomeMy WebLinkAbout2016-192 (increase to railroad lease payment) RESOLUTION 2016-192
APPROVAL OF INCREASE TO RAILROAD LEASE PAYMENT
WHEREAS,the City of Stillwater assumed the Railroad's interest in a lease with St. Croix
Boat and Packet in December 2000, and
WHEREAS, as a part of the lease, St. Croix Boat& Packet pays for the use of the railroad
right of way; and
WHEREAS,the 2016 lease payment was $8,831.85; and
WHEREAS, staff recommends a 2% increase for 2017 for a total of$9,008.49.
THEREFORE BE IT RESOLVED that the City Council of Stillwater, MN hereby approves the
increase for use of the railroad right-of-way as described in the Railroad Lease between the
City of Stillwater and St. Croix Boat&Packet for a total amount of$9,008.49 in 2017.
Adopted by the Stillwater City Council this 18th day of October, 2016.
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ATTEST:
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Diane F. Ward, City Clerk