HomeMy WebLinkAbout2018-200 (2% payment increase for Railroad Lease charged to St. Croix Boat & Packet) RESOLUTION 2018-200
APPROVAL OF 2% PAYMENT INCREASE FOR RAILROAD LEASE CHARGED TO
ST. CROIX BOAT&PACKET
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 2018 lease payment was $9,180.66; and
WHEREAS, staff recommends a 2% increase for 2019 for a total of$9,364.27.
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$9,364.27 in 2019.
...zAdopted by the Stillwater City Council this 18th day of Se to r 2018.
...t
Ted Kozlowski, Mayor
ATTEST:
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Diane F. Ward, City Clerk