Bill Summary for S 174 (2015-2016)

Summary date: 

Mar 4 2015
S.L. 2015-120

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 174 (Public) Filed Wednesday, March 4, 2015
AN ACT TO PROVIDE THAT THE CITY OF WILMINGTON MAY LEASE FROM THE DEPARTMENT OF TRANSPORTATION THE DEPARTMENT'S INTEREST IN A PORTION OF THE FORMER CSX TRANSPORTATION RAIL CORRIDOR WITHIN THE LIMITS OF THAT CITY.
Intro. by Lee.

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Bill summary

Authorizes the City of Wilmington and the Department of Transportation to enter into a lease agreement for interim public recreation use of a specified right-of-way known as the Wilimington Downtown Lead. Sets out six specific conditions that must be met in order to enter into the lease agreement, including having all persons owning an interest in the real property comprising the rail corridor portion to be leased to be parties to the lease and a determination by the Department of Transportation that there will not be a need to resume active rail service in the leased portion of the rail corridor for at least 10 years. 

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