A BILL TO BE ENTITLED AN ACT TO PROVIDE THAT THE CITY OF BELMONT MAY LEASE FROM THE DEPARTMENT OF TRANSPORTATION THE DEPARTMENT'S INTEREST IN A PORTION OF THE PIEDMONT AND NORTHERN RAIL CORRIDOR WITHIN THE LIMITS OF THE TOWN OF BELMONT.
Senate committee substitute to the 1st edition makes the following changes. Deletes the provisions of the 1st edition and replaces them with the following.
Allows Belmont and the Department of Transportation (DOT) to enter into a lease agreement for interim public recreation use of that portion of the DOT's interest in the portion of the right of way of the former Belmont Branch of the Piedmont and Northern railroad, as specified, if the eight specified conditions are met, including all persons owning an interest in the real property comprising the rail corridor portion to be leased will be parties to the lease, adjacent property owners are offered broad voting representation by members in the organization that is delegated most immediate responsibility for development and management of the rail trial by the city, and the DOT determines that there will not likely be a need to resume active rail service in the leased portion of the rail corridor for at least 10 years.
Amends the act's title.
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