File #: 133-25    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 4/28/2025 In control: Board of Port Commissioners
On agenda: 5/8/2025 Final action: 5/8/2025
Title: Ordinance 4790, 2nd Reading Of An Ordinance Approving And Authorizing The Executive Director To Execute A Tenth Supplemental Agreement To The Lease With BNSF Railway Company For The Joint Intermodal Terminal To Extend The Term Through December 31, 2025, Provide One Option To Extend The Term By One Year, Modify Compensation Resulting In A Revenue Reduction Of Approximately $3.2 Million In Fy 2026, And Modify Other Provisions Relating To Term And Potential Future Rail Service; And Finding That The Proposed Action Is Exempt Under The California Environmental Quality Act.
Attachments: 1. Ordinance 4790

Title

Ordinance 4790, 2nd Reading Of An Ordinance Approving And Authorizing The Executive Director To Execute A Tenth Supplemental Agreement  To The Lease With BNSF Railway Company For The Joint Intermodal Terminal To Extend The Term Through December 31, 2025, Provide One Option To Extend The Term By One Year, Modify Compensation Resulting In A Revenue Reduction Of Approximately $3.2 Million In Fy 2026, And Modify Other Provisions Relating To Term And Potential Future Rail Service; And Finding That The Proposed Action Is Exempt Under The California Environmental Quality Act.