Section 103-562; Ord. 17481; Authorizing an Agreement w/COLT Terminal, LLC


Ordinance No.           17481               Council Bill No.            B 348-02           

AN ORDINANCE

authorizing an agreement with COLT Terminal, LLC; appropriating funds; and fixing the time when this ordinance shall become effective.

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.  The City Manager is hereby authorized to execute an agreement  with COLT Terminal, LLC for the construction and operation of a rail terminal on city-owned property located on Brown Station Road.  The form and content of the agreement shall be substantially as set forth in "Exhibit A" attached hereto and made a part hereof as fully as if set forth herein verbatim.

    SECTION 2.  The sum of $ 250,000 is hereby appropriated from the Electric Utilities Retained Earnings Account No. 551-0000-351.01-00 to the Power Plant Building and Structures/Land Account No.  551-7110-880.60-65 ER 0046.

    SECTION 3.  This ordinance shall be in full force and effect from and after its passage.

    PASSED this 21st day of October, 2002.