Number
190267
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
Substitute resolution relating to application for, and acceptance, funding and expenditure of, a Wisconsin Department of Transportation 2019 Freight Railroad Preservation Program Infrastructure Improvement Grant for railroad improvements at the Port of Milwaukee.
Analysis
This resolution authorizes the Port of Milwaukee to apply, accept, fund and expend a Wisconsin Department of Transportation 2019 Freight Railroad Preservation Program Infrastructure Improvement Grant for railroad improvements in the amount of $2,993,920. Grant funds will be used in connection with the rehabilitation of Port of Milwaukee-owned railroad track.
Body
Whereas, The City of Milwaukee appears to be eligible for Freight Railroad Preservation Program Infrastructure Improvement Program grant funds from the Wisconsin Department of Transportation, Bureau of Railroad & Harbors; and
Whereas, It is the mission of the Port of Milwaukee to enhance the overall economic environment of the region by stimulating trade, business, and employment; and
Whereas, The Port of Milwaukee owns and maintains 14 miles of railroad track connecting each Port terminal to two Class 1 railroads which provide delivery service to and from the Port; and
Whereas, In order to accommodate planned improved intermodal service at the Port of Milwaukee, it is necessary to upgrade the track size and layout to industry standard, as current weight load demands; and
Whereas, This upgrade of the railroad track at the Port of Milwaukee is estimated to cost $3,742,400, of which $2,993,920 (80%) will be provided by the Wisconsin Department of Transportation (grantor) and $748,480 (20%) will be provided by the City budget (Fund 0481 capital account); now, therefore, be it
Resolved, By the Common Council of the City of Milwaukee, That the Port of Milwaukee is authorized to apply for and accept Wisconsin Department of Transportation Freight Railroad Pr...
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