RE: Railcar Use Agreement with Mt. Vernon Transfer Terminal, LLCRailcar Use Agreement • September 15th, 2015 • Indiana
Attached hereto for your consideration is a proposed Railcar Use Agreement with Mt. Vernon Transfer Terminal, LLC (MVTT) for transport of 150,000 tons of Illinois Basin coal. The City currently contracts for two (2) sets of railcars that normally transport a maximum of 77,400 tons of coal per month. The ability to add a third train will provide a contingency plan to ensure Lakeland Electric’s Illinois Basin coal supply is delivered timely. The length of time between train deliveries has recently been extended from eight (8) to ten (10) days due to CSX routing coal trains on longer routes to free up direct routes for intermodal trains.
MEMORANDUMRailcar Use Agreement • August 29th, 2017 • South Carolina
This Lease with SCPSA, effective September 5, 2017, upon approval by the City Commission, will continue through September 30, 2024, unless otherwise terminated or cancelled pursuant to the Agreement. The starting rate for each railcar is $100 per railcar for the first year of the Lease, with yearly rate adjustments thereafter, with a final rate of $175 per railcar in year six (6) of the Lease. The Lease may be terminated upon sixty (60) days prior notice of each annual renewal term.
