Ordinance 2817CITY OF ALAMEDA ORDINANCE NO. 2817
New Series
NOTICE OF INTENT TO EXERCISE OPTION TO
PURCHASE ALAMEDA BELT LINE RAILROAD
WHEREAS , on December 15 1924 , the City of Alameda entered into an agreement
with the Western Pacific Railroad Company and the Atchison , Topeka and Santa Fe Railway
Company; and
WHEREAS , pursuant to the agreement , said railroads organized a corporation entitled
the Alameda Belt Line to acquire , construct and operate a belt line railroad to serve the industrial and
waterfront area of the City of Alameda; and
WHEREAS , under the agreement , the City of Alameda sold its existing municipal
railway to said railroads; and
WHEREAS , paragraph fourteen of said agreement states:
Said City shall have the right at any time hereafter to purchase said
belt line railroad including all extensions thereof, for a sum equal to
the original cost , together with the cost of any and all additional
investments and extensions made therein by said ALAMEDA BELT
LIN , provided that said City shall give at least one year s previous
notice of its intentions so tc do by ordinance to that effect; and
provided that at the sane time it purchases trom the parties of the first
part , or either of them , as the case may be , the branch railroad
extensions and spur tracks referred to in the twelfth section hereof."
and;
WHEREAS , the City Council finds that the public interest will be served by
purchasing the belt line railroad pursuant to said contractual right; and
WHEREAS , said paragraph fourteen requires the City to give a year s notice of its
intention to purchase the belt line railroad.
NOW , THEREFORE , BE IT ORDAIED by the Council of the City of Alameda
that:
Section 1 . The City Council , pursuant to paragraph fourteen of the above referenced
agreement , hereby gives notice to the Alameda Belt Line Corporation that it will on December 4
2000 , purchase the belt line railroad , including all extensions thereof.
Section 2 . This ordinance shall be in full force and effect from and after the
expiration of thirty (30) days from the date of its final passage.
Attest:
?J
City Clerk
******
, the undersigned , hereby certify that the foregoing Ordinance was duly and regularly adopted
and passed by the Council of the City of Alameda in regular meeting assembled on the 2nd day of
November , 1999 , by the following vote to wit:
AYES:Councilmembers Daysog, DeWitt , Johnson , Kerr and
Mayor Appezzato - 5.
NOES:None.
ABSENT:None.
ABSTENTIONS:None.
IN \VITNSS , WHREOF , I have hereunto set my hand and affxed the offcial seal of said City this
3rd day of November , 1999.
Diane Felsch , City Clerk
City of Alameda