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HomeMy WebLinkAboutRES 2007-034 RESOLUTION NO. 2007-34 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS ENDORSING THE PURCHASE OF STEAM LOCOMOTIVE NO. 2248 AND TENDER; SIX PASSENGER COACHES NOS. 206, 207, 208, 209, 1808 AND 1818; AND DOUBLE BAY CABOOSE FROM FORT WORTH & WESTERN RAILROAD AND PROVIDING AN EFFECTIVE DATE WHEREAS, Fort Worth & Western Railroad began operation of a steam excursion train from Fort Worth to Grapevine on August 30, 1996; and WHEREAS, the operation of the steam excursion train has continued to the present time except for the time from January 2000 until December 2000 when the train was under lease to Coe Sun Rail of Michigan; and WHEREAS, railroading is an integral part of the history of Grapevine; and WHEREAS, the establishment of the Cotton Belt Railroad Historic District will ensure the recognition of the importance of railroading to the community; and WHEREAS, the City of Grapevine Convention & Visitors Bureau entered into a seven year lease with Fort Worth & Western Railroad on December 1, 2000 to operate the steam excursion train; and WHEREAS, the excursion train is an icon of the Grapevine tourism industry through regular runs, charters, and special events such as Day Out With Thomas and North Pole Express; and WHEREAS, Fort Worth & Western Railroad has agreed to sell the above listed equipment to the Grapevine Vintage Railroad for the sum of $320,000 (exclusive of caboose) on December 1, 2007; and WHEREAS, Fort Worth & Western Railroad has agreed to an early sale of the above listed equipment to the Grapevine Vintage Railroad to include all related tools and equipment and the inclusion of the above mentioned rail-ready double bay caboose for $355,000 on July 2, 2007; and WHEREAS, the Convention & Visitors Bureau and the City Manager recommend the purchase of said equipment from Fort Worth and Western Railroad. NNW NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS: Section 1. That all matters stated in the preamble are true and correct and incorporated herein as if copied in their entirety. Section 2. That the Grapevine Vintage Railroad purchase from Fort Worth & Western Railroad Steam Locomotive No. 2248 and tender; Six Passenger Coaches, Nos. 206, 207, 208, 209, 1808 and 1818; Double Bay Caboose and related equipment in an as-is condition. Section 3. That the purchase price for said equipment is $355,000 payable by cashier's check (or equally negotiable instrument) dated no earlier than July 2, 2007 and no later than July 3, 2007. Section 4. That on receipt of payment, Fort Worth & Western Railroad will provide to the Grapevine Vintage Railroad a bill of sale. Section 5. That this resolution shall take effect from and after the date of its passage. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 19th day of June, 2007. APPROVED: William D. Tate Mayor ATTEST: Cf2ff,//;-z&z.. v Linda Huff City Secretary RES. NO. 2007-34 2 APPROVED AS TO FORM: Stan Lowry City Attorney Oft..4 WOO RES. NO. 2007-34 3