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Signed Contracts_Canadian National Railroad Track Easement ReleaseMasterpiece on the Mississippi TO: Michael C. Van Milligen, City Manager FROM: Jon Dienst, Civil Engineer II Gt7 i i . SUBJECT: Canadian National Railroad rack Easement Release DATE: September 7, 2010 INTRODUCTION This memo requests you to sign the attached Bill of Sale and Relinquishment and Waiver of Rights from Canadian National Railroad (CN). DISCUSSION Dubuque Al - Americacily I 2007 As part of the Historic Millwork District Complete Streets project, railroad tracks that currently exist in Jackson Street and Washington Street need to be removed. The City would like to re- use these tracks as part of the streetscaping work on Jackson Street. The main trunk line tracks are owned by the CN Railroad. Last year the railway switch at 5 street was removed as part of the railway crossing improvements, rendering the trunk line tracks in the Historic Millwork District not useable for rail traffic. Engineering has had several conversations with Harlan Ariens, Manager of Public Works in Iowa for CN Railroad. In these discussions it was agreed that if the City took over ownership of the tracks, CN would lose liability for the tracks. The only cost to the City for the ownership transfer would be $1. The City needs to have ownership of these tracks so the streets can be redeveloped and the utilities replaced. The Federal Highway Administration requires that the City have an agreement in place with the Railroad prior to construction as a condition of the $5.6 million TIGER grant. CN Railroad is requesting that the City execute two copies of the document and mail it back to their office. They will then execute the copies on their end and return a copy to the City. ACTION TO BE TAKEN I request you sign both copies of the attached agreement with CN Railroad. City Attorney Barry Lindahl has reviewed the document. Cc: Barry Lindahl, City Attorney Gus Psihoyos, City Engineer Attchs. BILL OF SALE AND RELINQUISHMENT AND WAIVER OF RIGHTS FOR RAILROAD TRACKS AT DUBUQUE, IOWA WASHINGTON STREET AND JACKSON STREET SPUR TRACKS 1. KNOW ALL PERSONS BY THESE PRESENTS, that Chicago, Central and Pacific Railroad Company, a corporation of the State of Delaware, with offices at 17641 South Ashland Avenue, Homewood, Illinois 60430, hereinafter referred to as "Seller," for and in consideration of the sum of ONE DOLLAR ($1.00) and other good and valuable consideration, to it in hand paid, does hereby GRANT, SELL and TRANSFER unto the City of Dubuque, Iowa, an Iowa municipal corporation, with mailing address of 50 West 13 Street, Dubuque, Iowa 52001, Attn: Jon Dienst P.E., hereinafter referred to as "Buyer," all its right, title and interest, if any, in and to all the personal property (the "Subject Tracks "), to the extent owned or operated by Seller, as identified in red on the "Historic Millwork District — Rail Line Abandonment" documents dated 2010, identified as Exhibit A, attached hereto and incorporated herein by reference, to be sold by Seller to Buyer, including but not limited to all rail, other track materials and all other rail assets, located on the Subject Tracks on this date; subject however upon and to the covenants, conditions and restrictions hereinafter contained, to which Buyer, for itself, its successors and assigns, agrees to be bound as part of the consideration hereof. A. The said Subject Tracks is conveyed by Seller and accepted by Buyer as is and where is, and without any warranties or representations of any nature or kind expressed or implied by Seller. B. As of the date of this Bill of Sale, Buyer or its designee will assume all liability for future maintenance, repair or removal of said Subject Tracks. 1724483v1 2. Upon Buyer's acceptance and execution of this agreement, Seller hereby permanently relinquishes and waives any and all rights it has or may have to construct, operate or maintain railroad tracks and appurtenances within the platted limits of Washington Street and Jackson Street in Dubuque, Iowa. 3. Upon the effective date of this agreement, Buyer assumes all of Seller's rights and obligations with respect to the Subject Tracks, including but not limited to any obligation to remove, sell or dispose of the Subject Tracks, and/or restore the roadway surfaces of Jackson Street and Washington Street upon the removal of the Subject Tracks. The words "Seller" and "Buyer," as used herein, shall be deemed to include at all times and in all cases their respective successors or assigns. day of September, 2010. 1724483v1 IN WITNESS WHEREOF, Seller has executed this Instrument as of this CHICAGO, CENTRAL AND PACIFIC RAILROAD COMPANY By: Its: CITY OF DUBUQUE, IOWA By: Its: 2