2005 Session

Budget Amendments - SB700 (Conference Report)

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Fulton Bottom Land Exchange (language only)

Item 469 #2c

Item 469 #2c

Transportation, Secretary of

Page 428, after line 19, insert:
"C.1. The Virginia Department of Transportation, with the approval of the Governor and in a form approved by the Attorney General, is hereby authorized to exchange five +/- acres of Fulton Bottom property, on the north side of Route 5 in the City of Richmond, to the Lehigh Cement Company, in exchange for a parcel of land estimated at two +/- acres on the south side of Route 5 in the City of Richmond, to be used as a trail head facility for the Virginia Capital Trail.
2.  The appropriate offices of the Commonwealth are hereby authorized to prepare, execute, and deliver such deed and other documents as may be necessary to accomplish the exchange.  
3. Included in this effort shall be a review of potential environmental and other liability issues.  Prior to the conveyance of the properties, the Commonwealth shall prepare a plan to address any potential liability issues associated with the property owned by Lehigh Cement Company."

(This amendment authorizes the conveyance of state-owned property in the City of Richmond. The transaction would enable the Lehigh Cement Company to move out of a flood plain and to construct a new $5.0 million plant in Richmond. The state benefits in two ways: 1) the land obtained by the state can be used as a park and provide public access to the James River and 2) Norfolk Southern Railroad can abandon the rail line now serving Lehigh Cement and donate the right-of-way for public use. The right-of-way is some two miles in length, is adjacent to the James River, and is important to the Virginia Capital Trail, a 50-mile bike and pedestrian trail linking Richmond, Jamestown and Williamsburg in the Route 5 corridor.)