Virginia Beach Light Rail ROW Acquisition (language only)

Item 462 #1s

Language
Page 499, following line 36, insert:
"D. Included from such funds appropriated in item 449.10 of Chapter 847, 2007 Session of the General Assembly, it is the intent of the General Assembly that an amount not to exceed  50 percent of the cost of acquisition of right-of-way owned by the Norfolk Southern Corporation located between Newtown Road and the Oceanfront in the City of Virginia Beach be provided.  Prior to the expenditure of any funding appropriated within this item, the Department shall have a commitment for a like amount in additional funding from the City of Virginia Beach exclusive of any existing utility easement payments or federal funding commitments."

Explanation
(This amendment provides up to a 50 percent match in funding for the acquisition of right-of-way currently owned by the Norfolk Southern Corporation from funds allocated as part of the 2007 Transportation Initiative. Receipt of these funds for acquisition of right-of-way related to the extension of the Hampton Roads light rail project is contingent upon the commitment of additional funding of an equal amount from the City of Virginia Beach, exclusive of existing utility easement payments of federal funding commitments. The amendment does not allocate new funding to this project.)