Iowa County Executive Committee Agenda Packet 2026-06-09
Iowa County Seeks Higher Rail Lease Payments, End to Subsidies
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Description
Iowa County requests an increase in annual lease and other payments paid by rail carrier WSOR/Watco under its operating agreement with the WRRTC, aiming to eliminate county financial contribution subsidies within four years. The agreement includes requirements for financial and operating reports, with potential fiscal impact on both parties.
Contract Details
Contract Amount
$58,755 per year (2023 amount, not adjusted for 2024 or 2025)
Vendor
WSOR/WATCO
Agency
Iowa County, IA
Contract Type
TRANSPORTATION
Document Date
June 9, 2026
Contract Term
September 1, 1997 – December 31, 2047
Renewal Date
2047-12-31
Renewal Info
Operating agreement originally signed September 1, 1997, extends to December 31, 2047. Current lease amount last adjusted in 2023; amendments sought to increase payments and reduce county subsidy.
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