City Amends CSX Parking Lease With Rent Increases

Parkersburg City Council approved an amendment to its long-standing lease with CSX Transportation for 1.34 acres used as free public parking. The amendment increases annual rent in stages beginning July 1, 2024, and adds a 3% yearly increase from 2027 while restricting the site to free public parking.

Document date · March 12, 2024

Track City of Parkersburg contracts

Get alerts when new contracts are awarded or existing ones approach renewal at City of Parkersburg.

Get started free

Create a free account · no credit card

Work in government? Get Civic IQ free

Scope & details

The full contract record, as filed.

Contract amount

$5,000.00 per year beginning July 1, 2024; $7,500.00 per year beginning July 1, 2025; $10,000.00 per year beginning July 1, 2026; 3% annual increases beginning July 1, 2027

Contract type

FACILITIES

Renewal

Original lease dated December 1, 1987; this amendment revises permitted use language and establishes new escalating base rental rates with 3% annual increases beginning July 1, 2027. All other lease terms remain in effect.

Document type

Agenda

Source document

Parkersburg City Council Agenda March 12 2024

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Parkersburg?

Csx Transportation was awarded this facilities contract by City of Parkersburg, as recorded on March 12, 2024. The contract value is $5,000.00 per year beginning July 1, 2024; $7,500.00 per year beginning July 1, 2025; $10,000.00 per year beginning July 1, 2026; 3% annual increases beginning July 1, 2027.

How much is the Csx Transportation contract with City of Parkersburg worth?

The Csx Transportation contract with City of Parkersburg is valued at $5,000.00 per year beginning July 1, 2024; $7,500.00 per year beginning July 1, 2025; $10,000.00 per year beginning July 1, 2026; 3% annual increases beginning July 1, 2027, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Parkersburg City Council Agenda March 12 2024 (Agenda), dated March 12, 2024 from City of Parkersburg. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Csx Transportation hold?

Csx Transportation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Csx Transportation's profile

What is City of Parkersburg currently buying?

Explore City of Parkersburg's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Parkersburg's profile