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OmniTRAX 40-year agreement with purchase option

City of Romney
Document date
Dec 11, 2023
Term
40 years

The 30-second brief

What it covers

Town Attorney Logan Mantz summarized the OmniTRAX agreement with the State of WV, which includes a 40-year lease with an option to purchase at the 5-year mark. The agreement requires lease renewal with the Potomac Eagle unless there's a material issue, and it contains a 30-day out clause for termination by either party. If WV terminates, OmniTRAX can purchase the railroad within 5 days.

Who holds it

OMNITRAX holds this lease agreement contract with City of Romney. Its other public contracts on record include work for Fox Metro Water Reclamation District and Perkins County.

What happens next

Term as filed: 40 years.

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Contract details

Contract type
Lease Agreement
Document date
December 11, 2023
Term
40 years
Vendor
OMNITRAX
Agency
City of Romney
Source document
city-of-romneymeeting-minutes2023-12-11_bc0.pdf (Meeting Minutes)

OMNITRAX's other public contracts

Fox Metro Water Reclamation District, IllinoisOmniTRAX Coordinates Fox Metro Railroad Crossing Work · Oct 19, 2026UndisclosedFox Metro Water Reclamation District, IllinoisOmniTRAX Coordinates Railroad Crossing Track Work · Sep 23, 2026UndisclosedFox Metro Water Reclamation District, IllinoisOmniTRAX Coordinates Railroad Crossing Track Work · Sep 19, 2026UndisclosedFox Metro Water Reclamation District, IllinoisOmnitrax Railroad Crossing Project Awaits Contractor Bids · Jul 22, 2026UndisclosedPerkins County, NebraskaBoard To Consider OmniTRAX Right Of Entry · Jun 30, 2026UndisclosedAll OMNITRAX contractsVendor profile

More City of Romney contracts

Capon Bridge LegalCapon Bridge Legal, PLLC to draft grant application · Mar 11, 2024UndisclosedCapon Bridge LegalCapon Bridge Legal, PLLC to draft grant application · Mar 11, 2024UndisclosedTown of RomneyGrant approved for historic preservation · Feb 12, 2024UndisclosedPaul Parker Williams & Timothy Taylor WilliamsWater Easement Approved with Compensation of $10000 · Jan 8, 2024$10KThrasher GroupThrasher Group Sewer Project to start 2024 · Dec 11, 2023UndisclosedAll City of Romney activityAgency profile

Questions about this contract

Who was awarded the lease agreement contract by City of Romney?

OMNITRAX was awarded this lease agreement contract by City of Romney, as recorded on December 11, 2023.

What type of contract is this?

This is a Lease Agreement contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-romneymeeting-minutes2023-12-11_bc0.pdf (Meeting Minutes), dated December 11, 2023 from City of Romney. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does OMNITRAX hold?

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

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What is City of Romney currently buying?

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

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