Lenoir takes ownership of transload business
Lenoir agreed Tuesday to the formal business agreement for operating the so-called transload freight-transfer facility on U.S. 321-A.
It is the first time the city has agreed to take part-ownership in a business, City Attorney Ed Blair said.
The agreement puts Lenoir in equal partnership with Caldwell County to operate Caldwell-Lenoir Rail Transload LLC. It will operate under the management of the county manager and city manager.
Blair said he is satisfied that the terms of the agreement maximize the city’s flexibility in management and minimize its liability.
Lenoir and Caldwell County have agreed to split the $300,000 purchase of the five-acre facility, which offloads freight to and from rail cars and trucks going to businesses once served by five miles of rail line that the city and county closed as part of the deal in 2006 to bring theGoogle data center to Lenoir. The tracks ran past Google’s site, and the company was concerned that vibration from the rails would be bad for its computer servers. The city and county established the transload facility in 2007.
In unrelated business Tuesday, the council also unanimously approved the rezoning from general business to heavy industrial for a parcel at 520 Realty St., owned by Aiken Development, a developer of automation systems for manufacturing purposes. Aiken Development plans to expand its business into the property, an empty lot adjacent to the property that houses its current operations.