SURFACE TRANSPORTATION BOARD DECISION DOCUMENT
    Decision Information

Docket Number:  
FD_36094_0

Case Title:  
ITAWAMBA MISSISSIPPIAN RAILROAD, LLC-- LEASE AND OPERATION EXEMPTION--ITAWAMBA COUNTY RAILROAD AUTHORITY

Decision Type:  
Notice Of Exemption

Deciding Body:  
Director Of Proceedings

    Decision Summary

Decision Notes:  
PROVIDED NOTICE THAT ITAWAMBA MISSISSIPPIAN RAILROAD, LLC FILED A NOTICE OF EXEMPTION TO LEASE FROM THE ITAWAMBA COUNTY RAILROAD AUTHORITY, TO OPERATE A 25-MILE RAIL LINE, KNOWN AS THE MISSISSIPPIAN RAILWAY, BETWEEN MILEPOST 0.0 IN AMORY, MISS., AND MILEPOST 25.0 IN FULTON, MISS.

    Decision Attachments

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    Full Text of Decision

37949

45658                            SERVICE DATE – FEBRUARY 3, 2017

DO

FR-4915-01-P

SURFACE TRANSPORTATION BOARD

[Docket No. FD 36094


<p class=MsoNormal style='line-height:200%'>Itawamba Mississippian Railroad,
LLC—Lease and Operation Exemption—Itawamba County Railroad Authority </p>

<p class=MsoNormal style='text-indent:.5in;line-height:200%'>Itawamba
Mississippian Railroad, LLC (IMR), a noncarrier, has filed a verified notice of
exemption under 49&nbsp;C.F.R. §&nbsp;1150.31 to lease from the Itawamba County
Railroad Authority (ICRA), a noncarrier and political subdivision of the State
of Mississippi, and to operate, a 25-mile rail line, known as the Mississippian
Railway, between milepost 0.0 in Amory, Miss., and milepost 25.0 in Fulton,
Miss. (the Line).</p>

<p class=MsoNormal style='text-indent:.5in;line-height:200%'>This transaction
is related to a concurrently filed verified notice of exemption in <u>Itawamba
County Railroad Authority—Acquisition Exemption—Mississippian Railway, </u>Docket
No. FD 36093, in which ICRA seeks Board approval under 49 C.F.R. §&nbsp;1150.31
to acquire the Line from the Itawamba County Port Commission (ICPC).  IMR and
ICRA have entered into a five-year lease agreement under which IMR will lease
and operate the Line. </p>

<p class=MsoNormal style='text-indent:.5in;line-height:200%'><span
style='color:black;background:white'>IMR certifies that the projected annual
revenues as a result of this transaction will not result in IMR’s becoming a
Class I or Class II rail carrier and will not exceed $5&nbsp;million.  IMR certifies
also that</span> the lease between IMA and ICRA does not involve any provision or
agreement that would limit future interchange of traffic with a third-party
connecting carrier.  </p>

<p class=MsoNormal style='text-indent:.5in;line-height:200%;background:white'>The
proposed transaction may be consummated on or after February 18, 2017, the
effective date of this exemption (30 days after the verified notice was filed). 
If the verified notice contains false or misleading information, the exemption
is void ab initio.  Petitions to revoke the exemption under 49&nbsp;U.S.C.
§&nbsp;10502(d) may be filed at any time.  The filing of a petition to revoke
will not automatically stay the effectiveness of the exemption.  Petitions to
stay must be filed by February 10, 2017 (at least seven days before the
exemption becomes effective).</p>

<p class=MsoNormal style='text-indent:.5in;line-height:200%;background:white'>An
original and 10 copies of all pleadings, referring to Docket No. FD&nbsp;36094,
must be filed with the Surface Transportation Board, 395 E Street, S.W.,
Washington, DC  20423-0001.  In addition, a copy of each pleading must be
served on applicant’s representative, Rodney M. Love, Mississippi Department of
Transportation, 401 North West Street, Suite 9500, Jackson, MS  39201.</p>

<p class=MsoNormal style='text-indent:.5in;line-height:200%;background:white'>According
to IMR, this action is categorically excluded from environmental reporting
under 49 C.F.R. § 1105.6(c).</p>

<p class=MsoNormal style='text-indent:.5in;line-height:200%;background:white'>Board
decisions and notices are available on our website at “WWW.STB.GOV.”</p>

<p class=MsoNormal style='text-indent:.5in;line-height:200%;background:white'>Decided: 
January 30, 2017.</p>

<p class=MsoNormal style='text-indent:.5in;line-height:200%;background:white'>By
the Board, Rachel D. Campbell, Director, Office of Proceedings.</p>

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