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Council approves O-Line financing, agrees to host National League of Cities 2029 and sets airport bond hearing
Summary
At a regularly scheduled meeting, Charlotte City Council approved direct installment financing for the Norfolk Southern O Line Corridor acquisition, authorized the city to host the National League of Cities 2029 summit, approved an upset-bid process for a small parcel near North Brevard, and set a public hearing on airport bond financing.
Charlotte City Council approved several procedural and financing actions during its business meeting.
The council adopted a resolution authorizing a directly placed installment financing contract for the Norfolk Southern O Line Corridor acquisition in an amount not to exceed $93,000,000. The motion was moved and seconded; the council voted to approve the financing with no members recorded as opposed.
The council also adopted a resolution to host the National League of Cities 2029 City Summit in Charlotte. Councilmember James Mitchell moved the measure and Councilmember Marjorie Molina seconded; the motion passed without opposition.
Separately, council approved an upset-bid process and directed the city clerk to publish notice for the proposed sale of a…
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