ITTS Freight in the Southeast Conference Charlotte, North Carolina February 9, 2011

Allows two or more cities or counties to acquire, equip, construct, maintain and operate Regional Intermodal Freight Transportation Facilities.

KEY FEATURES:  Operate Foreign Trade Zones or Sub-Zones  Issue Revenue/Industrial Development Bonds  Establish Improvement Districts  Has Eminent Domain Capability  Levy Taxes/Collect Fees on Users  Is Exempt from State, County and City Taxes  Allows Members to Combine Funds for Projects

STEPS TO FORM AN AUTHORITY:  Ordinance to Participate by Each City or County  Agreement to Form Authority by Cities and Counties  Agreement Filed with Secretary of State  Board Appointments/Election of Officers  Adoption of By-Laws

KEY INITIAL STEPS:  Establish Committees Finance / Public Relations / Infrastructure  Select Consultants Engineering / Legal Counsel / Accounting  Develop Partnerships Economic Development Agencies / Shippers / Industries / Chambers of Commerce

AUTHORITY ACTIVITIES:  Planning/Design  Master Site Plans  Environmental Assessments  Market Studies  Financing  Federal/State Grant Applications  Construction Projects  Access Roads  Rail Spurs  Water and Sewer  Buildings