| the real beneficiary of our financial and environmental sacrifice |
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| 2006 - NCRA AWARDS NWP Co. A RAILROAD MONOPOLY |
September 14, 2006
NCRA APPROVES OPERATOR CONTRACT
North Coast Railroad Authority (NCRA) Chairman, Allan Hemphill, today announced that the NCRA has unanimously approved a 5 year contract with the Northwestern Pacific Railroad Company (NWP Co.). NWP is committed to investing in this venture, as we are confident the time is right to return the railroad to the profitability it enjoyed for many years.
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| NCRA Selects NWP |
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| THE NCRA WANTS TO SPEND ANOTHER $151TO $500 MILLION SO THE PRIVATE NWP Co. CAN TRY TO MAKE A PROFIT |
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February 15, 2007
North Coast Railroad Authority
"NCRA has adopted a policy of reopening the entire Northwestern Pacific Railroad Line from Lombard to Arcata/Samoa. Reopening the entire line is currently estimated to cost between $151 million and $500 million depending on the volume of traffic and the level and timing of repair."
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| NCRA Update 2007 |
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| DO THESE SUCCESSFUL BUSINESS MEN REALLY THINK THE RAILROAD CAN MAKE A PROFIT ? |
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October 24, 2006
NORTHWESTERN PACIFIC RAILROAD COMPANY
BUSINESS PLAN
The group of individuals and entities that own NWP Co. is best equipped to meet the corporate objectives stated above because of the combined financial strength, relevant experience, and strategic partnerships that its members bring to the organization. Key members include:
H. Skip Berg: As owner of Berg Holdings, which is the Property Manager and Developer of Port Sonoma
R. Allen Ennis, Jr.: CEO of Evergreen Natural Resources, developer of the Island Mountain Rock Quarry
Douglas H. Bosco, Attorney, NWP Co.’s General Counsel
John H. Williams: President of the Woodside Consulting Group, Inc
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| NWP Business Plan |
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| IT HELPS WHEN YOU ARE BOTH THE CARRIER AND THE CUSTOMER |
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October 24, 2006
NORTHWESTERN PACIFIC RAILROAD COMPANY
BUSINESS PLAN
It is expected by NWP Co. that a larger but fully qualified Management Team will be installed at NWP Co. prior to the commencement of the movement of high volumes of Island Mountain aggregate, in order to efficiently and effectively manage the continuing operations on the NWP Line.
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| NWP Business Plan |
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October 24, 2006
NORTHWESTERN PACIFIC RAILROAD COMPANY
BUSINESS PLAN
Eel River Division Freight Traffic
It is NWP Co.’s opinion that the best near-term prospect for additional traffic is the Island Mountain aggregate. As demonstrated by its inclusion in NWP Co.’s corporate structure, Evergreen Natural Resources (ENR) will be a full participant in NWP Co.’s efforts to attract that traffic. At present, ENR is actively involved in the permitting process for developing a prime-grade aggregate quarry that is projected to have a minimum production rate of six million tons per year.....
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| NWP Business Plan |
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| THEY STILL GET TO TRANSPORT SOLID WASTE VIA THE CHEAP RAILROAD |
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October 24, 2006
NORTHWESTERN PACIFIC RAILROAD COMPANY
BUSINESS PLAN
Executing a long-term contract for handling Sonoma County solid waste will be a high priority for NWP Co. during the first two years of its operations. NWP Co. is believed to have a strategic advantage because of its exclusive right to negotiate to use a solid waste site in Nevada owned by Nevada Resource Recovery Group, LLC that has a capacity of about 200 million tons. NWP Co.’s longer term objective would be to meld solid waste haulage from Mendocino County, and eventually from Marin County and Humboldt County, with that of Sonoma County to the Nevada disposal site which could accommodate all of those counties’ solid waste for more than 200 years.
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| NWP Business Plan |
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| THEY MAY EVEN MAKE MONEY SELLING OFF RAILROAD ASSETS |
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March 14, 2007
Meeting Minutes NCRA
Operator’s Report - John Williams – NWP Co.
Mr. Williams said that he took people from Berg Holdings on a tour of the real estate that is owned by NCRA in Humboldt County. He said that Berg Holdings is one of the most successful real estate companies in the country. He said that they will be reviewing the NCRA property with an eye toward taking maximum financial advantage of the NCRA property holdings that are not needed for rail operations.
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| NCRA Board |
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| NO PROFITS = NO LEASE PAYMENTS TO NCRA |
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October 24, 2006
NORTHWESTERN PACIFIC RAILROAD COMPANY
BUSINESS PLAN
NWP Co. shall make annual Lease Payments in the amount of 20% of its Net Income, as determined by STB and GAAP accounting principles, commencing in the first year after NWP Co. has generated positive Net Income in excess of $5.0 million, subject to the Maximum Required Balance of $20.0 million, adjusted for inflation.
We project the following NWP Co. Net Income (Loss) After Income Taxes from operation of the Russian River Division:
Year 1: $(653,740)
Year 2: $(135,406)
Year 3: $662,862
Year 4: $686,254
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| NWP Business Plan |
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| AND THEY SURE ARE MOTIVATED TO KEEP IT ALIVE ! |
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March 14, 2007
Meeting Minutes NCRA
Operator’s Report - John Williams – NWP Co.
John Williams – NWP Co. told the Board that his plan is to repair the railroad all the way to Humboldt County. He said that he is continuing to advance funds so that NCRA can pay vendors under the TCRP project. He said that he is willing to provide security for the Sonoma County Bridge Loan.
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| NCRA Board |
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| IF THE NCRA IS LUCKY - MAY RECEIVE ALMOST HALF OF THE NEGOTIATED ADMIN FEE |
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October 24, 2006
NORTHWESTERN PACIFIC RAILROAD COMPANY
BUSINESS PLAN
The Lease Agreement between NCRA and NWP Co. provides that the Lease Payment Fund will make maximum annual Administrative Payments to NCRA of $1.0 million per year, adjusted for inflation. The maximum annual Administrative Payment to be paid to NCRA shall be reduced by the total of all of NCRA’s income from other sources, including but not limited to its income from real estate leases and fees, easements, crossing fees and charges, proceeds from the sale of its assets, and its boxcar lease, which the parties calculate at this time to total about $500,000.
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| NWP Business Plan |
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