MARQUETTE, MI— The Marquette City Commission has accepted an amended agreement with Eagle Mine for the company to use city streets for hauling.
The original agreement included identification of the route, characterization of haul traffic, and a schedule of payments to be made for maintenance and capital improvements.
Eagle wants to extend the agreement due to an extension in the life of the mine. In return, Eagle will give the City a $2.7 million lump sum upon execution of the agreement and will pay up to $134,000 per year from 2025-28, depending on use.
At Monday night’s meeting, Commissioner Fred Stonehouse said the new deal was a good one.
“I think it’s a fair change to the agreement. The basic agreement has served the city very well. This extension, I think, will continue to do so.”
The City could receive up to an additional $621,907, depending on corridor usage and the extended life of the Eagle Mine.
