2005-16 Ordinance - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 2005 --/,1 APPROVING THE MASS TRANSIT SYSTEM TRANSFER AGREEMENT AND AUTHORIZING THE GENERAL MANAGER /SECRETARY- TREASURER TO EXECUTE A MASS TRANSIT SYSTEM TRANSFER AGREEMENT AND OTHER DOCUMENTS NECESSARY TO COMPLETE THE TRANSFER OF THE NORTH OLMSTED MUNICIPAL BUS LINE FROM THE CITY OF NORTH OLMSTED TO THE GREATER CLEVELAND REGIONAL TRANSIT AUTHORITY. Whereas, the Greater Cleveland Regional Transit Authority ( "Authority ") was established for the purpose of providing public transit service throughout Cuyahoga County; and Whereas, this Board has determined that it is the best economic interest of the Authority and the residents of Cuyahoga County to conclude a mass transit system transfer agreement with the City of North Olmsted; and Whereas, the North Olmsted City Council is to consider the proposed Mass Transit Transfer Agreement for a third reading on March 15, 2005; and Whereas, the Authority has submitted an Employee Protection Agreement and Transition Agreement to the represented employees of the North Olmsted Municipal Bus Line. NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Greater Cleveland Regional Transit Authority, Cuyahoga County, Ohio: Section 1. That the Authority hereby approves and accepts the Mass Transit System Transfer Agreement attached hereto. Section 2. That the General Manager /Secretary- Treasurer be and he is hereby authorized and directed to execute and deliver in the name of and in behalf of the Authority the Mass Transit System Transfer Agreement, approve the Schedules and Exhibits attached thereto, and to execute such other documents as may be necessary to effectuate the transactions contemplated by the Mass Transit System Transfer Agreement, all in substantially the form of the documents presented to the Board of Trustees, with any insubstantial changes therein as the General Manager /Secretary- Treasurer determines to be appropriate. Section 3. That the expenditure of Seven Hundred Fifty Thousand Dollars ($750,000) payable from the General Fund in such amounts and at such times set forth in the Mass Transit System Transfer Agreement is hereby authorized and approved. Section 4. The authority set forth herein to execute the Mass Transit System Transfer Agreement is contingent upon duly enacted legislation by the City of North Olmsted and execution, not later than March 18, 2005, of the agreement contemplated herein. Section 5. That the authority set forth in this resolution is contingent upon the execution of an Employee Protection Agreement and Transition Agreement in substantially . EXHIBIT 4 Lys N ,TF 6V x r x`?