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CITY OF NORTH OLMSTED RESOLUTION N0. 87-107 BY: M. YVONNE PETRIGAC AN RESOLUTION ACCEPTING THE FINAL REPORT OF THE AUDITING FIRM OF PEAT, MARWICK, MAIN WHICH REPORT WAS CONDUCTED UNDER THE AUSPICES OF N.O.A.C.A., WITH FUNDING FROM THE UBRAN MASS TRANSPORTATION ADMINISTRATION DEALING WITH THE COMPARISON OF THE CITY OF NORTH OLMSTED AND THE GREATER CLEVELAND REGIONAL TRANSIT AUTHORITY RELATIVE TO COST OF OPERATING TRANSIT SERVICE AND DECLARING AN EMERGENCY. WHEREAS, The City of North Olmsted entered into an operating agreement with the Greater Cleveland Regional Transit Authority (GCRTA) in 1975 for the purpose of operating transit services in North Olmsted and the surrounding area; and WHEREAS, numerous disputes arose thereafter concerning the right of North Olmsted to operate its' transit system; and WHEREAS, after numerous battles in the court system, the GCRTA announced that they were going to run parallel and competing lines in an effort to assume control of transit lines within the City of North Olmsted; and WHEREAS, the City of North Olmsted asserted in 1985 that the City was of the opinion that they could operate transit on a more cost effective basis than the GCRTA; and WHEREAS, through the intervention of UMTA and NOACA a cost study was authorized with all parties, including the City of Maple Heights agreeing to be bound by the results of the audit; and WHEREAS, in September of 1987 the audit was complete and recommendations were proferred and it is the desire of the City to accept said audit and to be bound by same. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA AND STATE OF OHIO: SECTION 1: That this Council does hereby accept the results of the audit conducted by the accounting firm of Peat, Marwick, Main sponsored by NOACA and paid for by a grant from UMTA._