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RESOLUTION R-2021-24: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, ESTABLISHING AND DECLARING ITS OFFICIAL INTENT TO REIMBURSE THE CAPITAL FUND OF THE CITY FOR PRELIMINARY CAPITAL EXPENDITURES INCURRED IN THE DESIGN, CONSTRUCTING, AND EQUIPPING OF THE PROPOSED TRANSIT AND FIRE MAINTENANCE FACILITY OUT OF A PORTION OF THE PROCEEDS OF THE SERIES 2020 GENERAL OBLIGATION BONDS OF THE CITY OF NORMAN.
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BACKGROUND: The City of Norman assumed operation of the public transportation system in the Norman area on July 1, 2019. The City contracted with the University of Oklahoma (OU) to provide operational services through August 2, 2019. On August 5, 2019, the City's third-party contractor, the Central Oklahoma Transportation and Parking Authority (COTPA), doing business as EMBARK, began operation of the City's fixed routes. On July 30, 2019, the Council approved Contract K-1920-32, leasing a portion of University-owned property located at 510 Chesapeake, commonly referred to as the OU Transportation Operations Center, for office space, maintenance bays, and fleet storage, until December 31, 2019. On December 10, 2019, the City and the University extended that lease agreement until June 30, 2020, and on April 28, 2020, this lease was further extended until December 31, 2020. OU desires to utilize its Transportation Operations Center for its own purposes, and desires that the City vacate these leased premises as of December 31, 2020.
Estimates for the design and construction of a Transit/Fire Maintenance Facility to be located on City-owned property west of Flood Avenue and south of Da Vinci Street, total $8.1 million. It is anticipated that $5.1 million of this project will be funded with Federal Transportation Administration funds allocated through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, leaving approximately $3 million to be funded by the City. Approximately $870,000 for this project will be funded by the Fire Sto...
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