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CONTRACT K-1920-86: A FUND DISBURSEMENT AGREEMENT BETWEEN THE CITY OF NORMAN, OKLAHOMA, AND THE NORMAN REGIONAL HOSPITAL AUTHORITY PROVIDING FOR THE NORMAN REGIONAL HOSPITAL AUTHORITY'S ANNUAL PAYMENT OF FIFTY THOUSAND DOLLARS ($50,000) PAYABLE QUARTERLY TO BE USED FOR THE PROVISION OF PARATRANSIT SERVICES IN CONSIDERATION FOR THE CITY OF NORMAN'S PROVISION OF QUARTERLY PARATRANSIT RIDERSHIP REPORTS.
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BACKGROUND: For many years, the Norman Regional Hospital Authority ("NRH") has provided funding to the University of Oklahoma to assist with the costs of operating a public transportation system throughout the City of Norman (operating under the name of Cleveland Area Rapid Transportation or "CART"), which provided transportation, including paratransit services, to patients and other members of the public visiting NRH sites. The City of Norman ("City") has taken over the operation of public transportation services in the Norman area, including the provision of paratransit services. This fund disbursement agreement provides that NRH will pay the City an annual sum of Fifty Thousand Dollars ($50,000), payable quarterly, in exchange for paratransit ridership reports of patrons to NRH sites.
DISCUSSION: Contract K-1920-86 provides that NRH will pay to the City an annual sum of Fifty Thousand Dollars ($50,000), payable quarterly, to be used for the provision of paratransit services in exchange for the City's provision of quarterly paratransit ridership reports to NRH of patrons to NRH sites. The Agreement provides that the City will invoice NRH quarterly and that NRH shall submit quarterly payments of Twelve Thousand Five Hundred Dollars ($12,500) within thirty (30) days after receipt of the invoice. The annual contract is renewable automatically, subject to sufficient funding by NRH and the Norman City Council. The agreement may be terminated by either party by providing ninety (90) days written notice to the other party.
RECOMMENDATION: This ag...
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