Title
CONTRACT K-2021-74: A PURCHASE AND SALE AGREEMENT BY AND BETWEEN THE CITY OF NORMAN, OKLAHOMA, AND JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, IN THE AMOUNT OF $535,000 FOR THE PURCHASE OF REAL PROPERTY LOCATED AT 318 EAST COMANCHE STREET PLUS CLOSING AND RELATED COSTS FOR USE AS A TRANSIT TRANSFER FACILITY.
Body
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 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 City leased a portion of University-owned property located at 510 Chesapeake, commonly referred to at the OU Transportation Operations Center, for office space, maintenance bays, and fleet storage, which lease is currently valid effective through December 31, 2020.
On December 1, 2020, this Council approved Amendment No. 3 to Contract K-1920-32, which extended that lease agreement through September 30, 2021 or until North Base Complex Project, Phase I, is complete. The North Base Complete Project, Phase I, will be constructed adjacent to the City Service Facility in the vicinity of North Flood Avenue at Da Vinci Street ("North Base"), and will house the Park Maintenance Division staff and fleet; provide for public transportation (bus) fleet maintenance and staff services; and provide for public safety-related heavy equipment fleet services. The City Council recently approved Contract K-2021-35 with Flintco, L.L.C. for the construction of North Base Complete Project, Phase I, with a projected substantial completion date of July 30, 2020.
DISCUSSION: The current transfer station for the City's transit fleet is located East Brooks St. in Norman next to the University of Oklahoma Duck Pond. OU and the City ...
Click here for full text