File #: R-1819-42    Version: 3 Name: Regional Transit Authority Resolution
Type: Resolution Status: Passed
File created: 10/17/2018 In control: City Council
On agenda: 10/23/2018 Final action: 10/23/2018
Title: RESOLUTION R-1819-42: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, AUTHORIZING EXECUTION OF THE TRUST AGREEMENT AND INDENTURE OF THE REGIONAL TRANSPORTATION AUTHORITY OF CENTRAL OKLAHOMA.
Attachments: 1. Text File, 2. RTA Resolution, 3. Holmes & Assoc Summary, 4. Draft Trust Agmt & Indenture
Title
RESOLUTION R-1819-42: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, AUTHORIZING EXECUTION OF THE TRUST AGREEMENT AND INDENTURE OF THE REGIONAL TRANSPORTATION AUTHORITY OF CENTRAL OKLAHOMA.

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BACKGROUND: The Association of Central Oklahoma Governments ("ACOG") and its member cities began talking about the development of regional transit opportunities several years ago. In 2009, the Regional Transit Dialogue was established and led by a steering committee of locally elected officials and volunteer private sector representatives. The purpose of the steering committee was to discuss, analyze, design and develop a regional public transportation system. In 2010, ACOG, the Central Oklahoma Transportation and Parking Authority ("COTPA") and the City of Oklahoma City partnered to commission a study to assess the best location and conceptual lay-out for an intermodal transportation hub facility that could accommodate COTPA's fixed-route bus service, possible future bus transit improvements, potential commuter rail lines to Edmond, Midwest City and Norman, and potential future high speed rail. This plan was completed in June 2011.

In 2013, ACOG initiated the Central Oklahoma Commuter Corridors Study to lay the foundation for an integrated, high-capacity, commuter system connecting the metro communities for employment, entertainment and housing opportunities. The goal of this study was to identify the most suitable transit technology and route alignment. This study is in its final stages. The commuter corridor that would serve Moore and Norman would extend from Downtown Oklahoma City to Downtown Norman. Several stations are envisioned in Norman - one near Tecumseh Road, one in Downtown Norman at the Amtrak station, one north of Highway 9 and potentially a special events stop near the OU Campus.

In May 2014, the City of Norman adopted its first Comprehensive Transportation Plan. During the development of the Plan, a Transit Subcommittee was app...

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