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Title:
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RESOLUTION R-1819-122: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, REQUESTING APPROVAL FROM THE FEDERAL TRANSIT ADMINISTRATION TO ACCEPT THE TRANSFER OF FEDERALLY-FUNDED PROJECT ASSETS CURRENTLY OWNED AND OPERATED BY THE UNIVERSITY OF OKLAHOMA, INCLUDING THE TRANSFER OF OPEN FEDERAL TRANSIT GRANTS, AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE NECESSARY APPROPRIATE CONTRACTS AND INSTRUMENTS TO CARRY OUT THE TRANSFER OF THE PROJECT ASSETS AND GRANTS AND TO NEGOTIATE WITH THE UNIVERSITY OF OKLAHOMA A FAIR VALUE FOR THE UNIVERSITY-FUNDED PROPORTION OF TRANSFERRED ASSETS.
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