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I��vern�r 17, 1977 # 9 � x�zzrz�za�
%'r :�'Q��: AL�FiORIZE At�QUISITION OF CITY T'RA:tSZl LINES, I1�IC.
rtv'IT:�'`�,D F3Y: D�A�T OF U01`�S�'i IUNITY DE'tT�tAPi�IE�IT
t��HF'ct��.S, City Transit Lines, Inc. has infor,nzd the City o� Oshkosh that it
�:c, tar:�; `-r wish�s to provide mass transit se�--vice in the City of Oshkosh �ftes
lC;�c:�lr'�er 3i, 1977; and
��;E�I�AS, local, State and Federal goverr_-rents are alI �ncerned w�th the
�t�r�.�,e�,-c,�fs.o:� of m.ass .txansit service in urb�*t corramzni.ties; and
�vt-�u.uF'.,�,, the ci.�tizens of the City of Osn_'{osh have taken the position
t i:�t th� Cy��r �f Oshkosh should continue to hav� mass transit serzr�ce in an
.P�.L�.risory Ref�xendum held in November, 1976; and
�rL�?�".AS, ttie City of Oshlcosh and City Transit Lines, Inc. have both
�b�air.� individual appraisals of the offerel land, buildings and equi�enent
�nd ��ie r..eqotiated pur�hase price of the la�!d, buildings and equipment has
?�eri e, tab �ished at $273,546. 00, subject to minor adjustrc�nts of cer`ain
inv�ritorv itE�Tns; and -
E��R�:AS � thz purc; ase of said property a:�d equipnent is contiriqent up�n
�����i �vai bv 'G,I�be Fer3eral gov�rn.m�nt of the City's a�plication for a Federal
G�p.-i �l Gra:it and tha� the afore�nticned p�.�chas� grice be ii'?C)_13l�� � r tt�,�.
�ctat ::�st o� �Yle i:ity's Nt�ss Transit Acquisition Project t� be sub;--nittec? to
tn� Fe�f=ral qovernn�nt in t-h� grant applica�on; and
,�'H�RE.�S, the City of Oshkosh is in th� process of filing for a Federal
t3rczn�� urder. the UR�AN MASS TRANSPORTA'�ION ACT OF 1964, as Ar,nen�2d and the City
is r.-��;nziY�d by Fede.�.l .l�:v, � as a requiremen� for receiving Fecl�.rat farids, to
ac�e�.� -�� s�x���ort the mass transit system for a period of at least five (5)
ye��r.�: ;
i��?;�7 T'��OR�,, BE IT Ft�.SQLVED by the Co-:mon Council of the City af ashkosh
��h_�t ��h� pr:��er City officzals are hereby au�ho.rized and ct�rected -�o purchase
�L.� orfer�ci lan�,. buildi.n.gs and eqtiipm�nt o� City Transi.t Lines, Inc_ at the
�.;�e=:�� � ��n pt�ch.�e pricc�, subject to the a3justrnents mentioned, all
t.::>„ting�:�r.t u�.�on fav-�rable action on the City's application for Urlaan Mass
'i�caz i: �r;ortati.o: � ti.� � Capital �GranE �inds .
- 9q -
e
RESOLLP'I�ON - authorize
acquisition of City Transit
�°s. Inc_
B�: IT FURTHER RESOLUED that the City of Os'nkosh agrees to support
fin�iciall.y and to �e� alI operating d�ticits of the pubLic mass transit
system ror at least the next fiva (5) ye.ars;
BE Ii �'L�R RESOLVID that the City of Oshknsh shalZ make ar,,plication
for any available State and/or Federal ope�ati�g assistance
thi.s fivz (5) y� p�� whic,h will asszat the Ci. PzO�'anns during
nf �h� o�z�ting deficits. tY in Iessening zts sh�xe
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