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HomeMy WebLinkAboutRes 2003-11 RESOLUTION NO. 2003-11 SUPPORTING THE METRO SOLUTIONS TRANSIT SYSTEM PLAN AND THE DECISION OF THE BOARD OF DIRECTORS TO SEEK VOTER APPROVAL FOR THE ISSUANCE OF BONDS, NOTES AND OTHER OBLIGATIONS, IN AN AGGREGATE PRINCIPLE AMOUNT NOT TO EXCEED $640rOOO,OOO FOR IMPLEMENTATION OF THE METRO SOLUTIONS TRANSIT SYSTEM PLANt ALL AS PROVIDED IN METRO RESOLUTIONS 2003-77 AND 2003-93; AND MAKING FINDINGS AND PROVISIONS RELATIVE TO THE SUBJECT. WHEREAS, the Metropolitan Transit Authority of Harris county, Texas ("METRO") was created pursuant to chapter 141, Acts of the 63rd Legislature of the State of Texas, Regular Session. 1973 (Article 1118x, Vernon Texas Civil Statutes, as amended t now cod ified as Chapter 451, Transportation Code} as amended, (the uMETRO Act'J) and was confirmed at a confirmation and tax election held on August 12, 1978~ in accordance with the METRO Act; and WHEREAS, by way of METRO Resolution 2003-75, the METRO Board of Directors adopted a comprehensive regional transit plan, the METRO Solutions Transit System Plan (UMETRO Solutionstl)J which includes increased bus routes, expanded Park & Ride service, buses. new Park & Ride lots, transit centers, shelters~ and other bus-related facilitiesr and extensions and new segments of METRORail and other rail-related facilities; and WHEREAS, METRO has participated in numerous meetings with stakeholdersr business and civic groups, public officials and members of the public to provide information and receive the public's yiews regarding METRO Solutions; and WHEREAS, the City has carefully reviewed METRO Solutions and finds that METRO Solutions offers the best framework for the development of transit services that win address regional needs at this time; and WHEREAS, by way of METRO Resolutions 2003-77 and 2003-93J the METRO Board of Directors has called an election to be held on November 4, 2003 to determine the voters' will on the issuance of bonds, notes and other obligations for the implementation of the Phase II component of METRO Solutions, including METRO's continued dedication of 25% of its sales and use tax revenues for street improvements and general mobility projects through September 30, 2014; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST UNIVERSITY PLACE, TEXAS THAT: Section 1. the City hereby supports the METRO Solutions Transit System Plan and supports the decision of the METRO Board of Directors to seek voter approval for the issuance of bonds, notes and other obligations, in an aggregate principle amount not to exceed $640,000,000, for construction of extensions to METRORail and for implementation of the Phase II component of METRO Solutions, all as provided in METRO Resolutions 2003-77 and 2003-93~ Section 2. This resolution is effective immediately upon passage. I"~ .-}-. 1 .., L. PASSED and APPROVED on ~ \:) ll~/t.. rvl,; t If~'\:. 7 ,2003 I . ? //) ,vL i'i~~J Ii&- Bu BaUanfant) Ma'1 r City of West University Place, Texas