Authority Formation. The County, upon the AATA’s written request, will create a new Act 196 authority by approving, signing and filing articles of incorporation (“Articles”) in substantially the form attached as Exhibit A. Prior to the submission of any request by AATA to County to initiate formation of a public authority all of the following must occur: (i) AATA will publish details of the service and funding plan in newspaper(s) of general circulation in the Washtenaw County, (ii) the Articles of Incorporation in the form presented for approval by the County shall be separately adopted by Xxx Arbor and Ypsilanti by affirmative vote of the respective governing bodies. No transfer of assets to the New TA from AATA shall occur unless and until all contingencies stated in Section 4 of this Agreement and any and all conditions which may be established in the Articles of Incorporation have been met.
Authority Formation. The County, upon the AATA’s written request and authorization of the governing bodies of Xxx Arbor and AATA terminating their operational relationship in favor of the New TA, will create a new Act 196 authority by approving, signing and filing articles of incorporation in substantially the form attached as Exhibit A. AATA will publish details of the service and funding plan in paper(s) of record before requesting the articles to be filed.
Authority Formation. ARTICLE 1o
Authority Formation. SECTION 3.01: CREATION, NAME, PURPOSES, AND POWERS The Washtenaw County Board of Commissioners hereby creates a public transportation authority pursuant to Act 196. The Authority shall be a public body corporate and shall be known and exercise its powers under the title of “The Washtenaw Ride” or other such names as decided by its board of directors. Upon succeeding to the AATA as described in Section 3.07, the Authority has the power to use the names “The Ride”, “Xxx Arbor Transportation Authority”, and any other name owned by AATA. The Authority is created for the purpose of providing public transportation services under Act 196. The Authority shall possess all of the powers articulated in these articles, Act 196, and as provided in the Public Transportation Agreement between the Xxx Arbor Transportation Authority, The Cities of Xxx Arbor and Ypsilanti and the County of Washtenaw, dated , 2012.
Authority Formation. The County, upon the AATA’s written request and authorization of the governing bodies of Xxx Arbor and AATA terminating their operational relationship in favor of the New TA, will create a new Act 196 authority by approving, signing and filing articles of incorporation (“Articles”) in substantially the form attached as Exhibit A. Prior to the submission of any request by AATA to County to initiate formation of a public authority, all of the following must occur: (i) AATA will publish details of the service and funding plan in newspaper(s) of general circulation in the Washtenaw County before requesting the Articles be approved by the County and filed in accordance with provisions of Act 196. (ii) the articles of incorporation in the form presented for approval by the County shall be separately adopted by Xxx Arbor and Ypsilanti by affirmative vote of the respective governing bodies. No transfer of assets to the new TA from AATA shall occur unless and until all contingencies stated in Section 4 of this agreement and any and all conditions which may be established in the articles have been met..Before the closing, AATA retains full authority and control over the conduct of its business. The New TA, after incorporating, would not own or operate public transportation services until the contingencies of this agreement are met. After the transfer of assets described in Section 4, AATA and Xxx Arbor will terminate their operational relationship in favor of the NEW TA.
Authority Formation. The County, upon the AATA’s written request and authorization of the governing bodies of Xxx Arbor and AATA terminating their operational relationship in favor of the New TA, will create a new Act 196 authority by approving, signing and filing articles of incorporation (“Articles”) in substantially the form attached as Exhibit A. AATA will publish details of the service and funding plan in newspaper(s) of general circulation in the Washtenaw County before requesting the Articles be approved by the County and filed in accordance with provisions of Act 196 City Transportation Millages. Xxx Arbor agrees, subject to the Paragraph 8 below, to designate the New TA, as successor to AATA, as the contracting agency for use of the 2.5 xxxxx tax xxxx under Section 8.18 of the Xxx Arbor City Charter and allocated the tax levy in its entirely to AATA at the 2012 millage rate or as adjusted by State of Michigan statute less a municipal service charge of one percent (1%) of the annual millage at the time of the collection of taxes. Such designation shall become effective if and when all of the following occurs: (i) the New TA succeeds to AATA’s public transportation services under the terms of this Agreement; and (ii) if alternate funding sources are elected to fund the NEW TA which do not require voter approval, evidence of sufficient funding to support the continued and uninterrupted level of services provided by its predecessor-in-interest, AATA satisfactory to the City. Ypsilanti agrees, subject to Paragraph 8 below, to transfer its full respective transportation millages, less a municipal service charge of one percent (1%) at the 2012 millage rate or as adjusted by State of Michigan statute to the New TA effective when the New TA succeeds to AATA’s public transportation services. Transfer of Assets. AATA will transfer to New TA at closing all assets then owned by AATA, including, without limitation, all rights to the names “Xxx Arbor Transportation Authority”. New TA will accept the transfer of those assets subject to all obligations and liabilities regarding those assets existing at the time of the transfer. Assumption of Liabilities. New TA will assume at closing all liabilities of AATA existing at the time of closing.
Authority Formation
