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R-99-11 <br /> <br />A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE, ON <br />BEHALF OF THE CITY OF PORTSMOUTH, A DEFINITIVE MERGER <br />AGREEMENT AMONG THE PENINSULA TRANSPORTATION DISTRICT <br />COMMISSION, THE TIDEWATER TRANSPORTATION DISTRICT <br />COMMISSION, AND THE COMPONENT GOVERNMENTS OF THE <br />COMMISSIONS. <br /> <br /> WHEREAS, the Peninsula Transportation District Commission was created by <br />proper ordinances adopted by the City of Hampton and the City of Newport News in <br />accordance with provisions of Chapter 32, Title 15.1 of the Code of V irginia <br />Transportation District Act of 1964, as amended, and is the owner and operator of mass <br />transit equipment and facilities in the City of Hampton and the City of Newport News; <br />and <br /> <br /> WHEREAS, the Tidewater Transportation District Commission was created by <br />proper ordinances adopted by the City of Chesapeake, the City of Norfolk, the City of <br />Portsmouth, the City of Suffolk, and the City of Virginia Beach in accordance with <br />provisions of Chapter 32, Title 15.1 of the Code of Virginia, Transportation District Act <br />of 1964, as amended, and is the owner and operator of mass transit equipment and <br />facilities in the City of Chesapeake, the City of Norfolk, the City of Portsmouth, the City <br />of Suffolk, and the City of Virginia Beach; and <br /> <br /> WHEREAS, in order to achieve substantial economies of scale, have a stronger <br />voice in federal and state government affairs, reduce the number and increase the <br />efficiency of local government agencies in delivering transit services, and begin the <br />process of creating a strong regional identity for the Hampton Roads area, the Peninsula <br />and Tidewater Transportation District Commissions have determined that a new regional <br />transportation district should be created and organized to serve the geographic areas of <br />the cities which are members of the Commission. (hereinafter "Component <br />Governments") in accordance with the Transportation Act. and the Transportation <br />District Commissions have entered into a non-binding memorandum of intent dated June <br />6, 1996. which set forth the principal terms and conditions for the new transportation <br />district, to be named the Hampton Roads Transportation District: and <br /> <br /> WHEREAS, the functions, affairs, and property of the new district will be <br />managed and controlled by a commission to be named the Hampton Roads <br />Transportation District Commission: and <br /> <br /> WHEREAS. the Component Governments (except the City of Virginia Beach <br />have approved the actions of the Peninsula and Tidewater Transportation District <br />Commissions in entering into the memorandum of intent; and <br /> <br /> WHEREAS, the Component Governments [except the City of Virginia Beach] <br />have indicated their respective intent to adopt the appropriate ordinances creating the <br />Hampton Roads Transportation District and the Hampton Roads Transportation District <br /> <br /> <br />