19730410 r-73-6 RESOLUTION NO. R-73-6
RESOLUTION AUTHORIZING EXPENDITURE OF FUNDS BY THE
NORTHERN VIRGINIA TRANSPORTATION COMMISSION
WHEREAS, a certain Memorandum of Agreement dated
September 5, 1972, was executed by and between the State Highway
Commission of Virginia; the Governing Bodies of the Counties of
Arlington and Fairfax, the Cities of Alexandria, Fairfax and Falls
Church; and the Northern Virginia Transportation Commission, a
copy of which is attached hereto and made a part hereof; and
WHEREAS, Section 33.1-46.1, of the Code of Virginia, as
amended, by an act of the General Assembly of 1972 (H-665), pro-
vides that the Commission may contract with the Local Governing
Bodies comprising a transportation district for the accomplishment
of a project to which funds have been allocated for highway aid to
mass transit facilities and may make such funds available to the
contracting governing bodies in annual increments which may be used
for other transit purposes until such funds are needed for the pro-
ject for which allocated; and
WHEREAS, the aforestated Memorandum of Agreement autho-
rized the State Highway Commission to pay annual allocations pursu-
ant to its revised ten year program ("Virginia Roads and Streets,
1972-1982") in the total amount of Thirty-five Million Dollars
($35,000,000) to the Northern Virginia Transportation Commission for
use for transit purposes as permitted by Section 33.1-46.1 of the
Code of Virginia; and
WHEREAS, pursuant to the aforesaid Memorandum of Agree-
ment, the Northern Virginia Transportation Commission has received
Three Million ($3,000,000) from the State Highway Commission during
fiscal year 1973; and.
WHEREAS, the Northern Virginia Transportation Commission
has authorized its Executive Director to obtain a loan in an amount
not to exceed Eight Million Dollars ($8,000,000); and
WHEREAS, the aforestated funds are needed to help pay
Northern Virginia's share of the Nine Million Nine Hundred Thousand
Dollars ($9,900,000) of the cost of acquisition by the Washington
Metropolitan Area Transit Authority of the four bus companies serving
the metropolitan Washington area, in addition t° One Million Dollars
($1,000,000) for necessary capital improvements;
NOW, THEREFORE, BE IT RESOLVED, that the City of Fairfax,
Virginia hereby expressly authorizes the Northern Virginia Trans-
portation Commission to pay to the Washington Metropolitan Area
Transit Authority the aforementioned monies for the purpose stated
herein; said City of Fairfax, Virginia also agrees to pay its share
of the above monies based on the single factor of relative in-service
bus miles as allocated by the Northern Virginia Transportation
Commission.
Attest:
City dlerk