(a) The New River Transit Authority, an Urban Mass Transportation Authority, is hereby created.
(b) Other local governments are likewise participating in the creation of the New River Transit Authority by adoption of Ordinances, Orders, or Resolutions.
(c) Members of the Authority’s board representing the Town of Fayetteville shall be appointed in accordance with the provisions of Section 8-27-5 of the West Virginia Code.
(d) The initial member of the Authority’s Board representing the Town of Fayetteville shall be Mayor/Town Manager, appointed to serve a term of one (1) year.
(e) All subsequent appointments shall be established by Ordinance and shall be for a term of three years.
(f) For the initial fiscal year, each participating government shall contribute $500.00 to the New River Transit Authority, thereafter, the contribution shall be determined at the end of each fiscal year by the Authority in accordance to Section 8-27-5 of West Virginia Code.
(g) For the initial fiscal year, each participating government shall be entitled to one vote, thereafter, the number of votes shall be determined at the end of each fiscal year by the Authority and such determination shall govern the ensuing fiscal year, even though additional moneys or property are contributed during that fiscal year in accordance to Section 8-27-5.
(h) All other provisions of Section 8-27-1 et seq. of the West Virginia Code shall apply to the creation of, participation in, or management of said Authority.
(Passed 5-1-14; 5-4-23.)