Actually, the new word was created for Tim’s latest novel. (See below)
Below is what time has to say about otterocity:
OTTEROCITY: (Otter + ocity) You can’t find it in a dictionary but its meaning is a mixture of things. If you take velocity times electricity, and mix it with generosity and creativity, then infuse that to a joyful spirit, you get Otterocity. Taken literally, ocity means “quality of.” Therefore, Otterocity is having or displaying a disposition or quality of an otter. However, Otterocity is more than a play on words. Otterocity is a way of acting, thinking, and being that brings balance to your life and focuses your energy in a positive way to help you become a better person. Otterocity is all about showing or possessing the qualities of otters, to bring a joyful spirit to your life, in everything you do.
Learn more at: http://www.Otterocity.com