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2 <br />Chapel Hill Transit has been working with the regional transit group to develop a transit plan for <br />Orange County based on the approved 2035 Long Range Transportation Plan for the Durham- <br />Chapel Hill-Carrboro Metropolitan Planning Organization. These presentations will bring the <br />Board up to date on this endeavor. <br />Orange County must approve the financial plan that details the projects and timeline for which <br />the sales tax would be used and hold the referendum in order for Triangle Transit, the regional <br />transit authority, to take advantage of the '/2-cent sales tax local option. The County would use <br />the sales tax revenue to contract transit services through the regional and local transit agencies <br />according to the adopted transit financial plan. <br />The County must be involved in the comprehensive planning for the Orange County Transit <br />Plan to ensure transit needs for all of Orange County are addressed in a manner that County <br />residents can support, and through collaborative relationships with transit providers. <br />FINANCIAL IMPACT: There is no immediate financial impact with developing the <br />transit/financial plan. Long term, the County will need to consider additional funding beyond the <br />'/2-cent sales tax to support continued transit services in the County's jurisdiction. <br />RECOMMENDATION(S): The Manager recommends the Board: <br />1. Receive the presentations; <br />2. Review provisions of the scenarios developed by Chapel Hill Transit that call for some of <br />the new revenues to be used for operating existing systems and more importantly a <br />supplemental level of financial support beyond the local sales tax and motor vehicle fee <br />(local funding resources) to be used to subsidize transit operations. The Board may <br />want to discuss these aspects in more detail; and <br />3. Provide further direction to staff as desired. <br />