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2 <br />Triangle Transit was invited as a stakeholder in the process and has identified a staff <br />representative. Orange County Planning staff has met with Triangle Transit staff to inform them <br />of conversations to date. <br />Next Steps -The next step is to select a consultant. NCDOT provided a list of eligible <br />consultants that have necessary expertise to complete the study. The group narrowed down a <br />pool to five potential consultant teams. NCDOT will request these teams submit qualifications <br />(including team compositions) to Orange County, Chapel Hill Transit and Triangle Transit. The <br />selected consultant will participate in the scoping process. <br />FINANCIAL IMPACT: <br />• The financial impact associated with the Study is to be determined. It is estimated to be <br />10% of the study cost (80% Federa1:10% urban area), which will be determined during <br />the scoping process. An average cost for similar studies implemented by NCDOT is <br />approximately $75,000-$100,000. Staff will explore outside sources for the County's <br />share and will report back to the BOCC with actual costs. <br />• The financial impact of study recommendations will be determined once the study is <br />completed. <br />RECOMMENDATION(S): The Manager recommends the Board receive the report. <br />