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A motion was made by Commissioner Gordon, seconded by Commissioner Halkiotis to approve the resolution as stated below: Resolution Approving the Levy of a Rental Vehicle Tax of Five Percent by the Research Triangle Regional Public Transportation Authority WHEREAS; in 1989, Durham, Orange, and Wake Counties, the cities of Raleigh and Durham and the Towns of Cary and Chapel Hill jointly formed the Research Triangle Regional Public Transportation Authority; and, WHEREAS; in 1990, during a joint meeting, the Capital Area and Durham-Chapel Hill-Carrboro Transportation Advisory Committees adopted the Land Use and Public Transportation Action Agenda which directed that: "The Triangle Transit Authority, in coordination with local governments and appropriate regional agencies, should evaluate possible corridors and fixed guideway technologies for potential implementation;" and, WHEREAS; in 1992, the Triangle Transit Authority began the Triangle Fixed Guideway Study and jointly developed the scope for the Study in coordination with the Federal Transit Administration, the state, and the region's units of local government which are members of the Capital Area and Durham-Chapel Hill-Carrboro Metropolitan Planning Organizations (MPOs); and, WHEREAS; the Triangle Fixed Guideway Study examined the long term land use and transportation problems, identified and evaluated alternatives, and recommended implementation of Phase I Regional Rail service from Durham to North Raleigh as part of Recommendations for a Regional Transit Plan; and, WHEREAS; on May 16, 1995, the Orange County Board of Commissioners adopted a Resolution Supporting the Preliminary Recommendations for a Regional Transit Plan, including a request that the North Carolina General Assembly establish a permanent funding source permitting the long ten- n implementation of the Regional Transit Plan; and, WHEREAS; on February 22, 1995, Recommendations for a Regional Transit Plan were adopted by the Triangle Transit Authority Board of Trustees after extensive and ongoing public involvement; and, WHEREAS; on September 25, 1996, the Durham-Chapel Hill-Carrboro Metropolitan Planning Organization adopted the Interim Comprehensive Transportation Plan which contains Phase I of the Regional Rail Project as part of the fiscally constrained plan; and, WHEREAS; on February 20, 1997, the Capital Area Metropolitan Planning Organization Transportation Advisory Committee adopted the Long Range Transportation Plan - Transit Element which contains Phase I of the Regional Rail Project as part of the fiscally constrained plan; and, WHEREAS; the Phase I Regional Rail System will require financing from the Federal, State and Regional Governments, and, WHEREAS; the North Carolina General Assembly enacted House Bill 1231 "An Act to Authorize Supplemental Sources of Revenue for Local Government Transit Financing" which was signed by Governor James B. Hunt, Jr. on August 21, 1997; and,