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2 <br />In the future, operation of the service may be affected by the recommendations of an ongoing aPT- <br />Chapel Hill Transit Consolidation Study. <br />FINANCIAL IMPACT: Anticipated costs for operating the new transit service are $149,400 for the <br />first year, $114,814 for the second year and $120,614 for the third year. Although Orange County <br />will be reimbursed for all eligible costs of operating the system, the County must expend the money <br />for services before submitting invoices for reimbursement. <br />RECOMM~NDATI4N~S~: The Manager recommends the Board approve the Memorandum of <br />Agreement with the Town of Hillsborough and authorize the Manager to sign the Memorandum of <br />Agreement. <br />