Agenda - 06-07-2011 - 8c - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 7, 2011 Action Agenda Item No. 8 - G SUBJECT: Further Review and Decision Regarding Half-Cent ('/z) Cent Sales Tax for Transit DEPARTMENT: BOCC & Manager's Office PUBLIC HEARING: (Y/N) NO ATTACHMENT(S): INFORMATION CONTACT: 1. Orange -Durham Financial Scenario Frank W Clifton, Manager, 245-2300 2. Extract from Session Law 2009-527 Craig Benedict, Planning Director, 3. Draft Elements of an Interlocal 245-2575 Agreement Mila Vega, Transportation Planner, 4. Decision Points Chart 245-2582 PURPOSE: To continue discussion and make decisions regarding the Orange County Bus and Rail Investment Plan draft associated with the Triangle Regional Transit Plan ('/2 cent sales tax), receive updates on municipal meetings and develop a schedule for the Orange County Transit Plan (OCTP) implementation. BACKGROUND: Session Law 2009-527 (also known as House Bill 148) adopted in 2009 permits `Triangle' counties (Wake, Durham and Orange) to put forward a referendum to impart a '/2 cent sales tax to pay for development and implementation of the Triangle Regional Transit Plan. Triangle Transit (TT) is the regional transit authority acting as the lead organization for the development of this regional initiative. The regional plan includes different elements; in Orange County it includes the following three elements: • Light Rail • Bus Rapid Transit (BRT) • Bus Services: Urban and Rural The Orange County Transit Plan has evolved over the last eight months with input from local governments and university stakeholders. Input originally started with staff, transportation planners, and managers and then transitioned to the Orange County Transit Plan leadership group of elected officials. Triangle Transit provided a series of financial model scenarios that were guided by a variety of assumptions, some assumptions serving as a baseline to begin discussion. Each assumption, whether it related to revenue, timing of expenditures, or Durham- Orange cost share percentage, affected the bus service component and the associated amount of new bus services hours that could come on-line during early, mid, or long-term time frames.