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Attachment 3 5 <br />Draft Elements of an Interlocal Agreement Implementing County Authorized <br />Sales Ta~c Revenues <br />7. Potential Agreement Parties <br />Possible Options: <br />a. Orange County-Triangle Transit Authority (Durham County-Triangle <br />Transit Authority) <br />b. Orange County-Durham County-Triangle Transit Authority <br />c. Orange County-Triangle Transit Authority-Bus Service Providers (i.e. <br />Chapel F-lill T-ransit, Orange Public Transportation, or other) <br />d. 1. Orange County-Triangle Transit Authority <br />2. Orange County-County Bus Service Providers and Financial <br />Stakeholders <br />2. Governance <br />a. The process for review and vote by the County, the MPO and Triangle <br />Transit's- Board of Trustees on any- significant or substantial revisions <br />to the Plan required by changes experienced in revenues received, <br />capital costs, operating expenses, or other substantial issues affecting <br />the Plan. <br />b. Technical advisory group <br />3. Financial Plan <br />a. Triangle Transit funds disbursement to ser-vice providers <br />b. Modification to revenue stream- <br />s. Plan implementation modification <br />d. References to fare free service <br />e. Annual plan review and reporting guidelines <br />4. Bus Service <br />a. Route classifications <br />b. Route performance standards <br />5. General Provisions <br />a. Integrity of the goals of the original `equitable use' of funds relating to <br />service distribution. <br />b. General guidelines for thresholds for level of service to ensure <br />continued `balance'. <br />