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ATTACHMENT 3 4 <br />ORANGE COUNTY TRANSIT PLAN (OCTP) <br />LIST OF ASSUMPTIONS <br />Orange County will pay for the cost of light rail- railway (x miles) and 2 light rail <br />stations in Durham County (i.e. Hillmont and Gateway) and the light rail miles with <br />Orange County. <br />2. There is no `value capture' program in the financial model whereby increased <br />property values near rail stations are apportioned to help create a future revenue <br />stream to help pay for the cost of light rail capital and operations. <br />3. There is no local government independent contribution to fund the new light rail or <br />bus program other than citizen/business sales -tax receipts and vehicle registration. <br />4. There is no institutional contribution to the revenue side of the model (i.e. major <br />employees or university). <br />5. New'/ cent sales tax revenues will be apportioned for new service. New service <br />is considered any service not in existence when the Mobility Bill legislation went <br />into effect (i.e. June 2009). <br />6. The vehicle registration-tax can be used for existing or new bus service. <br />7. The financial model uses.'/z cent sales, vehicle registration and Triangle Transit <br />Authority (TTA) rental. car tax to fund the overall bus and rail program. <br />8. Chapel Hill Transit's (CHT) bus system is presently fare-free (see definition in <br />Appendix) and any expansion to routes provided by CHT are being- assumed to <br />also be fare-free. <br />9. Any routes provided by TTA presently have user fees and new routes would also <br />have user fees. These routes are typically inter-county or between local transit <br />systems. <br />10. New bus routes that travel between two counties are assumed to be funded 50% <br />each, irrespective of ridership, miles within jurisdiction, etc. <br />11. Orange County would pay a share of the rail maintenance facilities based on linear <br />miles of rail paid for by County to be located in Durham County ($34 million - <br />Orange County and $137 million -Durham County). <br />12. Park and ride lots or parking garages funded by the financial plan are assumed to <br />be without a user fee. <br />