Agenda - 12-08-2011 - Attachment 1

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a. In the early years of plan implementation it is expected that the majority of the non- sales tax funds will come from existing sources as detailed in table 4.1. In future years the source of funds may be shifted based on employment and population and as determined by the Governing Board of the Capital Area Metropolitan Planning Organization (The Transportation Advisory Committee). Table 4.1 Municipality Anticipated Funding Level City of Raleigh $16,275,000.00 Town of Cary $1,804,000.00 S. PERFORMANCE OF TRANSIT: The parties agree that every effort will be made to ensure that provided transit services are safe, reliable and efficient. At a minimum,transit services will be evaluated annually by transit providers and reported to the Governing Board of the Capital Area Metropolitan Planning Organization (The Transportation Advisory Committee). These periodic evaluations will be a collaborative and cooperative process between the jurisdictions receiving transit service and the transit service providers with a goal of making services successful. The Governing Board of the Capital Area Metropolitan Planning Organization (The Transportation Advisory Committee) will utilize the transit service performance standard guidelines and ridership trend data compiled by the transit professionals to make a determination as to whether any changes to transit services are warranted. 6. ROLE OF THE WAKE COUNTY BOARD OF COMMISIONERS: The parties agree that the Wake County Board of Commissioners receive annual reports about the status of the plan and may periodically evaluate the effectiveness of this Interlocal agreement and the Wake County Transit Plan. The Board of Commissioners evaluation will be based on municipal input, public input, health of the transit financial plan, and the status of transit project implementation. If issues are identified,the parties to this agreement grant the Board of Commissioners the power to request special reporting from the service district, the Governing Board of the Capital Area Metropolitan Planning Organization (The Transportation Advisory Committee) or any transit provider. Once special reporting is requested the Board of Commissioners may, with a supermajority vote,veto any use of Wake County generated local funds until the identified issue is addressed. This Agreement shall become effective on , and shall remain in effect until legal termination or 50 years,whichever comes first.