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4. CONTINUANCE OF EXISTING LOCAL FUNDING: In accordance with NCGS 105-510 the parties <br /> of this agreement agree to maintain the dollar amount of non-sales tax local transit investment <br /> at or above the level budgeted on July 1, 2009. To meet this expectation a financial report <br /> detailing the amount of non-sales local tax money spent and verifying that at least$18,229,000 <br /> was spent will be produced annually. <br /> a. In the early years of plan implementation it is expected that the majority of the non-sales <br /> tax funds will come from existing sources as detailed in table 4.1. In future years the <br /> source of funds may be shifted based on employment and population and as determined <br /> by the Governing Board of the Capital Area Metropolitan Planning Organization (The <br /> Transportation Advisory Committee). <br /> Table 4.1 <br /> Municipality Anticipated Funding,Level <br /> City of Raleigh $16,275,000.00 <br /> Town of Cary $1,804,000.00 <br /> S. PERFORMANCE OF TRANSIT: The parties agree that every effort will be made to ensure that <br /> provided transit services are safe, reliable and efficient. At a minimum, transit services will be <br /> evaluated annually by transit providers and reported to the Governing Board of the Capital Area <br /> Metropolitan Planning Organization (The Transportation Advisory Committee). These periodic <br /> evaluations will be a collaborative and cooperative process between the jurisdictions receiving <br /> transit service and the transit service providers with a goal of making services successful. The <br /> Governing Board of the Capital Area Metropolitan Planning Or (The Transportation <br /> Advisory Committee)will utilize the transit service per standard guidelines and <br /> ridership trend data compiled by the transit professionals to make a determination as to <br /> whether any changes to transit services are warranted. <br /> 6. ROLE OF THE WAKE COUNTY BOARD OF COMMISIONERS: The parties agree that the Wake <br /> County Board of Commissioners will receive annual reports about the status of the plan and may <br /> periodically evaluate the effectiveness of this Interlocal agreement and the Wake County Transit <br /> Plan.The Board of Commissioners evaluation will be based on municipal input, public input, <br /> health of the transit financial plan, and the status of transit project implementation. If issues are <br /> identified,the parties to this agreement grant the Board of Commissioners the power to request <br /> special reporting from the service district,the Governing Board of the Capital Area Metropolitan <br /> Planning Organization (The Transportation Advisory Committee) or any transit provider. Once <br /> special reporting is requested the Board of Commissioners may, with a supermajority vote,veto <br /> any use of Wake County generated local funds until the identified issue is addressed. <br /> PROPOSED ELEMENTS Draft 10_10_2011 Page 2 <br />