Browse
Search
Agenda - 05-15-2012 - 7c
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2010's
>
2012
>
Agenda - 05-15-2012 - Regular Mtg.
>
Agenda - 05-15-2012 - 7c
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/25/2015 9:43:08 AM
Creation date
5/11/2012 2:54:46 PM
Metadata
Fields
Template:
BOCC
Date
5/15/2012
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
7c
Document Relationships
2012-447 Planning - Orange County, Durham County and TTA with executions by Durham and TTACost Sharing for LRT Rail Project
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2012
2012-448 Planning - Research Triangle Regional Public Transportation Authority, d /b /a Triangle Transit
(Linked From)
Path:
\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2012
Minutes 05-15-2012
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2012
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
42
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
22 <br />The plan assumes that the Federal Government aiso pays for 80% of bus capital costs, <br />consistent with its current practices, and continues to provide operating appropriations <br />consistent with present Federal Transit Administration operating grant formulas. Assumed <br />Federa) Government contributions to the plan total $239 million in YOE dollars from 2012 <br />through 2035. <br />G. Transit Fares <br />The plan assumes fares for all operating agencies remain unchanged from the existing fare <br />structures. <br />• Light Rail farebox recovery ratio: 20% <br />• Triangle Transit bus farebox recovery ratio: 15% <br />• Chapel Hill Transit bus farebox recovery ratio: 0% <br />H. Additional Revenue Sources <br />This draft Bus and Rail Investment Plan does not rely on additional municipal contributions, <br />public or private 3rd party contributions, or value capture forms of revenue. <br />VI. ORANGE FINANCIAL PLAN DATA <br />The following is a list of the total spending for each technology and category identified in the <br />Orange County Bus and Rail Investment Plan. <br />• Rail Capital: $418 million ($316.2 million in 2011 dollars) <br />~ Rail Operations: $58 million <br />• Bus Capital: $40 million (including MLK Bus Lanes) <br />• Bus Operations: $109 million <br />• Debt: $19 million <br />VII. IMPLEMENTATION AGREEMENT: ANNUAL REVIEW AND CHANGES TO THE PLAN <br />The Bus and Rail Investment Plan of Orange County details the specific elements of local and <br />regional bus service, and Light Rail service to be added in Orange County over a twenty-three <br />year period. Because of the long time frame for implementation of the Plan and its major <br />capital projects, over time there will be changes and revisions made to the Plan. As the <br />statutory implementation agency, Triangle Transit will work with Orange County, the DCHC <br />Metropolitan Planning Organization (MPO), and the towns of Chapel Hill, Carrboro, <br />Hillsborough, the University of North Carolina at Chapel Hill and Chapel Hill Transit, and the <br />public transit provider in Orange County, to develop and execute an Implementation <br />agreement which details the following aspects of implementation of the Plan: <br />(a) Annual review presentations of the activities and progress made in implementation <br />of the Plan by Triangle Transit to the County and the MPO; <br />5/8/2012 - Page ~ 20 <br />
The URL can be used to link to this page
Your browser does not support the video tag.