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23 <br />(b) The process for review and vote by the County, the MPO and Triangle Transit's <br />Board of Trustees or the role of the operating agency regarding on any significant or <br />substantial revisions to the Plan required by changes experienced in revenues <br />received, capital costs, operating expenses, or other substantial issues affecting the <br />Plan; <br />(c) A recognition and preservation of decision making responsibilities of the operating <br />agencies; <br />(d) Responsibility of Triangle Transit for direct disbursement of funds from the <br />revenues received per Section V(above) to the public agency responsible for <br />implementing the bus services set forth in the Plan; and <br />(d) Other necessary provisions regarding implementation of this Plan as agreed to by <br />the County, the MPO, and Triangle Transit <br />VIII. CLOSING SUMMARY <br />The Bus and Rail Investment Plan of Orange County is the result of years of collaborative work <br />among Orange County elected officials and civic leaders , regional stakeholders, municipal <br />and county staff and Triangle Transit. The plan consists of a balance of bus improvements <br />and rail investment to help accommodate the population and employment growth that the <br />region is expected to experience in the next 25 years. <br />The proposed plan addresses the ongoing need to provide more options to transit riders with <br />improved and expanded bus and rail connections. Once implemented, the residents of <br />Orange County will be able to have greater access to jobs, shopping, and activity centers such <br />as downtown Chapel Hill and Carrboro, the University, or the Hospital. <br />Additionally, the plan will provide core infrastructure investment that will help support the <br />goals and objectives of local land use plans in Orange County and its municipalities. In <br />particular, as evidenced in communities across the country, investment in light rail has proven <br />to be a great motivator for private companies to build transit-oriented development at <br />station locations along the rail corridor. This kind of more intense development generally <br />consists of a mixed-use, walkable environment that can provide a more sustainable <br />alternative to the suburban growth pattern that exists today, while allowing more open space <br />to be preserved. <br />All the elements listed in the Draft Bus and Rail Investment Plan of Orange County are fiscally <br />constrained. At every turn, the Plan is conservative in revenue assumptions and incorporates <br />contingencies for capital and operating expenditures. <br />The draft plan has been shared with the general public, Carrboro Board of Aldermen, Chapel <br />Hill Town Council, the Hillsborough Town Commissioners, the DCHC MPO, the Burlington- <br />Graham MPO and the Orange County Commission. The draft plan will be considered for <br />approval by the DCHC MPO, the Burlington-Graham MPO, the Triangle Transit Board of <br />Trustees, and the Orange County Board of Commissioners. The Orange County Board of <br />5/8/2012 - Page ~ 21 <br />