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
Attachment 2 <br />ORANGE COUNTY, DURHAM COUNTY and RESEARCH TRIANGLE REGIONAL <br />PUBLIC TRANSPORTATION AUTHORITY <br />INTERLOCAL AGREEMENT FOR <br />COST SHARING FOR LRT RAIL PROJECT <br />This Interlocal Agreement ("Agreement") dated 2012 is <br />entered into by and between Orange County ("Orange"), a political subdivision of the <br />State or North Carolina, Durham County ("Durham"), a political subdivision of the State <br />of North Carolina, and Research Triangle Regional Public Transportation Authority, <br />d/b/a Triangle Transit ("TTA"). Durham, Orange, and TTA may be referred to <br />individually as "Party" and collectively as "Parties". This Agreement is made pursuant to <br />Article 20 of Chapter 160A of the North Carolina General Statutes. <br />Whereas, the Parties each desire to provide for the future transportation needs of <br />Durham and Orange, understanding that enhanced mobility options will support a high <br />quality of life, strengthen economic development, and enhance sustainability; and <br />Whereas, Durham and Orange mutually desire to support and share the costs for <br />the planning, construction, operation, and maintenance (collectively "Costs") of a 17.3 <br />mile passenger rail service running from Durham to Orange along a corridor as outlined <br />in Attachment One, containing 17 stations, four of which are located in Orange County, <br />and utilizing light rail vehicles (`LRT Project") as an important element in meeting their <br />future transportation needs and supporting efficient, sustainable development patterns; <br />and <br />Whereas, the Parties acknowledge that the LRT Project will be managed, <br />planned, constructed, maintained and operated by the TTA according to each <br />jurisdictions Bus and Rail Investment Plans ("BRI Plans") as respectively adopted or <br />subsequently modified by the Parties, which plans, once adopted shall be incorporated <br />herein by reference; and <br />Whereas, pursuant to NCGS §105-508.2 (Article 43) and Chapter 105 Articles 50 <br />and 51, revenues will be collected by the Secretary of the North Carolina Department of <br />Revenue and distributed to TTA to fund public transportation in TTA's jurisdiction <br />including the construction, maintenance and operation of the LRT Project; and <br />Whereas, the Parties have bargained to agreement on an equitable division of <br />responsibility to pay for the Costs of the LRT Project. <br />Now therefore, in light of the mutual covenants contained herein and provided <br />that the LRT Project moves through planning and construction as set forth in the BRI <br />Plans as may be modified from time to time, the Parties hereby agree as follows: <br />25 <br />The total capital cost for the LRT Project through 2035 is estimated to be <br />$1.378 billion dollars as of the date of this Agreement. For purposes of this <br />
The URL can be used to link to this page
Your browser does not support the video tag.