Agenda - 05-15-2012 - 7c - Laserfiche WebLink

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Attachment 4 4 y INTERGOVERNMENTAL AGREEMENT ORANGE COUNTY AND TRIANGLE TRANSIT LEVY OF TRANSIT SALES TAX An INTERGOVERNMENTAL AGREEMENT ("Agxeement") dated between the Research Triangle Regional Public Transportation Authoxity, d/b/a Triangle TYansit ("TTA"), a three countp xegional transporta.tion authoxity oxganized puxsuant to NCGS Chapter 160A et seq., and Oxange Countq ("County"), a political subdivision of the State of North Carolina. TTA and the County may be collectively refeYred to (togethex the "Patties'~. WITNESSETH: WHEREAS, the County and TTA, have detexmined that it is in the best intexest of Orange County citizens for them to cooYdinate the planning, construction and expansion of public transit services in order to provide efficient and effectively li.nked teansit sexvices to the xesidents of, the employees and employers in, and the visitors to the Orange County axea; and WHEREAS, the Parties have determined that an effic,ient and effective transit spstem is crucial, in concext with other transportation, land use, and economic development initiatives, to maintain a high quality o£ life, appropriately to support futuxe development, and to provide transpoxtation options to the current and future xesidents, employees and employexs of the Orange County area; and WHERFAS, the Parties understand that new countp-wide tax levies authorized bp the Noxth Caxolina General Assembly in NCGS Chapter 105, Atticle 43 ("Article 43") will be paid by residents and businesses in all locations within the County; and WHEREAS, these Article 43 tax levies should be invested to the highest degree possible so that the return on investtnent accrues to Orange County's quality of life, tax base, and Yetail sales proceeds, which can create long term financial sustainability for public transit; and WHEREAS, this Agteement is entered into pursuant to the authority granted bp NCGS ChapteY 160A, Axticle 20. NOW THEREFORE, in consideration of the mutual covenants and assurances contained hexein, and the mutual benefits to result therefxom, the Parties agree as follows: 1. That this Agreement does not indicate appYOVaI of the Orange County Bus and Rail Investment Plan ("Orange BRI Plan") by the Oxange County Boaxd of County Commissionexs ("Orange BOCC'~. 2. That this Agteement does not requixe or bind the Otange BOCC to appxove, set or schedule a referendutn foY voter approval of a transit sales tax. 3. TTA agrees that it will not levy the transit sales tax in Oxange County pursuant to Article 43 unless the Orange BOCC by Resolution requests TTA to levy this tax. IN WITNESS WHEREOF, the Paxties have approved this Agxeement and have caused it to be signed bp the Chaix of the Orange County Board of Countp Commissionexs, attested to by the