Agenda - 06-05-2012 - 5a - Laserfiche WebLink

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22 1 Transit Plan 2 Commissioner Jacobs made reference to Will Raymond's comments and said that the 3 County Commissioners did solicit comments from the public at the open houses and he asked 4 about the comments. It was answered that the County Commissioners were shown the 5 comments at a work session. 6 Commissioner McKee asked for clarification on the debt. In the packet dated May 8th 7 on page 22 it shows a debt of$19 million; and then on page 20 it says $28 million. He asked 8 for an explanation of the difference. 9 Patrick McDonough said that they needed to address the difference between Durham 10 County and Orange County and the operational costs and the minor disagreement. This has to 11 be addressed with cash balances. He said that $25 million borrowed in the early 2020's will 12 equal $19 million when the payments are taken into account until 2035. The County is 13 borrowing $25 million, but will make $19 million in debt payments between then and 2035. 14 Commissioner McKee made reference to the May 11th handout, which says that a total 15 of$28 million will be borrowed. Patrick McDonough said that this is a typo. It should say $25 16 million. This is also on page 21. 17 Chair Pelissier asked for clarification on the typographical errors so that it is on the 18 record. 19 Patrick McDonough said that on page 21, $28 million will be corrected to $25 million. 20 To the extent that any other number in the document refers to borrowing $28 million, it will be 21 corrected to $25 million. 22 Commissioner McKee made reference to the May 11th document under Financial Plan 23 Data, and the Hillsborough rail station of$9 million. He asked who was paying for this. Patrick 24 McDonough said that the contribution of Orange County is 10%. This is a permanent building 25 with platforms, etc. 26 Chair Pelissier asked that everyone look at the updated plan only from May 15th. She 27 said that on page 41 it shows the breakdown of financials. 28 Commissioner McKee said that the County Commissioners have discussed park and 29 rides to serve the rail stations. They also talked about expanded zones of opportunity for 30 people to be able to go to a park and ride and be able to access the light rail. He said that he 31 does not see this anywhere. There should be shuttle services from park and rides to the light 32 rail stations. 33 Patrick McDonough made reference to Appendix A and clarified where these 34 shuttles would be. 35 Commissioner McKee made reference to transit fares and asked how this would work. 36 Patrick McDonough said that Chapel Hill has made a policy decision to be fare free. 37 Commissioner McKee asked if fare free was sustainable. Patrick McDonough said that 38 the entities have tried fare free before and the reason it failed was because they put a flat 39 contribution and did not account for inflation 40 Commissioner McKee said that his intent is to insist that Orange County taxpayers are 41 not imposed upon. 42 Commissioner Gordon asked for clarification on operation and maintenance costs on 43 page 11, where it states that the costs are $14.4 million. She said that it does not correspond 44 with the information on page 29, where the operation and maintenance costs add up to $13.3 45 million. Patrick McDonough said that this is probably a typo on the Durham County side. 46 Commissioner Gordon stated that on page 20, the initial proceeds for the local revenue 47 stream in 2012 were given as $770,000 for the $7 vehicle registration fee and $330,000 for the 48 $3 increase in the fee. However, on pages 21 and 22 the numbers given were $580,000 and 49 $250,000 respectively. 50