Minutes 03-22-2012 - Laserfiche WebLink

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District Commission. In January 2012, the Town Board of Commissioners declined to accept the easement (see attached letter from Hillsborough Mayor Tom Stevens). The staff is asking the Board of County Commissioners to allow the staff to put this back out to bid and to consider using the appraisals from 2009. Commissioner Yuhasz said that he has a concern about condition #3, imposing a deed restriction. He said that any changes to the building's exterior will have to comply with the Town Ordinance. His concern is that if a deed restriction is imposed, there will be a question of whether this means the restrictions in place at the time the alteration is proposed or the time the restriction was adopted. A motion was made by Commissioner Yuhasz, seconded by Commissioner Hemminger to authorize staff to move forward with soliciting bids for the properties, with minimum bids set at $450,000 for 112 N. Churton Street and $130,000 for 118 N. Churton Street; direct staff at such time as the bidding/upset bidding process concludes, to present the highest bids to the Board of Commissioners for consideration; and to delete condition #3. Commissioner McKee said that the properties need to be put on the market as is and sold, without restrictions. Commissioner Jacobs said that the staff is making a reasonable recommendation. He said that there is no restriction with this wording. VOTE: Ayes, 6; No, 1 (Commissioner Jacobs) d. Oranpe Countv Transit Plan — Oranqe/Durham Transit Cost Share Discussion and Related Issues The Board considered authorizing the Board Chair to continue discussions with Durham County officials towards a mutually agreed Light Rail Transit (LRT) two county cost-share agreement. THIS ITEM WENT FIRST UNDER REGULAR AGENDA Planning Director Craig Benedict said that this item had some specific information for the full Board as a response to the work session from last week. This item specifically had to do with the Orange County Transit Plan and the Orange-Durham Transit Cost-Share Plan. The jurisdictions have the ability to bring before the citizens a '/-cent sales tax, which can be used for public transit initiatives. One of the large initiatives being considered is a light rail technology between UNC and Durham. This will be a 17.4-mile stretch for$1.378 billion. The cost of the light rail would be shared between Orange County and Durham County. This item begins to institutionalize the process to fix the equitable share between both entities. Craig Benedict went through the options and provisions: Options A contingent of Orange County and Durham County officials has been meeting over the last couple months to `fine tune' an equitable cost sharing agreement. On March 15, 2012 at a BOCC work session, five options were discussed and the middle or third option from the March 2, 2012 Orange County/Durham County informal meeting was conceptually chosen to proceed towards finalization. This option proposes that $316.2 million will be the total (100%) amount for Orange County. There will be a 50% federal share, a 25% state share, which means that the local Orange County share will be $79.05 million. Durham's complementary share would be $1.0618 billion total which includes their $265.45 million local share. Provisions