Minutes 03-22-2012 - Laserfiche WebLink

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General Fund The BOCC also stated at the work session that the future agreement must include provisions that there is no financial exposure to Orange County that would cause general fund dollars to be expended in the future for LRT, whether it was capital or operating. The sensitivity to the potential of cost overruns and the limitations in sales tax revenue growth as compared to Durham County was cited as an important consideration. Re-examination of Apreement� Updates and Thresholds ' The agreement should also include provisions to re-examine the Orange County/Durham County cost sharing agreement if revenues or costs vary as yet to be determined percentage (5% for discussion purposes). Maintenance of Proposed Bus Service Hours Proposed bus service hours should also be maintained irrespective of the costs allocated to LRT with consideration for the reinvestment of rail dividend hours (i.e. when rail routes replace existing bus service, how do you convert to additional bus hours or projects). Small Capital In addition, the cost sharing proposal should also not affect Orange County's intent to allocate monies to the Hillsborough passenger train station (i.e. Amtrak) at this time. Action This agenda item, if approved, would allow the Board Chair and the assigned contingent to forward to Durham County, the joint county's cost share proposal and allow their full county board to discuss and confirm before institutionalizing the agreement. In addition, Orange County representatives could further `negotiate' within the parameters of this tentative proposal. This item and agreement would return for formal BOCC approval at a later date. Commissioner Gordon asked for clarification on the Manager's Recommendation. Craig Benedict said that there will be a public outreach meeting on April 3�d and some of these issues will be discussed then. Frank Clifton said that the Board of County Commissioners met with Durham County officials and they discussed different models and alternatives and tonight the County Commissioners should provide other input or direction for the Chair to take to Durham County about a cost-sharing agreement. He said that Durham County is ready to move forward but they do not know what Orange County wants to do. Commissioner Gordon asked about the justification for the amount of$316.2 million. Chair Pelissier said that the amount on page 1 of the abstract is what the majority of the Board agreed to in concept at the March 15th work session. Page 2 highlights the other points made during the work session that were not discussed with Durham County and would have to be incorporated. Commissioner Gordon said that the only two public sessions have not taken place yet and she would caution the Board about going too far in the process.