Orange County NC Website
Browse       Search
27 <br /> H. FTA Formula Funds <br /> The plan assumes that new bus serviceswill receive partial operating and capital cost <br /> contributions through existing formula programs established by the Federal Transit <br /> Administration (FTA),and that transit agencies in Orange County will receive those <br /> contributions in accordance with historical patterns of funding that existing transit services <br /> have received.Over the life of the plan to 2035, FTA Formula funds are expected to total <br /> $70.9 million in Year-Of-Expenditure(YOE)dollars in Orange County. <br /> I. Additional Revenue Sources <br /> This draft Bus and Rail Investment Plan does not rely on additional municipal contributions, <br /> public or private third party contributions or value capture forms of revenue. <br /> VI. ORANGE FINANCIAL PLAN DATA <br /> The following is a list of the total spending for each technology and category identified in the <br /> Orange County Bus and Rail Investment Plan to 2035.All figures are in Year of Expenditure <br /> dollars(YOE) unless otherwise noted. <br /> • Light Rail Capital:$418.3 million ($316.2 million in 2011 dollars) <br /> • Light Rail Operations: $59.1 million <br /> • Bus Capital: <br /> o MLK Bus Lanes-$24.5 million <br /> o Miscellaneous Bus Capital Projects-$6.7 million <br /> o Buses purchased-$17.6 million <br /> • Bus Operations:$106.8 million <br /> • Hillsborough Intercity Rail Station: $8.9 million ���.�iromlli�i�� i�� ,���a11 ��Il�i~�, C'��i~�G��� <br /> u'":��u�~�'t��nrill �i��l�4�r� i������i~��,;il�rl� ����i~� 1�i"�� i�ri��trp.oqi���r�r�'Ci~il�r�uti�n� t� t�t�l ~�u��'t� <br /> • Amount of debt service payments made by Triangle Transit through 2035:$19.2 <br /> million <br /> Il�ll�a�� II'����u�i�ik�� Illll��umum��^Ifuri� �i�ro��ui��t I��i�i���nr��k 4�r� I i�i�r��l� I i��r��it t����r��ut� <br /> tP.o� I:al�r�: ;�!�i�romlli�i�� �t4.om�� i~���ui�ri�l,��i~i��I�i���i~tl i��r� tl i�� lii~��� �I�r��� 4�r�r��u�� �k�4��t <br /> Ia��i�rn�i��Crs�irv� �v�irv�Q� ���irv t�irvi�rnrs�i���k r�i��tii���u� la�:�t?Q��!�� <br /> Additional specific financial information on each of these plan elements can be found in the <br /> Appendices. <br /> VII. AGREEMENTS <br /> IMPLEMENTATION AGREEMENT:ANNUAL REVIEW AND CHANGES TO THE PLAN <br /> The Bus and Rail Investment Plan in Orange County details the specific elements of local and <br /> regional bus service,and Light Rail service to be added in Orange County over a 23-year <br /> period. Because of the long time frame for implementation of the Plan and its major capital <br /> projects,over time there will be changes and revisions made to the Plan. As the statutory <br /> implementation agency,Triangle Transit will work with Orange County,the DCHC <br /> Metropolitan Planning Organization (MPO),and the towns of Chapel Hill,Carrboro, <br /> ":b/:3�/�G���-Page � 25 <br />