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C. That the Rail Investment Cost Sharing Agreement with charts and map be included as an <br /> Appendix to the BRI Plan, in substantially the same form as presented on June 5, and with the <br /> dollar amounts verified and corrected, as needed. <br /> ATTACHMENTS (to be included with the cost sharing agreement): <br /> LRT Reference Map (Cost Sharing) <br /> Rail Investment Cost Sharing Agreement Charts <br /> D. That Orange County and Triangle Transit will work together to identify any other <br /> inconsistencies, misstatements, or omissions, and to provide the changes to the BOCC before <br /> the Implementation Agreement is scheduled for approval by the BOCC. <br /> The BOCC wishes to note that, even though not all of the stipulations in the BOCC transit plan <br /> motion of May 15 were addressed, the BOCC wishes to move the BRI Plan forward at this <br /> time, in the manner stated above. <br /> NOTE: The above attachments (LRT Reference Map and Rail Investment Cost Sharing <br /> Agreement Charts) are included in the agenda materials and are hereby included by reference <br /> in these minutes. <br /> Commissioner Gordon then went through some background information that she had <br /> distributed to the County Commissioners. <br /> Background Information for Item 7c on the BOCC September 18, 2012 agenda: Transit <br /> Interlocal Implementation Agreement <br /> The following information on the funding process, and on revenues and costs for the Orange <br /> County Bus and Rail Investment Plan (BRI Plan), is provided as background information for the <br /> discussion on transit. <br /> I. Funding Process <br /> A. Federal Funding of Light Rail Transit - Three Critical Points in the New Starts Process <br /> At the September 12, 2012 meeting of the DCHC MPO Transportation Advisory Committee, <br /> the TAC received a description of three critical points (benchmarks) in the federal funding <br /> process for Light Rail Transit. <br /> Description of the Phase Time Needed to Accomplish <br /> of Development That Phase <br /> Enter into Preliminary Engineering 2 to 3 years <br /> ("get into the pipeline") <br /> Receive Record of Decision 2 to 3 years <br /> (complete Preliminary Engineering) <br /> Receive Full Funding 3 to 4 years <br /> Grant Agreement (FFGA) <br />