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If the MLK project is considered separately, then 5% = about $1.23 million. <br /> (E) Funds provided to bus operators = 5% or $300,000, whichever is greater, but it is not <br /> obvious where this amount would be in the summary information. <br /> Also in Appendix A there is $19.2 million for debt service. Presumably a lot of that would be <br /> for financing the LRT project. In addition, it is not obvious how the $8.9 million for the <br /> Hillsborough train station would be handled. <br /> The handout ends here. <br /> Commissioner Yuhasz asked what would happen with the revenue if there was a <br /> material change warranted and the three parties did not agree. <br /> Wib Gulley said that the monies would be put in escrow until an agreement would be <br /> reached. <br /> Frank Clifton said that the issue for him is that all of the costs and projections and <br /> revenues should not be allocated or spent without the Board's approval. <br /> Wib Gulley said that he agrees with the Manager, but the decision about how to spend <br /> the funds needs to have the support of the majority of the Board of County Commissioners <br /> before any decision is made. <br /> Chair Pelissier said that it is crucial to have the MPO as a signatory. She said that if <br /> the plan is not in the MPO Plan, it cannot be eligible for federal funds. She said that it is vital <br /> that everything in the plan also be part of the MPO's plans. She said that this is a regional <br /> plan and the towns of Carrboro and Hillsborough do not have representation on other <br /> transportation boards, but do have representation on the MPO. Therefore, the MPO should be <br /> part of this agreement. <br /> Commissioner McKee said that he does not believe the MPO should be a party to this <br /> agreement as a signatory because the Board of County Commissioners was elected by the <br /> citizens of Orange County and Triangle Transit is the transportation authority, so these two <br /> entities are the two responsible agencies. He said that he needs someone to explain to him <br /> how not having the MPO as a signatory to this agreement will cause this plan to crash and <br /> burn. <br /> Mark Ahrendsen, staff from the Durham-Chapel Hill-Carrboro MPO and Chair of the <br /> Technical Coordinating Committee, said that the legislation called for the development of a <br /> plan to be approved by three parties —the MPO, Triangle Transit Authority, and the Board of <br /> County Commissioners. <br /> Commissioner McKee asked what would happen if the MPO were not a signatory. <br /> Mark Ahrendsen said that basically two parties could change the plan that three <br /> parties approved. This is the fundamental reason. <br /> Commissioner Jacobs said that he is in favor of having the MPO to be a part of this <br /> plan. <br /> Commissioner Jacobs asked Jim Ward about the underlying issues on the agreement <br /> and item #7. He asked if the disagreement had to do with supplantation or the ability to <br /> access additional funds beyond what is currently committed to Chapel Hill Transit as part of <br /> the plan. <br /> Jim Ward said that the level of funding will be maintained and the Town of Chapel Hill <br /> is not asking to supplant any funds with these new revenues. The issue is that there are a <br /> number of elements within the Implementation Agreement which are above and beyond what <br />