Minutes 09-18-2012 - Laserfiche WebLink

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above for federal funding. Commissioner Hemminger made reference to section 8 that says that every four years the plan is reviewed by the parties. She thinks that the entities will review all aspects and she does not feel the need to put in benchmarks right now that might be significantly different four years from now. Chair Pelissier concurred with Commissioner Hemminger. Commissioner Jacobs agreed that it may not be appropriate to set benchmarks at this point but they should be built into the process. Commissioner Yuhasz said that the idea of some kind of benchmarks is a good idea, and he suggested taking this back to the technical people for some regional benchmarks. Frank Clifton suggested amending the paragraph indicating that the three entities will come back with a set of benchmarks in four years for further determination. The Board agreed. Commissioner McKee made reference to the margin note, JR13, "The Manager proposes a new subsection to be added, which requires any increase in tax revenues above those forecast to be allocated within the sole discretion of Orange County." He thinks that in order to ensure that this Board can direct funds to local bus service that there needs to be a discretionary amount. He requested that this be included. Commissioner Jacobs said that he is not interested in this and that it is a partnership. Chair Pelissier agreed. Commissioner Gordon made reference to her item II on her sheet regarding State funding. She said that there should be something in the agreement about State funding. Chair Pelissier said that when they spoke of benchmarks, she presumed that they were benchmarks in general and included federal and state. Commissioner Gordon said that in #8 there should be some mention about securing state funding because it is not addressed. Chair Pelissier said that the Board is giving general direction to staff and it will come back with appropriate language. Commissioner Gordon made reference to item III on her sheet concerning the definition of"material" change and reviewed this. III. Definition of"material" change. In section 12 of the agreement, definitions of material changes are given for several categories of revenues or costs. These definitions are given as percentages. The pie charts in Appendix A of the BRI Plan show the dollar amounts for costs and revenues. A comparison of section 12 with Appendix A appears to show that the dollar amounts for a material change could vary between $300,000 and almost $42 million. It would be prudent to recognize dollar amounts, or at least use smaller percentages for large dollar amounts. Here are the rough estimates for the five categories, along with total dollar amounts. Also given are the amounts that would be defined as a material change, given the percentages that are specified. All of these numbers would need to be verified by staff, and are given here for illustrative purposes. (A) Total revenues = $706.0 million 5% _ $35.3 million