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(B) LRT capital cost = $418.3 million 10% _ $41.8 million, 5% _ $20.9 million <br /> (C) LRT operating cost = $59.1 million 5% = about $3 million ($2.955 million) <br /> (D) Overall funds for bus service. This would appear to combine the costs for <br /> several categories: MLK bus lanes ($24.5 million), bus operations ($106.8 million), buses <br /> ($17.6 million), and bus capital projects ($6.7 million). <br /> The total amount is $155.6 million. If that total is correct, 5% _ $7.78 million <br /> 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 /> Commissioner Gordon noted that the amount of money in a "material" change varies greatly <br /> from one category to another. <br /> Wib Gulley said that A, B, C, D, and E speak to different circumstances. He said that <br /> the logic is that you can bring every change to the plan and it has to be brought back to all <br /> three parties. Some changes are so small that the thought was to look at meaningful changes <br /> only to the plan. <br /> Chair Pelissier suggested getting a revised copy at the next meeting and if there are <br /> questions, then the County Commissioners can submit those with comments to staff. <br /> Commissioner Gordon said that the next TAC meeting of the Durham-Chapel Hill- <br /> Carrboro MPO is October 10th. She said that it is critical to have this Implementation <br /> Agreement finalized by October 10th before the referendum goes to the voters in November. <br /> 8. Reports <br /> a. Update on the NC Mountains-to-Sea Trail — Oranqe County Section <br /> The Board considered an update on the progress of establishing a section of the NC <br /> Mountains-to-Sea State Trail through Orange County, as directed by the Board in June. <br /> Director of the Department of Environment, Agriculture, Parks, and Recreation Dave <br /> Stancil made a PowerPoint presentation. <br /> Land Conservation Manager Rich Shaw presented a portion of the PowerPoint <br /> presentation. <br /> NC Mountains-to-Sea Trail <br /> Orange County Section <br /> NC Mountains-to-Sea Trail (MST) <br /> What and Where is the MST? <br /> • Concept in 1973 (proposed rustic trail thru 37 counties) <br /> • Authorized by Gen. Assembly 2000 (NC Park System) <br />