Agenda - 05-21-2013 - 8a - Laserfiche WebLink

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Attachment 4 — Orange County Planning Staff has attached the agenda and meeting notes from an April 29, 2013 meeting with TT. Planning Staff will also be available to answer questions. Triangle Transit, Orange Public Transit (OPT), and Planning Staff will be meeting regularly over the next several months to work towards orderly implementation of the previously mentioned OCBRIP elements. FINANCIAL IMPACT: Although this early initialization report of the OCBRIP does not have an immediate financial impact, the associated activity begins a process to expend approximately: • $6 Million per year of half -cent transit sales tax revenue; • $7 County vehicle registration fees; • Future $3 regional /TT vehicle registration fees; and • Existing regional /TT rental car tax revenues. The Countywide bus program (i.e. Chapel Hill Transit, TT and OPT) builds from approximately $850,000 in year one to approximately $3.7 Million in year five. Other monies are being reserved for an Amtrak station and other park and ride facilities. However, continued development of the Light Rail Transit (LRT) component over the next two years has been estimated by TT as between $30 -$36 Million. The Board may wish to seek a more definitive understanding of how these expenses will be incurred and any residual expenses that could be associated with expanded TT staffing relative to the Orange County Transit Plan. RECOMMENDATION(S): The Manager recommends the Board- 1 . Receive the update from TT staff; and 2. Provide feedback.