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23 <br /> other parties in considering the status and impacts of possible bus service changes to the Plan. <br /> The SWG members and the other parties shall strive to reach consensus recommendations for <br /> any changes in bus services provided under the Plan in light of their shared interest in <br /> maximizing the effective use of scarce transit funding <br /> 13. Eight years after the date of execution of this Agreement,the Parties agree to <br /> assess if the New Starts application for the LRT project in the Plan is still in the federal pipeline <br /> for New Starts rail projects and making reasonable progress to receive federal-funding and <br /> whether the LRT project remains under consideration for state funding. If either funding <br /> opportunity is no longer available the Parties agree to work collaboratively to develop an <br /> Alternative Bus and Rail Investment Plan which reflects this fact and sets out revised funding for <br /> transit projects and services. <br /> 14. Recommendations for change to the Plan may be made by a Party to this <br /> Agreement or by any Orange County resident,group or organization. Recommendations for a <br /> change or revision shall be submitted to the General Manager of TTA,who shall forward the <br /> recommendation to the SWG for its review,consideration and advice. The SWG shall fully <br /> consider any recommendation for change in the Plan and report back to the Parties. The report <br /> of the SWG shall include its opinion on the recommended change along with the <br /> recommendation itself. In the event that the three SWG voting members cannot agree on a <br /> shared opinion of any recommended change,then both majority and minority perspectives on <br /> the recommended change may be provided to the Parties. Additionally,any citizen or group <br /> may submit its opinion on the recommended change to the Parties as well. <br /> 15.Any proposed material change to the Plan shall be effective only upon its approval <br /> by each and every Party to this Agreement,namely the Orange BOCC,the DCHC,and TTA. <br /> 16.Any proposed change to the Plan shall be deemed non-material unless it involves <br /> one of the following: <br /> (A) An annual increase or decrease in total revenues from the Plan revenues <br /> (sales tax revenues,vehicle registration fee revenues,and rental vehicle tax <br /> revenues)of 5% or more;or <br /> (B) An annual increase or decrease in the project capital cost(including <br /> financing)of the LRT project in the Plan of 10%or more prior to entering final <br /> design and 5%or more thereafter;or <br /> (C) An annual increase or decrease in the overall project operating costs of the <br /> LRT project in the Plan of over 5%or more; or <br /> (D)An annual increase or decrease in the overall funds provided for bus service <br /> in the Plan of 5%or more; or <br /> (E) An annual increase or decrease in the funds provided to Orange,the Chapel <br /> Hill/Carrboro/UNC Partnership,or TTA for bus service of more than 5%of the <br /> amount provided in the Plan or more than$300,000,whichever is greater. <br /> Page 14 <br />