Agenda - 04-01-2014 - 6a - Laserfiche WebLink

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9 1 The Board made a recommendation to the North Carolina Department of Transportation 2 (NCDOT), and in turn the North Carolina Board of Transportation (NC BOT), concerning a 3 petition to add a total of four (4) subdivision roads in Wyndfall Subdivision to the State 4 Maintained Secondary Road System. 5 j. Impact Fee Reimbursement Request 6 The Board approved an impact fee reimbursement request from Habitat for Humanity of 7 Orange County, NC, Inc. for $114,053 for eleven (11) homes recently constructed in the 8 County. 9 10 7. Regular Agenda 11 12 a. Triangle Transit Update on Implementation of the Orange County Bus and Rail 13 Investment Plan 14 The Board received an update on Triangle Transit's (TT) annual report on the Orange 15 County Bus and Rail Investment Plan (OCBRIP), a preview of Plan updates, and additional 16 revenue from the one-half cent sales tax for transit. 17 Triangle Transit Executive Director David King said the Commissioners are being given 18 the annual report of the Orange County Bus and Rail Investment Plan. He noted that the tax 19 collections began in April; so there was very little financial activity, and Orange County's intake 20 was just under $1 million. He said a full year's tax collection should equal around $6 million. 21 He said John Tallmadge has been leading a staff working group, which consists of 22 Orange County staff, as well as folks from Chapel Hill and Carrboro to do all of the detailed 23 work. He said John Tallmadge will review this information, as well as the financial plan 24 assumptions and some of the work that has been done with Orange County and the northern 25 rural areas. 26 John Tallmadge said there is an inter-local implementation agreement between the 27 County Commissioners, Triangle Transit's Board of Trustees and the Metropolitan Planning 28 Organization (MPO) Transportation Advisory Committee. He said one of the provisions is that 29 the plan will be reviewed every 4 years unless someone has a concern prior to that time, in 30 which case the group can convene to review the issue. 31 John Tallmadge said this plan was adopted in 2012, and shortly after this the federal 32 government adopted a new funding law that changed how bus capital funding was to be done. 33 He said the N.C. General Assembly also recently changed how state funding of transportation 34 is done. 35 He said the changes mean that all federal funds for bus projects are done through a 36 formula that funds at a much lower level. He said the 2012 plan assumed that 80 percent of 37 every vehicle purchase would be available in federal grants, with a 10 percent match from the 38 state. He said there is a lot more competition at the state level, and there are different rules 39 now. He said there was concern that waiting for the above assumptions before spending local 40 dollars would result in a long wait, and the promises of the plan would not be delivered. 41 He said for that reason Triangle Transit (TT) decided to revisit those assumptions with their 42 partners. He said the receipts of sales taxes levied last year were higher than the original 43 assumptions in the adopted plan. He said all parties involved were asked to weigh in on 44 whether those assumptions should be adjusted. He said these were the drivers for the process 45 of looking at the plan now, instead of waiting 4 years to do a revision. 46 He referred to a table with three columns shown in the abstract attachment 1(b), labeled 47 Comparison of Draft Financial Model Update Assumptions to Adopted Plans. 48 Chair Jacobs asked if this could be put on the screen for the public to view. 49 John Tallmadge reviewed this sheet. He said TT is expecting less federal and state 50 dollars to provide these services, and this is offset by better tax revenue receipts and the