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Agenda - 06-21-2016 - 7-d - Addition of Wake County to the Renamed Triangle Tax District and Approval of the Wake County Transit Plan and Multiparty Interlocal Transit Agreement
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Agenda - 06-21-2016 - 7-d - Addition of Wake County to the Renamed Triangle Tax District and Approval of the Wake County Transit Plan and Multiparty Interlocal Transit Agreement
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8/15/2016 10:05:10 AM
Creation date
6/17/2016 10:42:47 AM
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BOCC
Date
6/21/2016
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
7d
Document Relationships
2016-437 BOCC - Clerk to the Board Certification of Action of the OC BOCC - 6-21-16, Item 7-d
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2016
Minutes 06-21-2016
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Path:
\Board of County Commissioners\Minutes - Approved\2010's\2016
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17 <br /> With a copy to <br /> For BG-MPO: <br /> With a copy to <br /> For CAMPO: Capital Area Metropolitan Planning Organization <br /> Executive Director <br /> One Bank of America Plaza <br /> 421 Fayetteville Street, Suite 203 <br /> Raleigh,NC 27601 <br /> With a copy to: <br /> For Wake County: Wake County Manager <br /> Wake County Justice Center <br /> 301 S. McDowell St. <br /> Raleigh, NC 27601 <br /> With a copy to Wake County Attorney <br /> Wake County Justice Center <br /> 301 S. McDowell St. <br /> Raleigh, NC 27601 <br /> ARTICLE IV <br /> THE TRIANGLE TAX DISTRICT FINANCIAL PLAN <br /> 4.01 Financial Plan. The Financial Plan for the Triangle Tax District shall be the two <br /> financial plans referred to herein as the "Western Triangle Financial Plan" and the "Wake <br /> County Financial Plan," said plans being incorporated by reference and attached hereto as <br /> Exhibits A and B. hereinafter jointly referred to and combined as the "Triangle Tax District <br /> Financial Plan." <br /> a) Western Triangle Financial Plan. The Plan attached hereto as Exhibit A, which shall .. . I comment[wc3]:Neeatoknowiftheieisa <br /> continue to govern the expenditure-ofaiCp-roceects collecte(f on-beh-alf of Durham-a-net- s a mrrnancial p tan^ifor,the Durham-Orange <br /> Orange counties by and through GoTriangle, as administrators of the Durham-Orange --- - <br /> Transit Plan. <br /> b) Wake County Financial Plan The Plan attached hereto as Er:hibit B, which shall govern <br /> the expenditure of any proceeds collected on behalf of Wake County by and through <br /> GoTriangle for the implementation of the Wake County Transit Plan. For clarity, all <br /> Wake County Tax Revenue and Wake County Transit Revenue collected by and through <br /> GoTriangle shall be accounted for separate and apart from any revenues collected on <br /> behalf of Durham and Orange counties in strict compliance with the financial terms <br /> outlined in the Transit Governance lnterlocal Agreement. <br /> 10 <br />
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