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18 <br /> 4.02 Equitable Use of Net Proceeds within the Triangle Tax District. In accordance with <br /> N.C.G.S. 105-508.1, the Parties hereby acknowledge that the Western Triangle Financial Plan <br /> and the Wake County Financial Plan, as further described in Section 4.01, above, were modeled <br /> at different times, for separate geographical boundaries and transit systems within those <br /> boundaries, and with different assumptions. As such, the Parties hereby agree that pursuant to <br /> N.C.G.S. 105-508.1, the "equitable use" of all Wake County Tax Revenue and Wake Transit <br /> Plan Revenue collected by and through GoTriangle in administration of the Triangle Tax District <br /> shall be as defined pursuant to Section 2.02, above. The Parties further agree that a segregation <br /> of all Wake County Tax Revenue and Wake Transit Plan Revenue and all expenditures of the <br /> same as dictated by the Wake County Transit Plan as defined in Section 2.12, above, is an <br /> "equitable use"of said revenues, for the benefit ofthe Triangle Tax District. <br /> 4.03 Approval of the Wake County Financial Plan. By execution of this Agreement, the <br /> Parties signify their approval of the Wake County Financial Plan in accordance with N.C.G.S. <br /> 105-508.1. <br /> 4.04 Oversight, Implementation& Amendments to the Financial Plan.. Nothing herein <br /> shall confer any right, duty, oversight, or authority upon Durham County, Orange County, <br /> DCHC-MPO, BG-MPO, or CAMPO to amend, review or approve any revisions or modifications <br /> to the Wake County Financial Plan or any aspects related to the implementation of the Wake <br /> County Transit Plan. Likewise, nothing herein shall confer any right, duty, oversight, or authority <br /> upon Wake County, DCHC-MPO, BG-MPO, or CAMPO to amend, review or approve any <br /> revisions or modifications to the Western Triangle Financial Plan or any aspects related to the <br /> implementation of the Durham-Orange Transit Plan. <br /> 4.06 Modeling of the Financial Plan. Consistent with the financial segregation of all Wake <br /> County Tax Revenues and Wake Transit Plan Revenues from any and all plans or projects not <br /> included in the Wake County Transit Plan, the Wake County Financial Plan shall be modeled <br /> and presented separate and apart from any other financial plan of the Tax District, including the <br /> Western Triangle Financial Plan. <br /> ARTICLE V <br /> INDEPENDENCE OF TRANSIT PLANS AND LIMITATIONS OF THE PARTIES <br /> 5.0 [ Independence of the Transit Plans. Durham County, Orange County, DCHC-MPO and <br /> BG-MPO, by virtue of this Agreement hereby acknowledge they do not have any authority, <br /> control, or input in the administration, implementation or governance of the Wake County <br /> Transit Plan or any financial components associated with the same. Notwithstanding the above, <br /> it is acknowledged that the GoTriangle Board of Trustees has representative membership from <br /> Durham and Orange counties. Likewise, Wake County and CAMPO, by virtue of this <br /> Agreement hereby acknowledge they do not have any authority, control, or input in the <br /> administration, implementation or governance of the Durham-Orange Transit Plan or any <br /> financial components associated with the same. Notwithstanding the above, it is acknowledged <br /> that the GoTriangle Board of Trustees has representative membership from Wake County. <br /> II <br />