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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2 Regional Public Transportation Authority ("Go Triangle'); Durham County; Orange County; Wake County; Capital Area Metropolitan Planning Organization; Durham, Chapel-Hill, Carrboro Metropolitan Planning Organization,-and Burlington-Graham Metropolitan Planning Organization (See "Agreement" at Attachment 2). The purpose of this Agreement is to set forth the formal approval of the Financial Plan for the Special District as required by the Act and a mutual understanding among the parties as to the financial terms and conditions governing the collection and expenditure of revenues for transit systems within the (expanded) Special District. In order for Wake County and its municipal and transit partners to remain on schedule for the anticipated November 8, 2016 advisory referendum, Wake County is requesting final approval of both the Wake Transit Plan (incorporating the Wake County Financial Plan) and the proposed Agreement on or before August 12, 2016 via the attached authorizing resolution. Attachment 1, a letter from Wake County Manager Jim Hartmann, summarizes the Wake Transit Plan and Agreement; specifically pages 2 and 3 of the letter (Attachment 1) and Attachment 2 as noted above. The Capital Area Metropolitan Planning Organization and the Go Triangle Board have approved the Wake Transit Plan and agreement. Staff is presenting these materials for Board approval at this time since the next regular Board meeting in September would be past the approval timeline. FINANCIAL IMPACT: The Agreement ensures the addition of Wake County to the Special District will not alter or disrupt the implementation or governance of the Durham-Orange Transit Plan. The Agreement acknowledges that the transit plans within the Special District are parallel and separate. To that end, the Agreement provides that 100% of all transit revenues collected on behalf of Durham and Orange counties will remain solely dedicated and segregated for the benefit of the Durham-Orange Transit Plan. Likewise, all transit revenues collected on behalf of Wake County will be segregated and solely dedicated to fund the Wake Transit Plan. To the extent that there are regional transit projects crossing the jurisdictional boundaries of Wake, Durham or Orange counties, the Agreement clarifies that nothing restricts the parties from entering into Cost Sharing Agreements for the same. SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goals are applicable to this item: • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY The creation and preservation of infrastructure, policies, programs and funding necessary for residents to provide shelter, food, clothing and medical care for themselves and their dependents. • GOAL: CREATE A SAFE COMMUNITY The reduction of risks from vehicle/traffic accidents, childhood and senior injuries, gang activity, substance abuse and domestic violence.