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2016-472 County Atty - Wake County, et al - Interlocal Agreement re Mutual Understanding as to the Scope and Content of the Financial Plan (not final)
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2016-472 County Atty - Wake County, et al - Interlocal Agreement re Mutual Understanding as to the Scope and Content of the Financial Plan (not final)
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5/24/2018 4:34:02 PM
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9/1/2016
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Agreement
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R 2016-472 Co. Atty. - Wake County, et al - Interlocal Agreement re Mutual Understanding as to the Scope and Content of the Financial Plan
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approved by those counties. The Parties agree the Financial Plan for the <br /> Special District will segregate the Wake County Transit Plan, Wake Tax <br /> Revenues, and Wake Transit Plan Revenues from any and all plans in support <br /> of projects not included in the Wake County Transit Plan. <br /> (2) As related to the Durham and Orange Bus and Rail Investment Plans: <br /> (a) Durham County: With respect to Durham County, the approved Financial <br /> Plan shall mean the Durham County Revenues and the Durham Financial Plan <br /> Data sections set forth on pages 12-15 of The Durham County Bus and Rail <br /> Investment Plan and any other financial terms or appendices included therein, <br /> being that same Plan approved by Durham County, GoTriangle, and DCHC- <br /> MPO on or about on June 27, 2011, June 22, 2011 and June 22 2011 <br /> respectively. <br /> (b) Orange County: With respect to Orange County, the approved Financial Plan <br /> shall mean the Orange County Revenues and the Orange Financial Plan Data <br /> sections set forth on pages 22-29 of The Bus and Rail Investment Plan in <br /> Orange County and any other financial terms or appendices included therein, <br /> being that same Plan approved by Orange County, GoTriangle, BG-MPO and <br /> DCHC-MPO, on or about October 2, 2012, June 27, 2012, August 21, 2012, <br /> and October 22, 2012. <br /> 2.05 "NON-WAKE COUNTY TAX REVENUES" shall mean all revenues collected on <br /> behalf of member counties other than Wake County within the Tax District or Special District <br /> that are derived from transit funding sources associated with counties other than Wake County. <br /> 2.06 "SPECIAL DISTRICT" or"TAX DISTRICT" shall mean any tax district administered <br /> by GoTriangle pursuant to authorizing resolutions and N.C.G.S. 105-508 et seq. or N.C.G.S. <br /> 105-561 et seq, to which Wake County is a member, now or in the future. <br /> 2.07 "TRANSIT PLANS" shall mean the joint reference to the Wake County Transit Plan and <br /> the Durham and Orange Bus and Rail Investment Plans as used herein. <br /> 2.08 "TRANSIT PLANNING ADVISORY COMMITTEE"or"TPAC" shall mean an <br /> advisory committee as that term is defined in N.C.G.S. 160A-462, created and tasked with <br /> certain duties and responsibilities as detailed within the Wake Transit Governance Interlocal <br /> Agreement for the implementation of the Wake County Transit Plan. <br /> 2.09 "WAKE TRANSIT GOVERNANCE INTERLOCAL AGREEMENT"shall mean the <br /> Interlocal Agreement entered into between GoTriangle, as administrator of the Triangle Tax <br /> District; Wake County, a body politic and corporate; and CAMPO, the Metropolitan Planning <br /> Organization in Wake County for the implementation and governance of the Wake County <br /> Transit Plan; and <br /> 2.10 "TRIANGLE TAX DISTRICT" shall mean the tax district, also referred to as the <br /> 7 <br />
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