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22 <br /> 1 d. Addition of Wake County to the Renamed Triangle Tax District and Approval of <br /> 2 the Wake County Transit Plan and Multiparty Interlocal Transit Agreement <br /> 3 The Board considered voting to approve the addition of Wake County to the renamed <br /> 4 Triangle Tax District and approval of the Wake County Transit Plan and Multiparty Interlocal <br /> 5 Transit Agreement. <br /> 6 Bonnie Hammersley read a letter from Wake County- <br /> 7 <br /> 8 Western Triangle Tax District Partners: <br /> 9 <br /> 10 I am writing to provide you with an update on the Wake County Transit Plan and to request two <br /> 11 actions from your organization to facilitate the expected addition of Wake County to the <br /> 12 Triangle Tax District ("Special District"), the renamed and expanded district currently known as <br /> 13 the Western Triangle Tax District. Wake County's participation in the Special District, if the <br /> 14 funding is approved by Wake County voters through an advisory referendum, will allow our <br /> 15 region to continue to work cooperatively to expand and improve transit options for our strongly <br /> 16 linked communities. The actions requested are: <br /> 17 <br /> 18 1) Local Government Sales Tax Act ("the Act") N.C.G.S. 105-508, et seq. The Act requires that <br /> 19 in the event of expansion of the Special District, existing members must approve the financial <br /> 20 plan of any new member; and <br /> 21 <br /> 22 2) Approval & Execution of an Agreement Setting Forth the Mutual Understanding of the Parties <br /> 23 as to the Scope and Content of the Financial Plan Between Research Triangle Regional Public <br /> 24 Transportation Authority("GoTriangle'): Durham County; Orange County; Wake County, <br /> 25 Capital Area Metropolitan Planning Organization; Durham, Chapel-Hill, Carrboro Metropolitan <br /> 26 Planning Organization,- and Burlington-Graham Metropolitan Planning Organization <br /> 27 ("Agreement"). <br /> 28 <br /> 29 The purpose of this Agreement is to set forth the formal approval of the Financial Plan for the <br /> 30 Special District as required by the Act and a mutual understanding among the parties as to the <br /> 31 financial terms and conditions governing the collection and expenditure of revenues for transit <br /> 32 systems within the (expanded) Special District. <br /> 33 <br /> 34 In order for Wake County and its partners to remain on schedule for the anticipated November <br /> 35 8, 2016 advisory referendum, Wake County is requesting final approval of both the Wake <br /> 36 Transit Plan (incorporating the Wake County Financial Plan) and the proposed Agreement <br /> 37 enclosed herein on or before August 12, 2016 by authorizing resolution from your Board of <br /> 38 Commissioners or Executive Board. <br /> 39 <br /> 40 John Roberts said he had several conversations with the Wake County Attorney about <br /> 41 this item, and he submitted a specific motion which the Board would need to make tonight. He <br /> 42 passed out the motion. <br /> 43 Commissioner Dorosin asked if there is anything particularly special about this topic to <br /> 44 require a specially worded resolution. <br /> 45 John Roberts said no, and that this motion will just cover all bases. <br /> 46 Commissioner Pelissier said she has been following this closely, and waiting for Wake <br /> 47 County to do this so that plans can move forward. She expressed her support for the motion. <br /> 48 John Roberts said he is asking that the Manager be able to approve and execute the <br /> 49 agreement once it is in its final form. He said he does anticipate any substantive changes in <br /> 50 the final document, but it is not currently in its final form. <br />