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3, <br />Options for Downtown Hillsborough Campus Shuttle Service <br />All options assume that Orange Public Transportation would provide the service. <br />Ootion A Option B <br /> <br /> <br />Description of Service <br />Two twenty-four passenger buses <br />running 11 hours per day Two separate park & ride lots with <br />one located on the south end of <br />Hillsborough and the other on the <br />north end of Hillsborough <br /># Buses in Service During <br />Operational Hours 2 4 <br />Hours of Operation 7:00 a.m. until 6:00 p.m. 7:00 a.m. until 6:00 p.m. <br />Total Personnel Services Cost $187,521 $360,615 <br />Total Annual Operating Costs $62,680 $138,300 <br />Total Annual On-Going Costs $250,201 $498,915 <br />Ca ital Costs <br />Twenty-Four Passenger Bus $181,600 $363,200 <br />Shelter for Riders $75,000 $125,000 <br />Total Ca ital Costs $256 600 $488,200 <br />Total Full Year Costs -Year 1 $506,801 $987,115 <br />The fiscal year 2006-07 approved General Fund budget included a reserve fund of $150,000 to <br />cover operational costs of the park/ride shuttle service for a portion of the year. In addition, the <br />2006-16 Capital Investment Plan (CIP) included an appropriation of $50,000 in the current fiscal <br />year for capital related costs of the shuttle service. <br />Should the Board approve the parking options outlined in the Background section of this agenda <br />abstract, the annual operating costs for the current fiscal year (2006-07) would total $4,500 (staff <br />anticipates the Cameron Street lot lease would begin April 2007) followed by a full-year lease of <br />$18,000 in fiscal year 2007-08. <br />The table below summarizes the funding required for the Cameron and King Streets parking <br />options: <br />Summary of Funding Required for Cameron and King Street Parking Options <br />Fiscal Years 2006-07 and 2007-OS <br /> api a Hues men <br /> General Fund Operations Funding <br />Approved Fiscal Year 2006-07 Parking Options Budget $150,000 $50,000 <br /> <br />Fiscal Year 2006-07 Funding Needed for Cameron and <br />King Street Parking Options (see Background section) $4,500 $25,000 <br />Fiscal Year 2007-08 Funding Nee ed for Cameron ,and <br />King Street Parking Options (see Background section) $18,000 $0 <br />