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23 <br /> 1 OCBRIP amendments will need to be approved by the three parties (Orange County, DCHC <br /> 2 MPO, and GoTriangle) to the Interlocal Implementation Agreement. Amendments are <br /> 3 scheduled to be complete by April 2017. GoTriangle's annual report for Fiscal Year 2016 (July <br /> 4 1, 2015 —June 30, 2016), expected to be received in the Manager's Office early this November, <br /> 5 will also include some information on next steps. <br /> 6 <br /> 7 Danny Rogers made the following PowerPoint presentation: <br /> 8 He said that he understood the financial portion is the priority of the Board of County <br /> 9 Commissioners tonight. <br /> 10 Chair McKee said he would like the financial portion to be reviewed before the addition <br /> 11 of the NCCU station. <br /> 12 <br /> 13 Durham-Orange Light Rail Transit <br /> 14 Project Update <br /> 15 November 15, 2016 <br /> 16 <br /> 17 Status of Durham-Orange LRT <br /> 18 • Addition of NCCU Station <br /> 19 • Entry Into Engineering <br /> 20 o On-schedule to complete submittal to FTA by December 31, 2016 <br /> 21 o Anticipated approval by FTA is by the end of February, 2017 <br /> 22 Biggest issue remaining is Financial Plan <br /> 23 • FTA funding assumptions change <br /> 24 • Funding Gap Remains <br /> 25 • 30% of Non-New Starts funding must be committed <br /> 26 • Revenues dedicated in the Plan meet this requirement <br /> 27 • Remainder must be planned <br /> 28 Entry into Engineering Schedule is Critical <br /> 29 FTA has required D-O LRT to be in Engineering by March or must drop out of New <br /> 30 Starts Program <br /> 31 Project expenses incurred when project is not in the process are not eligible for future <br /> 32 FTA reimbursement <br /> 33 Cost to date for project are reimbursable upon obtaining Full Funding Grant Agreement <br /> 34 (FFGA) <br /> 35 <br /> 36 State and Federal Transit Funding Changes Since Approval of Plan <br /> 37 Bus Service <br /> 38 • State: 7.5% <br /> 39 • Local: 92.5% <br /> 40 Vehicles, Bus Stops, Park and Rides <br /> 41 • Federal: 80% 4 38% <br /> 42 • State: 10% 4 8% <br /> 43 • Local/Other: 10% 4 54% <br /> 44 Light Rail, Commuter Rail <br /> 45 • Federal: 50% 4 50% <br /> 46 • State: 25% 4 10% <br /> 47 • Local/Other: 25% 4 40% <br /> 48 Bus Rapid Transit <br /> 49 • Federal: 50% 4 70% <br />