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12 <br /> 1 Ways to Resolve the Funding Gap <br /> 2 Scenario 1: 10% State Funding, Walden 2014 Forecast, $100M FTA Cap- graph <br /> 3 <br /> 4 Next Steps <br /> 5 • Obtain approval from Orange County Board of County Commissioners to submit <br /> 6 financial plan to FTA that includes planned additional local funding at their December 5, <br /> 7 2016 meeting and they would be asking Orange County to: <br /> 8 o "Subject to and contingent upon any authorizations required by Orange County, <br /> 9 including the Orange County Board of Commissioners, Orange County agrees to <br /> 10 cooperate with the municipalities within the county and work together to identify, <br /> 11 develop, and implement additional funding mechanisms to directly support the <br /> 12 D-O LRT Project by October, 2019." <br /> 13 • Obtain similar approvals from Durham (November 29, 2016) and the DCHC MPO <br /> 14 (December 14, 2016). <br /> 15 • <br /> 16 <br /> 17 • Continue to work with local partners to define details of additional local revenue sources <br /> 18 to have available for reference prior to approving Final Design phase of General <br /> 19 Engineering Consultant contract in April 2017. <br /> 20 • Note: No additional local funds will be spent on the D-O LRT Project prior to receiving a <br /> 21 Full Funding Grant Agreement (FFGA) from FTA in 2020. <br /> 22 <br /> 23 <br /> 24 <br />