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13 <br /> III. „lr, 141 o n I/l <br /> ���rlr�� ���� ��������rr���ll�ll�������///////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////rra <br /> GoTriangle Complete DOLRT application to Sign contract, begin DOLRT Apply to include DOLRT <br /> fiction Engineering Phase Engineering Phase in President's Budget <br /> Provide non-binding letter of intent to work Review/Approve updated Commit any local funds <br />_ocal Gov't Action w/GoTriangle to identify funds to complete county Transit Plans with be part of DOLRT <br /> DOLRT planned revenue assumptions financial plan <br /> staff Working Work with GoTriangle to refine County Present revised plan to elected Review Plan Progress <br /> 3roup Transit Plan Assumptions officials w/GoTriangle <br />'rivate Partners Provide non-binding letters of intent for Additional commitments Sign agreements to <br /> land/other commitments identified make commitments offic <br /> Town Council Member Cianciolo asked Danny Rogers if he could identify when the <br /> Federal Transportation Administration (FTA) dropped the cap from $125 to $100 million. <br /> Danny Rogers said this information was received in the last 3 weeks. <br /> Town Council Member Ciancolo asked if up until that time there was no gap. <br /> Danny Rogers said yes. <br /> Town Council Member Cianciolo asked what will happen if the FTA funding drops back <br /> to $75 million. <br /> Danny Rogers said the $100 million has been the bar that the FTA has used for a <br /> while. <br /> Chair McKee said there is a new day in Washington, and it is an unknown. He asked if <br /> money spent will be reimbursed, if approval is not received in April. <br /> Danny Rogers said if there is a full funding grant agreement with FTA, and all money <br /> spent so far is eligible for reimbursements. He said if engineering does not begin by the end <br /> of February, the project will fall out of the New Starts program. He said if the project is able to <br /> get back into the New Starts program, the time period between leaving the program and being <br /> reinstated, would not be eligible for reimbursement. He said if the project does not proceed at <br /> all, then no monies are eligible for reimbursement. <br /> Chair McKee said this is the first he has heard of this information in the last six years. <br />