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28 <br /> • Refinement of funding shortfall need <br /> • Evaluation of additional revenue sources <br /> Jeff Mann resumed the PowerPoint presentation: <br /> Key Dates <br /> Jan. 2020 Full Funding Grant Agreement (FFGA) with FTA <br /> Oct. 2019 Submit request for FFGA with FTA— requires 100% of funding to be committed <br /> Jun. 2019 Inclusion in State Transportation Improvement Program (STIP) — State <br /> participation committed <br /> Dec. 2018 Inclusion in Draft STIP - State share defined, but not committed <br /> Jun. 2018 Request to be in President's budget— requires 50% of non-New Starts funds to <br /> be committed <br /> Apr. 2017 Update of Transit Plans and execution of full General Engineering Consultant <br /> (GEC) and Program Management Consultant (PMC) contracts <br /> Getting to April 2017 <br /> Dec. 2016 <br /> • Deadline for GoTriangle to request entry into FTA Engineering phase for D-O LRT <br /> Project <br /> • Non-binding MOU to work with GoTriangle and other community partners to identify <br /> funds to complete the D-O LRT Project <br /> • The counties are not being asked to invest any additional funds for the project at this <br /> time <br /> Jan. -Apr. 2017 <br /> • Revise and finalize financial plan <br /> • Monthly Transit Plan financial updates to County, MPO, and GoTriangle Boards <br /> Mar. 2017 <br /> • Present for information the full GEC and PMC contracts <br /> Apr. 2017 <br /> • County, MPO, and GoTriangle Boards review updated Transit Plans with potential <br /> additional revenue assumptions <br /> • Execution of GEC and PMC contracts required to maintiain proposed construction <br /> schedule <br /> Next Steps <br /> • Obtain approval from Orange (Dec. 5) and Durham (Dec. 12) Boards of County <br /> Commissioners to submit financial plan to FTA that includes potential additional local <br /> funding: <br /> o "Subject to and contingent upon any authorizations required by Orange County, <br /> including the Orange County Board of Commissioners, Orange County agrees <br /> to cooperate with the local municipalities and work together to identify, develop, <br /> and implement additional funding mechanisms to directly support the D-O LRT <br /> Project." <br /> • Obtain similar approvals from MPO (Dec. 14, 2016) <br /> • Continue to work with local partners to identify potential additional local revenue <br /> sources prior to approving full GEC and PMC contracts in April 2017 <br /> • Note: No additional local funds will be spent on the D-O LRT Project prior to receiving <br /> a Full Funding Grant Agreement (FFGA) from FTA in 2020 <br />