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16 <br /> 1 Durham County and 22.95% of the capital cost to Orange County. Operating costs were <br /> 2 allocated on a 76.05% share for Durham County and a 23.95% share for Orange County. The <br /> 3 Davenport analysis (attached) uses different cost share assumptions for capital and operating <br /> 4 costs in an effort to model the financial implications of using different cost allocations. Cost <br /> 5 share discussions between the two counties are ongoing and could produce a different scenario <br /> 6 than the one modeled in this analysis. <br /> 7 <br /> 8 Ted Cole made the following PowerPoint presentation: <br /> 9 D-O Light Rail Discussion Materials- Draft Based Upon Scenario 3 v9 C: <br /> 10 <br /> 11 Topics for Discussion <br /> 12 ➢ DO LRT Near Term Schedule of Required Actions <br /> 13 ➢ DO LRT Long Term Project Schedule <br /> 14 ➢ County Transit Plans —What's Included / Excluded <br /> 15 ➢ DO LRT Project Cost/ Funding Sources & Plan of Finance <br /> 16 ➢ GoTriangle Financial Model: Major Revenue/ Expenditure Assumptions <br /> 17 ➢ Projected Results (Scenario 3 v9 C) <br /> 18 ➢ Financial Model Observations, Key Drivers, and Risk Factors <br /> 19 ➢ Potential Orange County Credit & Cash Flow/ Budget Implications <br /> 20 ➢ Wrap-Up & Items for Consideration <br /> 21 <br /> 22 DO LRT Near Term Schedule of Required Actions <br /> 23 <br /> Cost Share Agreement negotiations <br /> Ongoing <br /> March 27thand 29th Briefing to Orange County Board on DO LRT project, related models, and <br /> schedule <br /> March 29th Briefing to Durham-Chapel Hill-Carrboro MPO on Draft Plans <br /> March 29th—April 3rd Public Comment Period for Draft Plans <br /> April 3rd Presentation on Draft Durham County Transit Plan, updates on <br /> agreements <br /> April 3rd-12th Briefings to Chapel Hill, Carrboro, Durham, and Hillsborough on Draft <br /> County Plans <br /> April 4th Orange County Board Meeting <br /> ❑Financial Plan Analysis presented to Orange County Board <br /> April 11th Potential public hearing on Draft Durham County Transit Plan <br /> April 12th <br /> ❑Presentation to Durham-Chapel Hill-Carrboro MPO on Draft Plan, and <br /> project cost-sharing agreement and Public Hearing <br /> April 18th Orange County Board Meeting <br /> ❑Presentation on Draft Orange County Transit Plan and update on project <br /> cost-sharing agreement <br /> ❑Public hearing on Draft Orange County Transit Plan <br /> April 24th Action on Final Durham County Transit Plan, and project cost-sharing <br /> agreement <br /> April 26th GoTriangle Action on Final County Transit Plans <br />