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Agenda - 04-27-2017 - 1 - Consideration of the Final Draft Durham – Orange Light Rail Cost Sharing Agreement and Final Draft Orange County Transit Plan
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Agenda - 04-27-2017 - 1 - Consideration of the Final Draft Durham – Orange Light Rail Cost Sharing Agreement and Final Draft Orange County Transit Plan
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4/26/2017 4:06:16 PM
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BOCC
Date
4/27/2017
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Work Session
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Agenda
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1
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2017-153 Co. Mgr. - GoTriangle - Interlocal Agreement for Cost Sharing for the Durham-Orange Light Rail Transit Project
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\Board of County Commissioners\Contracts and Agreements\General Contracts and Agreements\2010's\2017
Minutes 04-27-2017
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\Board of County Commissioners\Minutes - Approved\2010's\2017
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105 <br /> lowest-ridership stations in current projections, and are both relatively closely spaced <br /> with the Friday Center station. <br /> • Single-tracking on one or more bridges.Three segments have been identified as <br /> candidates:the UNC aerial guideway, the NC 54 aerial guideway, and the New Hope <br /> Creek aerial guideway. Implementing these cuts would significantly negatively affect <br /> operational flexibility and reliability of the system by introducing "choke points" along <br /> the alignment.The effects of single-tracking in multiple segments would be worse than <br /> implementing only one. During Engineering, an operational study would be required to <br /> confirm the operational impacts of implementation of one or more of these cuts. <br /> C) Savings Associated with Property Donations from D-O LRT Project Partners—The <br /> budget includes several costs associated with obtaining right-of-way for the <br /> D-O LRT Project: (a)the actual anticipated cost of the property, (b)a contingency in <br /> case the value of the property exceeds the estimate, and (c) administrative costs <br /> associated with making the purchases. When a project partner donates property to <br /> the project,these costs are avoided. <br /> Avoided Costs Associated w/Property Donations from Project Partners—$40 million <br /> The current financial plan for the D-O LRT Project takes into account item (a) above for <br /> properties that are expected to be donated based on memoranda of understanding <br /> (MOUs) and letters of intent (LOIs) received from public, institutional, and commercial <br /> property owners in the light rail corridor as of December 2016. When these <br /> transactions occur,the additional savings from items (b) and (c)will be realized.This <br /> would result in a total additional cost savings of approximately$25 million YOE based <br /> on the current cost estimate. <br /> GoTriangle is pursuing additional property donations in the D-O LRT Project corridor, <br /> beyond those already identified as of December 2016.The estimated cost savings <br /> associated with these potential additional donations is approximately$15 million YOE. <br /> D) Cost Transfer to Project Partners—There are many project elements included in the D-O LRT <br /> Project scope that are "separate enough" from the light rail system itself that they could be <br /> efficiently constructed by other parties. If project partners agree, the cost of these items could <br /> be paid for, either in full or in part, outside of the Tax District Revenues contributed by Durham <br /> and Orange Counties and committed to the D-O LRT Project. <br /> Cost Transfer to Project Partners—$55 million <br /> To date, the design team has identified two categories of items that could be considered for <br /> construction separately from the D-O LRT Project: <br /> • Pedestrian bridge and roadway/parking reconfiguration at UNC ($10 million) <br /> • Parking deck at Alston Avenue station ($45 million).This parking deck is needed to <br /> provide park-and-ride capacity at the east end of the alignment, and must be <br /> constructed on a schedule tied to the D-O LRT Project construction. It may also serve the <br /> 8 <br />
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