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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30 Orange County Transit Plan April 25, 2017 1. About this Plan Law This Orange County Transit Plan, referred to herein as this The updated Orange and Durham Transit Plans strengthen the "Plan," "updated Plan," "2017 Plan," and/or "Plan update," communities' long-standing support of transit both to facilitate contains a program of transit services and projects to be funded a compact, walkable community and to help lower-income by the dedicated local revenues for transit in Orange County residents and employees who rely on transit for their daily over the period from 2017 to 2045. needs. Before implementing the original Bus and Rail Investment Plans in 2011 and 2012, the counties, There are four dedicated revenue streams used to fund the municipalities, and UNC and Duke had been making significant local share of projects and services in this Plan, referred to investments in transit. Today, about 72,000 people ride transit throughout the Plan as Tax District Revenues. These revenues each weekday in the two counties due in large part to the high are collected in both Durham and Orange Counties; the level of transit service provided. In fact, on a per capita basis, revenues governed by this Plan are those collected in Orange Orange County and Durham County provide more bus service County. These four dedicated Tax District Revenue streams are than transit-rich areas such as Portland, Oregon and as follows: Minneapolis-St. Paul, Minnesota. • Article 43: Half-Cent Sales and Use Tax To strengthen the region's transit investments, the Plans build • Article 50: Five-Percent Vehicle Rental Tax on this strong base by providing enhanced bus service that • Article 51: Three-Dollar increase to GoTriangle Regional improves existing service and connects with new destinations, Vehicle Registration Fee investing in a light-rail system that will spark compact and • Article 52: Seven Dollar County Vehicle Registration Fee sustainable economic development along existing urban areas, and providing enhanced access to transit and improved bus This Plan is the first update of the Orange County Bus and Rail facilities including hundreds of improved bus stops, transit Investment Plan adopted in 2012, referred to herein as "the centers, and park-and-rides. Overall, these investments will original Plan" or "the 2011 Plan." benefit all members of our community and help Chapel Hill, Carrboro, Hillsborough, and Durham grow in ways that Durham County has a similar plan referred to herein as "the promote transit, walking, and bicycling while protecting our Durham Plan." The plans are collectively referred to as "the sensitive natural environment. Durham and Orange Transit Plans." The population of Orange County and Durham County have Some dates in this document are reported as fiscal years. The grown dramatically over the last few decades, and this growth fiscal year for the tax district begins July 1 and ends June 30. is expected to continue. By 2045, Orange County is expected to Final Page 6 of 65