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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46 Orange County Transit Plan April 25, 2017 No federal funds are assumed to cover the costs of new or Now, state funding for the project is programmed in the State replacement vehicles for any of the transit providers. Transportation Improvement Program at 91.5 percent of the project cost. The remaining 8.5 percent is to be funded by Tax District Revenues. In 2013, the State of North Carolina passed the Strategic L_ Transportation Investments law that changed how - - - - - --- transportation funding decisions are made. The 2013 law The N-S BRT Project is planned to be funded through a created a 10 percent cap on the use of "regional tier" funding combination of Tax District Revenues and federal funds. for transit projects in any 7-year Transportation Improvement Program, limiting the availability of state revenues to an amount lower than assumed in the 2012 Plan. The 2012 Plan assumed the federal government would be a To address these changes, the 2017 Plan does not assume any significant funding partner for the N-S BRT Project at a 50 state revenues will be available for bus capital projects, percent share of total costs.Though changes were made to the meaning that Tax District Revenues will need to fund a higher federal transportation funding law, it authorized continued share of these projects. funding through 2020 for the Capital Improvement Grant program, which is assumed to be an essential funding source For new and replacement vehicles, Chapel Hill Transit and OPT for the BRT project. The Small Starts section of this grant now assume that the Tax District Revenues will cover 100 program would allow up to 80 percent of project costs, $100 percent of the costs. GoTriangle assumes the Tax District million, to be paid through the federal grant. In order to Revenues will cover 90 percent of the costs, with the remaining improve the competitiveness of the project for this funding,the 10 percent funded by state grants. 2017 Plan assumes that the N-S BRT Project will receive 70 percent of its funding from the federal government. The 2012 Plan also assumed the State would be a significant The Hillsborough Train Station project was assumed to be funding partner for the N-S South BRT Project at a 25 percent funded 80 percent by federal grants, 10 percent by state grants, share of the total costs,just as it had done for Charlotte for the and 10 percent by Tax District Revenues. construction of their two light rail projects. North Carolina's Strategic Transportation Investments law created a scoring Final Page 22 of 65