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48 <br /> Orange County Transit Plan April 25, 2017 <br /> Assembly passed a law placing another cap of 10 percent of the • The inclusion of an additional station at North Carolina <br /> project cost for all light rail and commuter rail project costs. Central University, which adds an extra 0.6 miles of the <br /> This Plan assumes the state contribution to the D-O LRT Project light-rail alignment in Durham County <br /> will be 10 percent. • Changes to the alignment at the New Hope Creek <br /> This Plan addresses the reduction of state funding for the D-O Crossing extended the length of the alignment in <br /> LRT Project by committing a higher level of Tax District Revenue Durham County <br /> to the project than the original Plan. This Plan also assumes • A station proposed for Orange County, Meadowmont <br /> more borrowing against the anticipated Tax District Revenue Station, was replaced by Woodmont Station in Durham <br /> stream. County,which also shortens the length of the alignment <br /> in Orange County <br /> Representatives from Orange County, Durham County, and <br /> In the original Plan, the capital and operating costs for the D-O GoTriangle have entered into a separate cost-sharing <br /> LRT Project were shared by Orange and Durham counties. A agreement (the "Cost-Sharing Agreement") which has been <br /> cost sharing agreement between Orange County, Durham executed along with the Plan. The cost-sharing agreement <br /> County, and GoTriangle established the cost share that allocates D-O LRT Project expenses as follows: <br /> GoTriangle was to use when spending Tax District Revenue on <br /> the D-O LRT Project.The Orange County share of capital project • Project capital costs: <br /> costs was 22.95 percent of the local share. The Orange County o Durham: $738.4 million (YOE) <br /> share of operating costs was 23.95 percent. No cost-share o Orange: $149.5 million (YOE) <br /> assumptions were made for financing or maintaining the . Operating expenses (through June 30, 2036): <br /> project in a State of Good Repair. o Durham: 80 percent <br /> With the reduction in state funding, the local share has o Orange: 20 percent <br /> increased from 25 percent of project costs to 40 percent of up- • Operating expenses (after June 30, 2036) and State of <br /> front project costs. In addition, as discussed in Section 4.6 Good Repair costs: <br /> below, the project scope has been modified, placing a greater o Durham: 81 percent <br /> portion of the project within Durham County. The relevant o Orange: 19 percent <br /> changes include: These are represented as key assumptions in Table 4.8-1. <br /> Final Page 24 of 65 <br />