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53 <br /> Orange County Transit Plan April 25, 2017 <br /> 1 . . Table 4.2-1: GoTriangle Vehicle Purchases 11 <br /> This Plan sets aside funding for GoTriangle to engage in a short- <br /> term 5-10 year) planning effort to update its transit plan, which Purchase of 2 buses to support expanded services funded using <br /> will help determine what future services are funded from the Tax District Revenue. An additional 2 buses will be purchased <br /> Tax District Revenue. Before funds are committed to using Durham Tax District Revenue for service on routes serving <br /> implement a particular project, the project sponsor will be the two counties. <br /> required enter into a Project-Specific Agreement with <br /> GoTriangle which sets forth the cost and schedule expectations <br /> of the project. See Section 6.3. Table 4.2-2: CHT Vehicle Purchases <br /> 4.2 Vehicle Purchases Chapel Hill Transit vehicle purchases <br /> Purchase of up to 10 buses to support expanded services <br /> This Plan dedicates funds to purchase vehicles to support new funded using Tax District Revenue. Up to 5 of these vehicles will <br /> services. Eligible vehicle purchases include additional buses to be purchased using unspent operating revenues and are not <br /> support new and expanded services using Tax District Revenue. eligible for replacement using Tax District Revenue. <br /> As these buses reach the end of their useful life, Tax District <br /> Revenue will be used to replace them. Additionally, this Plan <br /> includes funds for a mid-life repower of Chapel Hill Transit Table 4.2-3: OPT Vehicle Purchases <br /> buses. Assumptions of the useful life and cost of each vehicle <br /> differ by vehicle type and by agency.The assumed useful life for <br /> OPT vehicles is 5 years, 12 years for GoTriangle vehicles, and 15 Purchase of up to 6 buses plus ancillary equipment to support <br /> years for CHT vehicles assuming a mid-life repower to extend new Orange County services funded using Tax District Revenue. <br /> the life of the vehicle. The financial plan provided in Section 5 <br /> accounts for the purchase of new vehicles to replace those <br /> listed at the end of their useful lives. 4.2.1 Capital Costs, Schedule, and Funding Assumptio., <br /> The original Plan assumed a 10 percent Tax District funds share <br /> totaling $1.7 million YOE for 15 new buses and their <br /> replacements. Due to the change in funding assumptions and <br /> requests from the transit agencies in the Staff Working Group, <br /> for the purchase of 13 buses, future mid-life repowers and <br /> Final Page 29 of 65 <br />