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3
<br /> 1 LlRT Ilrputu zV alpft& Cost
<br /> 2 HA New Starts Grant.-Capitl.al Costs $ 1,194,284,214 50.00%,__
<br /> 3 State Funding-Capital Costs 238,8 843 10.00'%'_
<br /> Ile Kind C(.1 nt.l ibut:ions
<br /> Orange County 3,487,758 0.15%__
<br /> 6 Durham County 15,888,675 0.67%
<br /> 7 Joint Development Giants
<br /> 8 Orange County 11,716,7y47 0.�y19%
<br /> 9 Durham County 53,31 6,290 2.2.J%
<br /> 10 Weal Share- Private Capdal Carnpaig ni 18,120,000 076%
<br /> 11 (Local Share-Orange County 138,652,422 5.80
<br /> 12 Local Share-(Durham County 114,185, l79 29.90%
<br /> 13 Total ILRT Initial Capital Coat 2,388,568,428 100.00%
<br /> 15 Orange County LOT State of Good ReIpaur through 2062 $ 89,9448,360
<br /> 16
<br /> 17 Other Orange County Tax IC istruct O undung through 2045
<br /> 18 Bus O&M 139,669,20
<br /> 19 DO ILK O&M $ 83,857,130
<br /> 20 Bus If acilitl.ies and Capitl.al Pro cctl.s((Including (Replacements) $ 8,059, 17f
<br /> 21 Vehicles(Including Replacements) $ 14,247,696
<br /> 22 NS If 1RTl rProjed (Construdion Costs) $ _ 6,125,000
<br /> 23 Hillsborough Train Station Project(Construction Coats) 030,000
<br /> 1 first.$18.12 million Applied to Orange County
<br /> 2
<br /> 3 Commissioner McKee referred to $100 million mentioned by David King on Tuesday
<br /> 4 night, and asked if the $18.1 million aligns with that.
<br /> 5 Travis Myren said the goal of private contributions is $100 million, and the $18.1 million
<br /> 6 is what staff believes to be realistically secured by the time of the Full Funding Grant
<br /> 7 Agreement (FFGA) is submitted to the Federal Transportation Authority (FTA).
<br /> 8 Commissioner Price asked if Orange County would have to pay this money back.
<br /> 9 Ted Cole said he understands that no repayment will be expected.
<br /> 10 John Talmadge, GoTriangle Regional Services Development Director, said GoTriangle
<br /> 11 staff has been working with the Funding and Community Collaborative (FCC) regarding these
<br /> 12 funds.
<br /> 13 Commissioner Marcoplos said this $18 million are right of way grants that have been
<br /> 14 procured so far.
<br /> 15 Tammy Bushell, GoTriangle Attorney, said $19 million has been secured in right of way
<br /> 16 grants with the Universities. She said formal appraisals of these properties have yet to be
<br /> 17 completed. She said the $18 million reflected here is in addition to the $19 million. She said
<br /> 18 part of the $18 million is included in the present right of way donations, because of the
<br /> 19 conservative cost that has been included.
<br /> 20 Gary Toper, GoTriangle Real Estate Manager, said private and public commitments
<br /> 21 have been secured, and the $18 milllion represents about 67 parcel commitments to right of
<br /> 22 ways. He said this is believed to be a conservative amount.
<br /> 23 Commissioner Price asked if the difference between line 5 and line 10 could be clarified.
<br /> 24 Ted Cole said line 5 was the original amount for right of ways, and line 10 is a more
<br /> 25 recent concept that is tied to finding private donations, which may be in the form of more right
<br /> 26 of ways, or in the form of cash.
<br /> 27 Ted Cole said the first 2% will be used to offset Orange County's share according to the
<br /> 28 Cost Share Agreement. He said any funds beyond that will be discussed as they are received.
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