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24 <br /> • Project may continue development and design, and remains eligible for federal <br /> reimbursement when an FFGA is executed <br /> • Project receives greater oversight and guidance from FTA • <br /> • Project will be rated each year for inclusion in FTA Annual Report <br /> • Key Observations about rating <br /> — Medium is the threshold for FTA recommendation for funding <br /> — We are currently evaluating FTA recommendations for areas for <br /> improvement to address in our next submission <br /> • Approval of project into Engineering is a big accomplishment and is really good news <br /> Key Milestones <br /> • Get recommended in FTA Annual Report for Funding <br /> • Be included in the State Transportation Improvement Program <br /> • Sign FTA Full Funding Grant Agreement (FFGA) <br /> Anticipated Schedule <br /> • Annual Report Funding Sep 2018 Recommendation (Sep 2017) <br /> • STIP Draft Dec 2018 <br /> • STIP Final June 2019 <br /> • Sign FFGA Jan 2020 (Sep 2019) <br /> Financial Status Update <br /> • FTA has accepted $2.476 billion as the New Starts Project Cost and has confirmed the <br /> 50% CIG share. <br /> • DCHC MPO submits the project for SPOT 5.0 this month to be eligible for funding in the <br /> 2020-29 NCDOT STIP. <br /> • GoTransit Partners has been officially established as a NC nonprofit organization and <br /> will engage in fundraising for transit in the region. <br /> • Planning is underway for a capital campaign in support of the Project. <br /> Current Project Status/Activities <br /> • General Engineering Consultant (GEC) is advancing designs/resolving remaining <br /> alignment questions <br /> • Program Management Consultant (PMC) providing technical expertise <br /> — Project Scheduling <br /> — LRT Technical Resources <br /> — Property Acquisitions <br /> • Construction Management Consultant Contract Approval Anticipated in October or <br /> November <br /> What is the Engineering Phase? <br /> • The next step after project development <br /> • The last step before construction <br /> • The study of proposed updates <br /> • Where do proposals come from? <br /> • How are proposals evaluated? <br /> • Who decides which proposed updates are incorporated into the project? <br />