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13 <br /> 1 Danny Rogers said at the beginning of this process, the referendum had not passed. <br /> 2 He said the BRT was included in the manner that it was, was due to it being submitted to the <br /> 3 FTA for project development. He said as the plan is updated, the county transit plans will be <br /> 4 evaluated to see how Durham County can work with Wake County to get the commuter rail. <br /> 5 Commissioner McKee asked if the final payout date on the loans, from the original <br /> 6 plans, could be identified. <br /> 7 Danny Rogers said he does not know the date from the 2011. He said the current date <br /> 8 is 2062. <br /> 9 Commissioner Marcoplos referred to the change from a three car to a two-car platform, <br /> 10 and asked if the impact on ridership numbers, and cost per rider could be identified. <br /> 11 Danny Rogers said the two car to three car platform is a value engineering opportunity. <br /> 12 He said the analysis of the ridership on this line is a very efficient evaluation. He said the <br /> 13 Durham/Orange line has multiple destinations along it, causing people to get on and off the line. <br /> 14 He said this will enable more people to be carried on this line, as the destinations are spread <br /> 15 out; as opposed to being co-located, as they are in Charlotte. He said two car trains can carry <br /> 16 a lot of people; and when capacity is met, the frequency can be increased. He said the two-car <br /> 17 platform is the affordable option, and also has some design benefits. <br /> 18 Commissioner Marcoplos said it would be useful to know the projected fuel and battery <br /> 19 costs, types of fuel for light rail and BRT; and to make comparisons between the two types of <br /> 20 transportation. <br /> 21 Commissioner Price asked if the payoff is in 2062, how do repairs fit into this scenario. <br /> 22 Danny Rogers said part of the reason the TIFIA is allowed to go out to 2062 is because <br /> 23 it is an even payment from day one, allowing other things to be done. He said there is a "state <br /> 24 of good repair" fund within the plan. <br /> 25 Commissioner McKee said he assumed that the monies from the 1/2 cent sales tax will <br /> 26 be required until 2062. <br /> 27 Danny Rogers said the plan is based on the assumption that the sales tax would be <br /> 28 there until 2062. He said an analysis could be completed to determine what would happen if <br /> 29 the sales tax was not there, if so desired by the Board. <br /> 30 Commissioner McKee asked if some revenue source will be needed from Orange <br /> 31 County and Durham County until 2062. <br /> 32 Danny Rogers said yes, under the current payout plan, until 2062. He said it could be <br /> 33 paid off faster if desired, but, due to the low interest rates, and that the length of payoff is <br /> 34 allowed, it makes more sense to use funds elsewhere and pay off the TIFIA loan over a longer <br /> 35 time. <br /> 36 Brian Litchfield, Chapel Hill Transit Director, presented this portion of the PowerPoint: <br /> 37 <br /> 38 North-South Corridor Bus Rapid Transit Project <br /> 39 <br /> 40 Board of County Commissioners <br /> 41 Orange County, NC <br /> 42 January 24, 2017 <br /> 43 <br /> 44 Agenda <br /> 45 • Project Background <br /> 46 • The Locally Preferred Alternative (LPA) <br /> 47 • LPA Costs and Funding Sources <br /> 48 • Project Schedule and Phasing <br /> 49 • BRT Coordination with Local and Regional Service <br /> 50 • Questions/Feedback <br />