Orange County NC Website
Browse       Search
ATTACHMENT C 20 <br /> GO1 Triangle <br /> Connecting all points of the Triangle <br /> Memorandum <br /> To: Travis Myren, Orange County Deputy Manager <br /> From: John Tallmadge, GoTriangle Director of Regional Services Development <br /> Date: April 25, 2017 <br /> Re: Description of Changes to Cash Flow Tables in Appendix A since published on <br /> April 21 <br /> On April 21, 2017 the Final Orange County Transit Plan and Final Durham County Transit <br /> Plan was distributed to the Staff Working Group participants and the County Commissioners, <br /> and posted to the ourtransitfuture.org website. Since that time we have made several <br /> clarifying changes or corrections to both plans. We have also unfortunately discovered that <br /> the Cash Flow Summary in Appendix A was from the wrong scenario. We have made <br /> corrections to include Scenario EE10 with several changes described below: <br /> 1. The expenses in the line item "Orange County Allocation to County Admin and Fac. <br /> O&M" are increased in order to fund the Orange share of a part-time staff person to <br /> manage the Staff Working Group and its development of Annual Work Plan elements, <br /> as well as to fund short-range bus plan development in FY18 for GoTriangle and OPT <br /> 2. The expenses in the line item "Allocations to Transit Providers for Bus O&M" has been <br /> corrected by increasing the amount in FY2018 in order to allow for the planned <br /> increase in service for next year. <br /> 3. These two changes have reduced the unallocated cash balances accordingly. Now the <br /> minimum cash balance during construction is $3,770,885 still in 2019. This is <br /> $611,475 less than in EE9 presented by Davenport on April 20th. <br /> This scenario is now included in the Cash Flow table in a corrected Appendix A. We have <br /> also added a note to the top of each page in Appendix A noting that the Cash Flow is based on <br /> the assumptions in Table 4.8-1 of the Plan. This is also added at the bottom of page 24 <br /> where the Durham-Orange Light Rail Project cost-split is described. <br /> PO Box 13787 I Research Triangle Park, NC 27709 I P: 919.485.7510 I F: 919.485.7547 <br /> www.gotriangle.org <br />