Agenda - 04-27-2017 - 1 - Consideration of the Final Draft Durham – Orange Light Rail Cost Sharing Agreement and Final Draft Orange County Transit Plan

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50 Orange County Transit Plan April 25, 2017 The Plan allocates available funding for bus operations ($3.14 Dollar Registration Fee (see Section 5.1.1.4 below) to cover the million in fiscal year 2018) according to proportions established increased operating cost of services provided before the in the Interlocal Implementation Agreement — 64 percent to original Plan took effect. The updated Plan continues to rely on Chapel Hill Transit, 24 percent to GoTriangle, and 12 percent to this assumption. GoTriangle does not use any Tax District Orange Public Transportation. Revenues to fund services provided before the original plan took effect. The bus hours projected for each agency in this Plan are based on the following assumptions: • Available Tax District Revenues each year The Plan is designed to provide a level of additional bus service • Hourly cost of providing bus service (specific to each that can be sustained annually. Therefore, this Plan provides agency) continued support for numerous bus service expansions that • Inflation rate of hourly cost have occurred since 2013,when Tax District Revenues began to • Share of operating costs funded by Tax District Revenue accrue. The tables below list the additional bus service which has already been implemented and which the agencies (specific to each agency) anticipate continuing to provide using Tax District Revenue.The If an agency's cost of providing service is lower than precise services funded by Tax District Revenue are subject to anticipated,or if operating revenues from other sources exceed change based on future service needs, ridership trends, expectations (e.g. farebox revenue), the agencies may be able changes in revenues and expenses, and public input. to provide more service than set forth in this Plan. If the cost of providing service is higher, then the agencies may not be able to provide as much service. An agency's projected hourly cost to operate service may change in the future for a variety of reasons, including changes in labor costs, fuel costs, or additional administrative overhead. Any changes in the bus service hours provided under the Plan will be accounted for in the annual Work Plan (see Section 6.5). The Implementation Agreement authorizes Chapel Hill Transit and OPT to use 100 percent of the amount raised by the Seven- Final Page 26 of 65