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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57 Orange County Transit Plan April 25, 2017 Table 4.3-7: Bus Facilities Project Capital Funding Plan(YOE) The original Plan assumed 80 percent federal funding support for the projects and 10 percent state funding support, leaving 10 percent to be funded by Tax District Revenue. The total Tax district funding $669,900 $5,436,000 amount set aside in Tax District Revenue for construction of Other local/federal funds $0 $3,714,000 these projects was $669,000, which was intended to leverage Anticipated federal funds $5,359,200 $882,000 projects with a total cost of$6,669,000. State funding $669,900 $0 However, due to changes in federal and state policies regarding Total $6,699,000 $10,031,000 funding, it was determined these general assumptions were unrealistic and hampered the agencies' ability to execute the original Plan. In the interest of delivering these priority projects Figure 4.3-2. Bus Facilities Project Capital Funding Sources(YOE) in an expedited manner, this updated Plan includes updated funding and cost assumptions for each project, and overall allocates a higher percentage of Tax District Revenue to cover the cost of projects. Overall, the portfolio of projects included in this updated Plan are assumed to be funded 54 percent by Tax District Revenues, or$5.4 million of the total project costs. 37%) Anticipated federal funding has been reduced from $5.4 million to$882,000.An additional $3.7 million in other funds, about 37 percent of the total, is also assumed — these include federal funds allocated to the municipalities and transit agencies E I through the DCHC MPO, and other local funds outside the Tax District Revenues. No state funding is included. The capital State funding plan for Bus Facilities is presented in Table 4.3-7 and funding �® Figure 4.3-2. so � % � % Final Page 33 of 65