Orange County NC Website
81 <br /> Orange County Transit Plan April 25, 2017 <br /> • Savings from property donations <br /> • Cost transfer to project partners <br /> • New revenue commitments <br /> Each of these risk areas and mitigation strategies for the D-O <br /> LRT Project are described in more detail in Appendix B: <br /> Durham-Orange LRT Financial Risks and Mitigation Strategies. <br /> Orange County, Durham County, and GoTriangle also executed <br /> an updated Cost-Sharing Agreement for the D-O LRT Project. <br /> The agreement sets forth quarterly reporting requirements <br /> from GoTriangle to the two counties regarding the progress of <br /> the project, including any significant cost overruns or <br /> unmitigated funding shortfalls. If significant cost overruns or <br /> unmitigated funding shortfalls are encountered or anticipated, <br /> the parties agree to meet within 15 business days to decide <br /> upon a course of action for the D-O LRT Project. <br /> Final Page 57 of 65 <br />