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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84 Orange County Transit Plan April 25, 2017 in advance of the DCHC MPO update of the long-range transportation plan, called a Metropolitan Transportation Plan. Each year, the Staff Working Group will develop a Work Plan that sets forth the program of transit capital and operating improvements to be undertaken using Tax District Revenue. The Work Plan will include: • the Annual Budget discussed in Section 6.4 • the Multi-Year Capital Improvement Program discussed in Section 6.1 • the Multi-Year Operating Program discussed in Section 6.1 • All project-specific agreements as discussed in Section 6.3 • An update of the long-term Financial Plan The Work Plan would be presented to the Orange County Board of Commissioners, Durham County Board of Commissioners, and DCHC MPO Policy Board to give them opportunities to review the information and to request changes prior to consideration for approval by the GoTriangle Board and DCHC MPO Policy Board in May for the upcoming fiscal year, beginning in May 2018. The Staff Working Group will review changes to cost and revenue assumptions and project and service priorities each year and decide whether any changes warrant an update to the Plan. At a minimum, the Plan will be updated every four years, Final Page 60 of 65