Notebook - Agenda - 06-21-2011, Item 8g

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ORANGE COUNTY TRANSIT PLAN (OCTP) LIST OF ASSUMPTIONS 1. Orange County will pay for the cost of light rail railway (x miles) and 2 light rail stations in Durham County (i.e. Hillmont and Gateway) and the light rail miles with Orange County. 2. There is no 'value capture' program in the financial model whereby increased property values near rail stations are apportioned to help create a future revenue stream to help pay for the cost of light rail capital and operations. 3. There is no local government independent contribution to fund the new light rail or bus program other than citizen/business sales tax receipts and vehicle registration. 4. There is no institutional contribution to the revenue side of the model (i.e. major employees or university). 5. New '/ cent sales tax revenues will be apportioned for new service. New service is considered any service not in existence when the Mobility Bill legislation went • into effect (i.e. June 2009). 6. The vehicle registration tax can be used for existing or new bus service. 7. The financial model uses 'h cent sales, vehicle registration and Triangle Transit Authority (TTA) rental car tax to fund the overall bus and rail program. 8. Chapel Hill Transit's (CHT) bus system is presently fare-free (see definition in Appendix) and any expansion to routes provided by CHT are being assumed to also be fare--free, 9. Any routes provided by TTA presently have user fees and new routes would also have user fees. These routes are typically intercounty or between local transit systems. 10. New bus routes that travel between two counties are assumed to be funded 50% each, irrespective of ridership, miles within jurisdiction, etc. 11. Orange County would pay a % share of the rail maintenance facilities to be • located in Durham County. 12. Park and ride lots or parking garages funded by the financial plan are assumed to be without a user fee.