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1.1 <br />Associated Capital Maintenance Items <br />Chapel Hill Transit operates advanced design coaches. <br />All items to be purchased meet the " 1/2 of 1 percent" <br />minimum threshold value for associated capital <br />maintenance items as indicated in UMTA Circular 9030.1A. <br />The following items will be purchased. <br />Unit Extended <br />Quantity Item cost Cost <br />8 <br />Engine /rebuilds <br />$11,000 <br />$ 88,000 <br />8 <br />Air conditioning <br />compressor rebuilds <br />1,200 <br />9,600 <br />10 <br />Front suspension <br />rebuilds <br />2,000 <br />20,000 <br />15 <br />Coach floor replacement <br />1,500 <br />22,500 <br />N/A <br />Tires and Tubes <br />N/A <br />60,462 <br />10 <br />Transmission rebuilds <br />3,500 <br />35,000 <br />TOTAL $235,562 <br />Land Accru isition for 15 -501 South Park Ride <br />The 15 -501 South Park /Ride Lot will be constructed on a <br />portion of a larger tract of land purchased by the Town's <br />Recreation Department for development as a Town park, <br />Fire station and the Park /Ride site. Chapel Hill Transit <br />is operated through the Transportation Department of the <br />Town. Funds used for transit operations are segregated <br />and accounted for as a separate enterprise fund from the <br />general operating fund of the Town. A separate tax <br />authority provides local funds for transit. As part of <br />the Park /Ride Lot project costs, the transit system must <br />pay for their portion of the land. The total tract of <br />eighty acres was purchased with bond funds authorized for <br />purchase of park and open spaces for an average cost of <br />$22,500 per acre. The Park /Ride site will use four acres; <br />the land acquisition cost will be $90,000. The required <br />independent appraisal will be done to verify the land <br />value. It is anticipated that the appraisal value on the <br />four acre park /ride lot will be higher than the purchase <br />price since it is located on a prime section of the <br />larger tract with road frontage along two boundaries. <br />The Town has agreed to accept as reimbursement, the <br />original purchase price on a per acre basis, for the <br />Park /Ride site. <br />Construction of Park Ride Lot <br />Also included in the capital program is the construction <br />of a park and ride facility in conjunction with the <br />