Agenda - 04-17-1990 - Laserfiche WebLink

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development of the Town's Southern Park. This park and ride lot is anticipated to accommodate approximately 400 vehicles. The proposed location of this facility along the U.S. 15 -501 South corridor is consistent with the Town's Comprehensive Plan and Short Range Transit Plan which call for developing a series of park and ride lots along congested corridors. A survey of employees working at the University of North Carolina and North Carolina Memorial Hospital indicated that approximately 1,100 lived in areas to the south of Chapel Hill and used U.S. 15 -501 South as their route to work. Continued expansion of employment in this University area and related increases in Hospital patient traffic and Town Center employment will result in increased use of this corridor. Current projections indicate that U.S. 15 -501 will carry over 30,000 cars per day by 2010. Existing traffic along the U.S. 15 -501 South corridor has resulted in significant congestion, particularly during peak hours in the Town Center /University area. The development of a park and ride facility at the Town's- southern Park will allow Chapel Hill Transit to provide more convenient transit service to the University/ Hospital /Town Center area. Working in cooperation with the University and Hospital administration, use of the park and ride facility by daily commuters will be encouraged. It is anticipated that continuing shortages of parking in the University /hospital /Town Center area will result in strong demand for park and ride, similar to demand experienced along other corridors within the Town. Electronic Fareboxes Chapel Hill Transit has started a program to upgrade the revenue collection system. The fourteen new buses which will be received in August, 1990 will be equipped with electronic fareboxes. The decision was made to put electronic fareboxes in the new buses because the manufacturer of the Duncan Model 10000 farebox, currently in use by CHT, advised that it is obsolete and parts will not be readily available for repairs. They also stated that the cost of the non - registering fareboxes would be more than electronic fareboxes. CHT proposes to unify the revenue collection equipment by replacing the Duncan Model 10000s on the rest of the bus fleet. Forty -three fareboxes were purchased in 1980 and are becoming unreliable and prone to mechanical failures; five additional fareboxes were purchased in 1986. The electronic farebox system will improve revenue