Orange County NC Website
0 <br />O R A N G E C O U N T Y <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: APRIL 1, 1991 <br />Action Agenda <br />Item # v <br />SUBJECT: RESOLUTION ENDORSING REVISIONS IN LEGISLATION FOR TRIANGLE <br />TRANSIT AUTHORITY <br />DEPARTMENT: COUNTY MANAGER PUBLIC HEARING: Yes —X —No <br />ATTACHMENT(S): INFORMATION CONTACT: <br />MANAGER'S OFFICE <br />JAMES RITCHEY /SHIRLEY MARSHALL <br />TELEPHONE NUMBERS: <br />Hillsborough - 732 -8181 <br />Durham - 688 -7331 <br />Mebane - 227 -2031 <br />Chapel Hill - 967 - 9251/968 -4501 <br />PURPOSE: To consider a resolution endorsing legislative <br />proposals for funding regional public transportation. <br />BACKGROUND: The Triangle Transit Authority Board of Trustees <br />supports the legislative proposal that places a surtax <br />on rental vehicles gross receipts. This proposal is <br />summarized below: <br />- Permits a tax on rental vehicle gross receipts <br />- The Triangle Transit Authority plans an initial <br />rate of 5% which should generate approximately $2.5 <br />million per year <br />- Following initial approval of the Durham, Orange <br />and Wake County Commissioners, and the Transit <br />Authority's Tax Board, the Transit Authority Board <br />of Trustees would levee the tax <br />- The County Commissioners and the Transit Authority <br />Tax Board would be required to approve any increase <br />in the tax rate <br />RECOMMENDATION: The Regional Authority is requesting that each Board <br />of Commissioners adopt the resolution as attached. <br />1 <br />