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1 <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />Action Agenda <br />Item No VM -B <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: October 22, 1991 <br />SUBJECT: Triangle Transit Authority Funding Request <br />DEPARTMENT County Manager <br />ATTACHMENTS) <br />8/22/91 TTA Letter <br />8/8/91 TTA Budget Memo <br />Revised TTA FY92 Budget <br />TTA Budget and Cash Flow Analysis <br />PUBLIC HEARING YES NO X <br />INFORMATION CONTACT <br />Rod Visser, ext 2300 <br />TELEPHONE NUMBER <br />Hillsborough 732 -8181 <br />Chapel Hill 968 -4501 <br />Mebane 227 -2031 <br />Durham 688 -7331 <br />PURPOSE: To consider'providing grant funding to the Triangle Transit <br />Authority to support their 1991 -92 budget. <br />BACKGROUND: At the September 3, 1991 regular meeting, the Board <br />of Commissioners gave their approval to the levying of a Triangle -wide <br />tax of $5 on registered motor vehicles to provide funding for the <br />Triangle Transit Authority. In the attached letter requesting the <br />$5 tax levy, TTA also identified the need for an additional $100,000 in <br />funding from member jurisdictions for 1991 -92. <br />Commissioner Carey has discussed this request with board chairs <br />from other jurisdictions. He will share several funding alternatives <br />with the Board at this meeting. TTA has expressed its hope that the <br />$100,000 funding request will be for one year only. However, it has <br />indicated the possibility that it might need to seek the same level of <br />additional funding in 1992 -93 if efforts to remove a 2% cap on TTA <br />administrative expenses that can be funded by the tax levy are not <br />successful in the next session of the General Assembly. <br />RECOMMENDATION(B.)' z The Manager recommends that the Board approve <br />funding for the Triangle Transit Authority in an amount to be decided <br />by the Board, with this appropriation to be funded from contingency. <br />