Minutes 02-06-2018 - Laserfiche WebLink

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36 Matthew Clark said it is 4% of the overall budget for the capital costs of the project. Commissioner Marcoplos said he thought it would be 1.5%, which is what the outside agencies said. Matthew Clark said that does not just include private donations. He said he has pie chart that he will be handing out, but the best way to think about it is as a whole pie. He said if one takes 50% out of it, which is about $1.238 billion, there is $1.238 billion left. He said $738.4 million is the Durham County share, and $148.5 million is the Orange County share, and roughly $247 million is the State share, leaving $102.5 million to come from other sources. He said these other sources include what Commissioner Marcoplos mentioned, as well as other things, like joint development. Commissioner Marcoplos asked if there is a formal process for the 1.5%, which was the community collaborative effort. Matthew Clark said there is now a non-profit organization, called GoTransit Partners, has been formed. He said he is not the best person to explain this to the Board, as this non- profit has a separate Board of Directors, and is separate from GoTriangle. He said GoTriangles’s General Counsel would be the best person to speak to, and he is happy to connect the BOCC to her. Commissioner McKee referred to the acquisition of the maintenance facility, and asked if there is a timeline for this process. Matthew Clark said he would get back to the BOCC with correct information. He said property acquisition, especially in the case of eminent domain, is always difficult. He said GoTriangle wants to reserve the use of eminent domain as the last resort, and is working with the property owners to come up with a solution. He said he hopes all will be acquired, annexed, and rezoned in a timely fashion and get it before the Durham Planning Commission some time in the September 2018 time frame. Commissioner McKee said he is an employee of Summit Engineering, who is a subcontractor to this project. Commissioner McKee said he is asking about the property acquisition is because it is now a possibility that the federal funding will be 20% instead of 50%. He said that possibility should be in the back of their minds when discussing this acquisition. Matthew Clark said this property is in Durham County, and they will be moving forward on this, trying to avoid eminent domain. He said the property owners would be able to remain on the land until September 2019. Commissioner McKee asked if there is another vote on transit in 2018. Bonnie Hammersley said she did not know, and would check on that. Commissioner McKee asked if there is a formal contingency plan in place, should federal funding be less than the full 50%. He said it was his understanding that federal funding, at anything less than 50%, would make the project unviable. Matthew Clark said the project cannot be completed without a full funding grant agreement from the federal government. Commissioner McKee said he agrees, but has yet to hear of a fallback plan should this occur. He said he wants to know how monies would be spent should the federal funding be less than 50%. Matthew Clark said the BOCC would have to come back together, speak with Durham County, and decide how to proceed. Commissioner McKee said GoTriangle is a major player, and would be the one to put a plan together, not the counties. He said he is apprehensive to buy the aforementioned property in 2018, if there is no guarantee of the 50% of federal funding. He said he does not know what would be done with the property is the project fails to proceed due to lack of federal funding.