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21 <br /> <br />No direct financial impact is associated with the project update. GoTriangle reports that neither 1 <br />the total budget nor the total projected project expenditures have changed since the adoption of 2 <br />the Cost Sharing Agreement and Orange County Transit Plan. 3 <br /> 4 <br /> John Tallmadge made the following PowerPoint presentation: 5 <br /> 6 <br />Orange County 7 <br />GoTriangle Quarterly Update 8 <br />Nov. 1, 2018 9 <br /> 10 <br />Introduction 11 <br />• Go Forward 12 <br />• Dedicated Transit Revenues 13 <br />• GoTriangle Short-Range Plan 14 <br />• Youth GoPass 15 <br />• Durham-Orange Light Rail Transit Project 16 <br />• GoForwardNC.org 17 <br /> 18 <br />Durham and Orange Revenue- table 19 <br /> 20 <br />Short-Range Transit Plan 21 <br />• Provides a roadmap for transit that incorporates a regional approach to mobility. 22 <br />• Begins integrating light-rail into the future transit network. 23 <br />Specific Goals 24 <br />• Make bus service faster and more competitive 25 <br />• Provide more frequent service 26 <br />• Provide more all-day service 27 <br /> 28 <br />GoTriangle Short-Range Plan (graph) 29 <br /> 30 <br />What are the project timelines? (graph) 31 <br /> 32 <br />Light-Rail Project Update 33 <br />• Project remains eligible for approximately $1.25 billion in federal funding (Full Funding 34 <br />Grant Agreement anticipated September 2019). 35 <br />• Durham County confirmed its intent to provide an additional $57.6 million in dedicated 36 <br />transit revenue. 37 <br />• Updated cost-sharing agreement and transit plan anticipated January-February 2019. 38 <br /> 39 <br />Light-Rail Financial Plan (Year of Expenditure) October 2018- table 40 <br /> 41 <br />Tentative Federal Grant Application Schedule 42 <br />• Undergo next FTA review October 2018. 43 <br />• Finalize agreements and secure remaining nonfederal funds including public and private 44 <br />donations through the GoTransit Partners Capital Campaign by early 2019. 45 <br />• Submit federal grant application by April 2019. 46 <br />• Anticipate Full Funding Grant Agreement September 2019. 47 <br /> 48 <br />Supplemental Environmental Assessment 49