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General Assumptions & Major Capital ORANGE COUNTY <br /> NORTH CAROLINA <br /> Scenario 4o EE V10-2 <br /> General Assumptions Major Capital <br /> Scenario 40 EE v10-2 1 LRT Initial Capital Cost <br /> 2 FTA New Starts Grant-Capital Costs $ 1,194,284,214 50.00% <br /> 3 State Funding-Capital Costs 238,856,843 10.00% <br /> 1 Scenario Description Scenario Under 4 In Kind Contributions <br /> Consideration for 5 Orange County 3,584,640 0.15% <br /> Adoption _ 6 Durham County 15,791,793 0.66% <br /> 2 7 Joint Development Grants <br /> 8 Orange County 12,042,212 0.50% <br /> 3 LRT Cost Share Assumptions (Durham / Orange / Private] 9 Durham County 53,050,825 2.22% <br /> 4 Capital Cost 81.5/ 16.5/ 2.0 10 Local Share-Private Capital Campaign' 18,120,000 0.76% <br /> 5 Shared Borrowings 81.5/ 18.5 11 Local Share-Orange County 143,007,212 5.99% <br /> 12 Local Share-Durham County 709,830,690 29.72% <br /> 6 Operations and Maintenance 13 Total LRT Initial Capital Cost $ 2,388,568,428 100.00% <br /> 7 Through 2036 80/ 20 14 <br /> 8 After 2036 81/ 19 15 Orange County LRT State of Good Repair through 2062 $ 89,948,3 <br /> 9 State of Good Repair 16 <br /> 17 Other Orange County Tax District Funding through 2045 <br /> 10 Through 2036 80/ 20 18 Bus O&M $ 139,669,259 <br /> 11 After 2036 81/ 19 19 DO LRT O&M $ 85,651,778 <br /> 12 20 Bus Facilities and Capital Projects(Including Replacements) $ 8,059,476 <br /> 13 Durham / Wake CRT 21 Vehicles(including Replacements) $ 14,247,696 <br /> 22 NS BRT Project(Construction Costs) $ 6,125,000 <br /> 14 23 Hillsborough Train Station Project(Construction Costs) $ 686,000 <br /> 15 Orang*ounty Sales Tax Assumptions 24 County Admin&Facility O&M $ 1,241,202 <br /> 16 FY 2017 - 2046 Moody's Baseline 'First$18.12 million Applied to Orange County <br /> 17 FY 2047 - 2062 3.71% <br /> 18 <br /> 19 Reservi Assumptions <br /> 20 Cash Balance Maintain Positive <br /> Balance <br /> 21 Operating Reserve 3 Months/ 25 % of <br /> CH/OPT Bus 0&M <br /> 22 Debt Service Reserve 10% of Debt Issued <br /> DAVENPORT&COMPANY Source: GoTriangle Scenario 40 EE v10-2 <br /> April 27,2017 Orange County, NC 1 <br />