Agenda - 02-19-2019 8-a - Minutes

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3 1 I'm here to share some work that we did with the TOD Guidebook. You see we were really 2 surprised to hear numbers like $1.4-$1.9 billion in revenue, even as high as $2 billion. So we 3 went through the ream of paper and looked for ourselves. 4 5 Here's what we learned. 6 • The $1.4-$1.9 billion is cumulative over 40 years and includes revenue for Durham 7 county and Town, Orange County and Chapel Hill. 8 • If you look at the net annual numbers, it's actually a lot lower. Orange County and 9 Chapel Hill each might generate $5 million a year or so in new property tax revenue. 10 11 As you already know, the estimates in the Guidebook include tax exempt university property 12 and don't consider any of the infrastructure or service costs that come with the new 13 development. It also doesn't include the costs that Chapel Hill has agreed to cover to maintain 14 the light rail infrastructure. 15 16 It's conceivable that after you net the costs and the tax exempt properties, there's no economic 17 benefit at all for Orange County or for Chapel Hill. 18 19 But please, don't believe us. Here's the analysis we did using the data from TOD the 20 guidebook. The numbers come from Appendix G - that's around page 365. Please ask 21 GoTriangle and their consultants to look at it and see if we're close. 22 23 Also-while you're at it, please ask them whether Glen Lennox and other properties that are 24 already under development are counted in the revenue estimates. It's important because 25 Hamilton Road is by far the most economically beneficial station area for Orange County or 26 Chapel Hill. The question is whether that's because of development that's already in the 27 queue. 28 29 Thank you for listening. 30 31 Craig Carter said he previously asked the Board of County Commissioners (BOCC) 32 about his memorial flag, which he cannot fly due to its size. He said he has heard no response 33 regarding this inquiry. He said he also talked about the lack of EMS services in the northern 34 portion of the County, and the time it takes for EMS to arrive in that part of the County. He said 35 he previously asked the Board about why an ambulance is not being stationed at the new fire 36 department on St. Mary's Road, and has since learned that the Board did vote to station an 37 ambulance there over a year ago, but it has yet to come to fruition. He said he was told that no 38 one can be stationed there due to the lack of sprinkler system; however, a sprinkler system has 39 been installed, yet no one is stationed there. He said the station is on a well, and if the power 40 goes out, the sprinkler system will not work anyway. He said he is frustrated with the lack of 41 resources to his portion of the County. 42 43 b. Matters on the Printed Agenda 44 (These matters will be considered when the Board addresses that item on the 45 agenda below.) 46 47 3. Announcements, Petitions and Comments by Board Members 48 Commissioner Greene said on Monday she will attend a meeting on Emerging Issues in 49 Raleigh.