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12 <br /> Alderman Seils said when the FTA shut down, it delayed GoTriangle's ability to finalize <br /> the financial plan amendments that they are bringing to the partners for approval. <br /> Alderman Slade asked if there is some adjustment needed, or is it out of their hands. <br /> Alderman Seils said there will be amendments to the financial plan, but it has all been <br /> pushed back due to the shutdown. <br /> Commissioner Marcoplos said there is a finite number of things that needed to happen <br /> and 90% of the issues raised have been worked through, with the remaining issue being the <br /> Duke agreement. He said Mr. Goodman resigned from the fund raising board, but he just <br /> recently donated money for the Blackwell Station. <br /> Commissioner Marcoplos said a lot of companies want naming rights to the stations, <br /> which will make up some of the required funding. He said once the Duke agreement is <br /> finalized, these companies can come out of the bushes and commit money. He said there is <br /> time to meet the schedule. <br /> Council Member Parker said the real deadlines are April 30tn when all non-federal and <br /> non-state funding has to be identified and committed, and November 30tn when all non-state <br /> funding has to be committed. <br /> Commissioner Dorosin asked if the state deadline includes the private funding. <br /> Council Member Parker said yes, all non-federal, non-state funding has to be identified <br /> and committed by April 30tn <br /> 3. Intergovernmental Cooperation Opportunities <br /> Steve Brantley, Orange County Economic Development Director, reviewed the following <br /> information: <br /> a) Shared Funding on Projects <br /> b) Improving Project Collaboration Opportunities (Courtesy Review Potential Enhancements, <br /> Conversation Opportunities between Jurisdictions on Projects (Examples: 203 Project <br /> Carrboro, Gateway in Chapel Hill and Hillsborough Train Station) <br /> Steve Brantley made the following PowerPoint presentation: <br /> Shared Funding on Protects <br /> Article 46 Update prepared by Orange County Economic Development <br /> for the Orange County Assembly of Governments <br /> January 29, 2019 <br /> Article 46: Historic Overview <br /> • A supplemental "1/4 cent retail sales tax" was passed by Orange County voters in a <br /> Nov. 2011 referendum. <br /> • Orange County Board of Commissioners adopted a Resolution in Dec. 2011 to outline <br /> the core uses of the new "Article 46" funds. <br /> • The County received the initial Article 46 funds from the N.C. Department of Revenue <br /> beginning in the Spring of 2012. <br /> • Annual revenues (estimated at $2.5 million total in 2011) are split 50/50 between <br /> Education (Orange County Schools & Chapel Hill/Carrboro City Schools) & Economic <br /> Development, with each group to receive approx. $1.25 million. <br /> • By 2018, the County's total Article 46 revenues were projected to be approx. $3.6 million <br /> for the new fiscal year, due to a steady 5% - 7% annual growth rate in the local <br /> economy's retail sales collections. <br />