Agenda 8-a - Minutes - Laserfiche WebLink

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24 1 Julie McClintock endorsed hiring Davenport so it can dig into this new financial 2 model, how the additional costs will be paid for, and if the central services and schools can 3 be protected. She said many in the community appreciated the resolution passed last fall 4 that limited the Board's spending on this project to $149.5 million, plus interest. She said 5 there is a petition asking the Board to stick to this resolution, which has 366 signatures thus 6 far. She said Davenport can evaluate the transit tax revenues, but she would also like to 7 note the following items in the risk category: ridership estimates seem ambitious, given 8 that this is one fixed route that does not include the airport, RTP or Raleigh; this may not 9 mitigate traffic as hoped; the loss of affordable housing; and gentrification. She said is also 10 especially concerned for Chapel Hill Transit. 11 Commissioner McKee said this mentions a $30,000 cap, and asked if this is straight 12 forward reprocessing as before, would it not be that much. 13 Travis Myren said it comes in the same general format, and the costs would be 14 lower. 15 Commissioner McKee asked is there a retainer fee if Orange County engages 16 Davenport, but ends up not using Davenport; simply for having Davenport on hold. 17 Travis Myren said a termination provision would need to be available for any 18 reason, and the County would pay Davenport for any work completed to date, and 19 Davenport would turn over any work completed to date. 20 Commissioner Dorosin clarified that they are still waiting to get final numbers from 21 GoTriangle, and there is nothing to review at this time. 22 Travis Myren said that is correct. 23 24 Commissioner McKee said there is nothing to review now, but his concern is that if 25 Davenport is not in place there may be a lag time once the numbers come out to having 26 them reviewed. He asked if this is correct. 27 Travis Myren said as soon as the financial model is received staff can engage 28 Davenport and allow the Manager to sign a contract and approve a budget amendment. 29 He said, in the absence of that, staff needs to wait for another Board cycle to do that, and 30 everyone is up against an April 301" deadline. He said it is a balancing act. 31 Commissioner McKee said there is a Board cycle of 2 weeks from the time a 32 decision is made. 33 Commissioner Marcoplos clarified that if the Board puts money down for a future 34 analysis, but does not need it, then the County can get all the money back. 35 Travis Myren said yes, they would terminate the contract with no penalty. 36 Chair Rich asked if it is known how long it would take to turn such a report around. 37 Travis Myren said maybe during a 2-week Board cycle, if the format is as it was in 38 the past. 39 Commissioner Dorosin asked if the process is that there will be some additional 40 information coming from FTA. 41 Travis Myren said yes. 42 Commissioner Dorosin asked if sometime between now and April 301" a revised 43 transit plan will come back to the Board. 44 Travis Myren said yes. 45 Commissioner Dorosin asked if it is known who will review the numbers when they 46 come back. 47 Travis Myren said Orange County, Durham County staff and GoTriangle will review 48 the numbers. 49 Chair Rich invited comments from the Board.