Orange County NC Website
Browse       Search
21 <br /> Commissioner Greene said Durham County farmers have caught onto this <br /> certification, as Durham Public Schools are using local food. She said she would love to <br /> see Orange County do the same. <br /> Commissioner McKee said another avenue to get the word out is the ASCS <br /> (Agricultural Stabilization and Conservation Service), from which every farmer in the nation <br /> receives communication. <br /> Commissioner Greene applauded the list, and said it is consistent with the State's <br /> proposal, plus a little local flavor. She said #20 (Land Water and Agriculture Preservation <br /> Funding) is one she is interested in, and asked if the County has healthy funding for these <br /> type of needs, or is this something that should be added to the list. <br /> Bonnie Hammersley said the County continues to put money to grow its match from <br /> the State, and this fund is pretty healthy for easements and land conservation. <br /> Commissioner Bedford said she liked the 7 priorities, and asked if it is appropriate to <br /> add something to the long list about funding/advocacy regarding the census. <br /> Greg Wilder said staff can add that as item #38. <br /> A motion was made by Commissioner Bedford, seconded by Commissioner <br /> Marcoplos for the Board to: <br /> -Consider approval of the 2019 Orange County Priority Legislative Issues document; and <br /> -Consider approval of the Other Orange County Legislative Interests document to add #38. <br /> VOTE: UNANIMOUS <br /> Pending action by the Board, staff will work with the Chair to draft a cover letter for the <br /> materials to be presented to Orange County's legislative delegation at the March 11, 2019 <br /> Legislative Breakfast. <br /> d. Authorization to Contract with the County's Financial Advisor to Conduct a <br /> Third Party Financial Analysis of the New Financial Plan for the Durham: <br /> Orange Light Rail Transit Project <br /> The Board considered voting to authorize the County Manager to sign an agreement <br /> with Davenport & Company, LLC to provide a third party analysis of a new, proposed <br /> financial plan for the Durham-Orange Light Rail Project at a cost not to exceed $30,000. <br /> Travis Myren presented this item: <br /> BACKGROUND: <br /> On April 27, 2017, the Board of Orange County Commissioners adopted the Interlocal Cost <br /> Sharing Agreement for the Durham-Orange Light Rail Transit Project as well as the Orange <br /> County Transit Plan. As part of the Board's consideration of these items, the County <br /> engaged its financial advisor, Davenport & Company, LLC, to conduct a third party analysis <br /> of the proposed financial plan and report their findings to the Board of Orange County <br /> Commissioners. <br /> The Article 43 Transit Sales Tax, a portion of Vehicle Registration Fees, and a portion of <br /> rental car fees are used to fund transit projects approved in the Transit Plan, including the <br /> light rail project. The 2017 Davenport analysis (attached)focused on long term borrowing <br /> costs and annual cash flow needs. The analysis demonstrated that all of the projects <br /> contained in the Transit Plan could be funded using transit revenues alone. <br />