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12 <br /> push these circles as close together as possible, to create a sweet spot, in order to address all <br /> the goals at the same time. <br /> Craig Benedict said they will provide an information item on the history of the 2030 <br /> Comprehensive Plan. <br /> 2. Durham-Orange Light Rail Protect Update <br /> John Talmadge, GoTriangle, presented this item. <br /> PURPOSE: <br /> To receive an update from GoTriangle on recent developments with the Durham- Orange Light <br /> Rail Project. The update will not include proposed changes to the Interlocal Cost Sharing <br /> Agreement or the Orange County Transit Plan as project financing and feasibility conditions <br /> evolve. Any proposed changes will be presented and considered by the Board at future <br /> meetings. <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. These agreements allowed GoTriangle to provide updated financial <br /> information to the Federal Transit Administration (FTA) in support of GoTriangle's application to <br /> enter the engineering phase of the Durham-Orange Light Rail Project. On July 28, 2017, <br /> GoTriangle received approval from the FTA to enter the New Starts Engineering phase of the <br /> Capital Investment Grant Program. <br /> Since the adoption of these agreements, several new developments will require changes to the <br /> Interlocal Cost Sharing Agreement between Orange County, Durham County, and GoTriangle <br /> as well as to the Orange County Transit Plan. This presentation is intended to describe the <br /> changes that have occurred. Any proposed amendments to the Interlocal Cost Sharing <br /> Agreement and/or the Orange County Transit Plan will be presented and considered at future <br /> meetings of the Board of Orange County Commissioners. The presentation from GoTriangle <br /> will offer the most recent information regarding: <br /> • Negotiations with Duke University to participate in a Cooperative Agreement and <br /> contribute land to accommodate the light rail alignment; <br /> • Negotiations with the North Carolina Railroad on a lease agreement and other <br /> considerations to accommodate the light rail alignment; <br /> • Financial requirements resulting from the Federal Transit Administration's Risk <br /> Assessment Report; <br /> • Environmental analysis requirements for the engineering changes in downtown Durham; <br /> and <br /> • Schedule for future consideration of any proposed changes to the Interlocal Cost <br /> Sharing Agreement and the Orange County Transit Plan. <br /> FINANCIAL IMPACT: A new financial plan for the project has not been finalized. However, <br /> Orange County's contribution to the project is capped at $149.5 million. <br /> John Talmadge made the following PowerPoint presentation: <br /> GoForward <br /> A Community Investment In Transit <br /> Orange County BOCC <br />