Minutes 03-12-2019 Work Session - Laserfiche WebLink

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17 changes are expected, but GoTriangle will be communicating with the FTA as it finds out options that exist with Duke. John Talmadge said once a final financial plan is submitted, the FTA will bring on a management consultant to review the financial plan and provide feedback, which takes about 4- 5 weeks. Commissioner Bedford asked if there will be more partner meetings, and if it is up to Durham County to decide if they can afford it. John Talmadge said this sounds right to him. Commissioner Bedford said she appreciates the protection for the 2017 levels of the Chapel Hill transit for the buses, etc., and it would be nice if there were an inflationary percentage attached to that. John Talmadge said on the operating side there is 3.1% inflation built into the transit plans that were adopted in 2017. Commissioner McKee said there is $237 million increase, and asked for clarity on the $67.5 million changes on Pettigrew Street. John Talmadge said if they start from the western side of Pettigrew Street corridor, at Duke Street, it would pass under Duke Street in order to get out of the interaction with the gates at Duke Street. He said this would be a cut and cover underpass. He said the station would be at grade at Durham Station, and immediately east of Durham Station it would begin to go down in a trench, so that it is in a tunnel that is covered by Pettigrew Street, under Blackwell Street and under Mangum Street. He said it would come up in a trench just before Roxboro Street. He said if there is bridge grade separating the trains from the street, it can pass by at street level without interacting with the Amtrak. He said east of Roxboro, going up onto a bridge structure to get over Dillard Avenue and Fayetteville Street. He said near Grant Street, there will be a realignment of Pettigrew Street and the local streets in that vicinity. John Talmadge said the $67.5 million is net of the $20 million that was in the budget for this signature civic space/pedestrian span. He said adding up how much these cost equals $87.5 million, and that is in base year dollars. Commissioner McKee said this is the net of the $81 million that was previously given for that exact same configuration three weeks ago. John Talmadge said the $67.5 million in base year dollars equals the $81 million in year of expenditure dollars. Commissioner McKee said he does not see anything in the $237 million to account for the elevated track at Duke. John Talmadge said that was already in the base year budget that was given to FTA as part of the project definition and cost. He said these are things that are being asked for on top of that. Commissioner McKee referred to the additional contingency, and clarified that this is only $60.4 million. He asked if the total contingency could be identified. John Talmadge said total contingency is roughly half a billion dollars, or 22%. Commissioner McKee said basically they have $237 million + $88 million = $325 million shortfall. John Talmadge said there are savings associated with the lower TIFIA interest rates. Commissioner McKee said he realizes there are savings, but he still sees $300+ million that local entities will have to pick up and guarantee by April 30. John Talmadge said that is not the number. He said the total number is north of$200 million, and yes, that must be guaranteed by April 30. Commissioner McKee said he does not understand how the number can be north of $200 million when the FTA is saying $237 and there is an additional $88 million shortfall on private funding.