Orange County NC Website
Browse       Search
31 <br /> 1 University, the North Carolina Railroad, and additional environmental assessment needed for <br /> 2 the downtown Durham changes, it is no longer practical to anticipate that the Durham-Orange <br /> 3 Light Rail Project will receive a Full Funding Grant Agreement by November 2019. This means <br /> 4 the project would not be able to meet the November 30 deadline set by the North Carolina <br /> 5 General Assembly and therefore would no longer be eligible for any State funding. <br /> 6 <br /> 7 The Interlocal Cost Sharing Agreement for the Durham-Orange Light Rail Transit Project <br /> 8 (Attachment 1) prescribes a decision making process when funding becomes unavailable. It <br /> 9 requires the parties to the agreement to meet within fifteen (15) business days to determine <br /> 10 how to address the situation. One of the options available to the cost share partners is to <br /> 11 discontinue the project. If this option is chosen, the Agreement stipulates that the Staff Working <br /> 12 Group comprised of representatives from each County, GoTriangle, and the Durham — Chapel <br /> 13 Hill - Carrboro Metropolitan Planning Organization shall convene within twenty (20) business <br /> 14 days to begin the process of developing new Transit Plans that reallocate the dedicated transit <br /> 15 revenue that had been allocated to the light rail project. <br /> 16 <br /> 17 The legal counsels for each of the parties to the Interlocal Cost Share Agreement have agreed <br /> 18 that a vote by the full Board of County Commissioners will satisfy the requirements of the Cost <br /> 19 Sharing Agreement. This action will formally discontinue the project and begin the process of <br /> 20 amending the Orange County Transit Plan. <br /> 21 <br /> 22 FINANCIAL IMPACT: Orange County's contribution to the light rail project was $149.5 million. <br /> 23 These funds will be reallocated through proposed amendments to the Orange County Transit <br /> 24 Plan. <br /> 25 <br /> 26 Travis Myren made the following PowerPoint presentation: <br /> 27 Consideration of Discontinuing the Durham-Orange Light Rail Protect <br /> 28 Board of Oran_pe County Commissioners <br /> 29 April 2, 2019 <br /> 30 <br /> 31 Purpose <br /> 32 • Board Approval to Discontinue the Durham-Orange Light Rail Project <br /> 33 • Authorization for Staff to Define a Process to Amend the Orange County Transit Plan <br /> 34 through the Staff Working Group <br /> 35 <br /> 36 Cost Share Agreement Requirements <br /> 37 Significant Cost Overrun or Unmitigated Funding Shortfalls Trigger Two Requirements: <br /> 38 o Requires the Representatives of the Parties to Meet within Fifteen (15) Business <br /> 39 Days <br /> 40 ■ Requirement Satisfied on April 1, 2019 <br /> 41 ■ Agreement to Have Board Votes in Durham and Orange County <br /> 42 to Discontinue the Project <br /> 43 ➢ Orange County Vote April 2, 2019 <br /> 44 ➢ Durham County Vote April 8. 2019 <br /> 45 o If Discontinuation is Approved, Staff Working Group is Required to Meet within <br /> 46 Twenty (20) Business Days to Begin the Process of Developing New Transit <br /> 47 Plans and Reallocating Funds <br /> 48 o Staff Working Group <br /> 49 Voting Members from Orange County, GoTriangle, and the DCHC <br /> 50 MPO <br />