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Attachment 1 <br />Amendment to the Orange County Transit Plan Regarding Funding for the <br />Chapel Hill North-South Bus Rapid Transit Project <br /> <br />The Parties to the Orange County Transit Plan agree to amend the Plan as follows: <br /> <br />The Orange County Transit Plan shall be amended to provide up to $8 million in additional <br />dedicated transit revenue to the Chapel Hill North-South Bus Rapid Transit (NSBRT) Project. <br />The additional $8 million shall be allocated over four years to meet project funding <br />requirements. The Plan shall be amended to dedicate $1 million in FY20, $1.5 million in FY21, <br />$1.5 million in FY22, and $4 million in FY23. This funding is in addition to $6.1 million allocated <br />in the 2017 Orange County Transit Plan and increases the total amount dedicated to the North <br />South Bus Rapid Transit Project to $14.1 million. <br /> <br />This amendment is intended to provide the Town of Chapel Hill with evidence that fifty percent <br />(50%) of the non-federal match is dedicated to the project through the Transit Plan. The total <br />project cost is $140 million. <br /> <br />The Town of Chapel Hill shall seek offsetting project funding through the North Carolina <br />Department of Transportation’s Strategic Prioritization Process (SPOT 6.0). To the extent that <br />State funds or other public, non-profit, or private funds are awarded to the North South Bus <br />Rapid Transit Project, these outside funds shall be applied to reduce the financial obligations <br />contained in the Amended Orange County Transit Plan, up to $8 million. Outside funding may <br />not be used to finance changes in the project scope, unanticipated cost overruns, or other <br />changes until the Transit Plan’s obligation of $8 million is completely relieved, unless otherwise <br />approved by the parties to the Transit Plan. <br /> <br />To the extent that any portion of this amendment conflicts with elements of the 2017 Orange <br />County Transit Plan, the terms of this amendment shall supersede those elements. <br /> <br /> <br />______________________ <br />Penny Rich, Chair <br />Board of Orange County Commissioners <br /> <br />______________________ <br />Damon Seils, Chair <br />Durham-Chapel Hill-Carrboro Metropolitan Planning Organization <br /> <br />______________________ <br />Jeff Mann, President and Chief Executive Officer <br />Research Triangle Regional Public Transportation Authority <br /> <br /> <br />4